$544 in 1959 → $4,486.73 in 2016

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U.S. Inflation Rate, $544 in 1959 to 2016

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.77% per year. Prices in 2016 are 724.8% higher than prices in 1959.

In other words, $544 in 1959 is equivalent in purchasing power to $4,486.73 in 2016, a difference of $3,942.73 over 57 years.

The inflation rate in 2016 was 1.26%.

Inflation from 1959 to 2016
Cumulative price change 724.77%
Average inflation rate 3.77%
Converted amount ($544 base) $4,486.73
Price difference ($544 base) $3,942.73
CPI in 1959 29.1
CPI in 2016 240.007


U.S. inflation from 1913 to 2018


Inflation rates for specific categories

Alcoholic beverages · Indoor plants and flowers · Dental services · More

Inflation-adjusted measures

S&P 500 price · S&P 500 earnings · Shiller P/E

How to calculate the inflation rate for $544, 1959 to 2016

This inflation calculator uses the following inflation rate formula:

CPI in 2016 / CPI in 1959 * 1959 USD value = 2016 USD value

Then plug in historical CPI values. The U.S. CPI was 29.1 in the year 1959 and 240.007 in 2016:

240.007 / 29.1 * $544 = $4,486.73

$544 in 1959 has the same "purchasing power" or "buying power" as $4,486.73 in 2016.


News headlines from 1959

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

  • Hawaii becomes the 50th state of the United States of America.
  • Luna I is the first spacecraft to leave the Earth's gravity.
  • Fidel Castro becomes the 16th Prime Minister of Cuba after overthrowing Batista.
  • The Dalai Lama flees China after India grants him political asylum.

Inflation Data Source

Raw data for these calculations comes from the Bureau of Labor Statistics' (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: “$544 in 1959 → 2016 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 22 Jun. 2018, https://www.officialdata.org/1959-dollars-in-2016?amount=544.


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