According to the Bureau of Labor Statistics consumer price index, prices in 1959 are 1.69% lower than average prices since 1960. The U.S. dollar experienced an average inflation rate of 1.72% per year during this period, causing the real value of a dollar to decrease.

In other words, $1 in 1960 is equivalent in purchasing power to about $0.98 in 1959.

The 1959 inflation rate was 0.69%. The inflation rate in 1960 was 1.72%. The 1960 inflation rate is lower compared to the average inflation rate of 3.69% per year between 1960 and 2020.

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Average inflation rate | 1.72% |

Converted amount ($1 base) | $0.98 |

Price difference ($1 base) | $-0.02 |

CPI in 1960 | 29.600 |

CPI in 1959 | 29.100 |

Inflation in 1959 | 0.69% |

Inflation in 1960 | 1.72% |

Inflation can vary widely by city, even within the United States. Here's how some cities fared in 1960 to 1959 (figures shown are purchasing power equivalents of $1):

**San Francisco, California**: 2.06% average rate, $1 → $1.02, cumulative change of 2.06%**Boston, Massachusetts**: 1.89% average rate, $1 → $1.02, cumulative change of 1.89%**New York**: 1.83% average rate, $1 → $1.02, cumulative change of 1.83%**Philadelphia, Pennsylvania**: 1.77% average rate, $1 → $1.02, cumulative change of 1.77%**Atlanta, Georgia**: 1.60% average rate, $1 → $1.02, cumulative change of 1.60%**Chicago, Illinois**: 1.39% average rate, $1 → $1.01, cumulative change of 1.39%**Seattle, Washington**: 1.26% average rate, $1 → $1.01, cumulative change of 1.26%**Houston, Texas**: 1.15% average rate, $1 → $1.01, cumulative change of 1.15%**Detroit, Michigan**: 0.82% average rate, $1 → $1.01, cumulative change of 0.82%

San Francisco, California experienced the highest rate of inflation during the 1 years between 1959 and 1960 (2.06%).

Detroit, Michigan experienced the lowest rate of inflation during the 1 years between 1959 and 1960 (0.82%).

Note that some locations showing 0% inflation may have not yet reported latest data.

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1960 would be equivalent to £0.99 in 1959, an absolute change of £-0.01 and a cumulative change of -1.02%.

In Canada, CA$1.00 in 1960 would be equivalent to CA$0.99 in 1959, an absolute change of CA$-0.01 and a cumulative change of -1.27%.

Compare these numbers to the US's overall absolute change of $-0.02 and total percent change of -1.69%.

CPI is the weighted combination of many categories of spending that are tracked by the government. Breaking down these categories helps explain the main drivers behind price changes. This chart shows the average rate of inflation for select CPI categories between 1960 and 1959.

Compare these values to the overall average of 1.72% per year:

Category | Avg Inflation (%) | Total Inflation (%) | $1 in 1959 → 1960 |
---|---|---|---|

Food and beverages | 0.00 | 0.00 | 1.00 |

Housing | 0.00 | 0.00 | 1.00 |

Apparel | 1.50 | 1.50 | 1.02 |

Transportation | -0.03 | -0.03 | 1.00 |

Medical care | 3.57 | 3.57 | 1.04 |

Recreation | 0.00 | 0.00 | 1.00 |

Education and communication | 0.00 | 0.00 | 1.00 |

Other goods and services | 0.00 | 0.00 | 1.00 |

For all these visualizations, it's important to note that not all categories may have been tracked since 1960. This table and charts use the earliest available data for each category.

Our calculations use the following inflation rate formula to calculate the change in value between 1959 and 1960:

CPI in 1959
CPI in 1960

×

1960 USD value

=

1959 USD value

Then plug in historical CPI values. The U.S. CPI was 29.6 in the year 1960 and 29.1 in 1959:

29.129.6

×

$1

=

$1 in 1960 has the same "purchasing power" or "buying power" as $0.98 in 1959.

To get the total inflation rate for the 1 years between 1959 and 1960, we use the following formula:

CPI in 1959 - CPI in 1960CPI in 1960

×

100

=

Plugging in the values to this equation, we get:

29.1 - 29.629.6

×

100

=

The above data describe the CPI for all items. Also of note is the **Core CPI**, which measures inflation for all items except for the more volatile categories of food and energy.
Core inflation averaged 1.50% per year between 1960 and 1959 (vs all-CPI inflation of 1.72%), for an inflation total of 1.50%.

When using the core inflation measurement, $1 in 1960 is equivalent in buying power to $1.02 in 1959, a difference of $0.02. Recall that for All Items, the converted amount is $0.98 with a difference of $-0.02.

In 1960, core inflation was 2.00%.

Politics and news often influence economic performance. Here's what was happening at the time:

- Johnny Cash plays his first concert in a prison.
- The Bank of France issues new franc currency, worth 100 times the value of old francs.
- France grants independence to Cameroon (previously French Cameroon) after years of fighting.
- Guided missiles are launched for the first time from a nuclear powered submarine

Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. Inflation data from 1665 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University.

You may use the following MLA citation for this page: “$1 in 1960 → 1959 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 4 Dec. 2020, https://www.officialdata.org/us/inflation/1960?amount=1&endYear=1959.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

in2013dollars.com is a reference website maintained by the Official Data Foundation.

Average inflation rate | 1.72% |

Converted amount ($1 base) | $0.98 |

Price difference ($1 base) | $-0.02 |

CPI in 1960 | 29.600 |

CPI in 1959 | 29.100 |

Inflation in 1959 | 0.69% |

Inflation in 1960 | 1.72% |