# \$1 in 1960 → \$8.27 in 2017

## Inflation Calculator

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👉 You may be interested in \$1 in 1960 → 2018

### U.S. Inflation Rate, \$1 in 1960 to 2017

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.78% per year. Prices in 2017 are 727.0% higher than prices in 1960.

In other words, \$1 in 1960 is equivalent in purchasing power to \$8.27 in 2017, a difference of \$7.27 over 57 years.

The inflation rate in 2017 was 1.99%.

 Cumulative price change 727.00% Average inflation rate 3.78% Converted amount (\$1 base) \$8.27 Price difference (\$1 base) \$7.27 CPI in 1960 29.6 CPI in 2017 244.786

#### Inflation rates for specific categories

Financial services · Alcoholic beverages · Gasoline (all types) · More

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

### How to calculate the inflation rate for \$1, 1960 to 2017

This inflation calculator uses the following inflation rate formula:

CPI in 2017 / CPI in 1960 * 1960 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 29.6 in the year 1960 and 244.786 in 2017:

244.786 / 29.6 * \$1 = \$8.27

\$1 in 1960 has the same "purchasing power" or "buying power" as \$8.27 in 2017.