$1 in 1960 → $8.27 in 2017

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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%.

Inflation from 1960 to 2017
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


U.S. inflation from 1913 to 2018


Inflation rates for specific categories

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

Inflation-adjusted measures

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.


News headlines from 1960

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

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: “$1 in 1960 → 2017 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 20 Jun. 2018, https://www.officialdata.org/1960-dollars-in-2017?amount=1.


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