# \$50 in 1960 → \$421.54 in 2018

## Inflation Calculator

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### U.S. Inflation Rate, 1960-2018 (\$50)

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.74% per year. Prices in 2018 are 743.1% higher than prices in 1960.

In other words, \$50 in the year 1960 is equivalent in purchasing power to \$421.54 in 2018, a difference of \$371.54 over 58 years.

Compared to last year's annual rate, the inflation rate in 2018 is now 1.95%1. If this number holds, \$50 today would be equivalent to \$50.97 next year. The current inflation rate page gives more detail on the latest official inflation rates.

 Cumulative price change 743.08% Average inflation rate 3.74% Price difference (\$50 base) \$371.54 CPI in 1960 29.6 CPI in 2018 249.554

#### Inflation rates for specific categories

Rent of primary residence · Baby food · Milk · More

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

### How to calculate the inflation rate for \$50 since 1960

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 1960 * 1960 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 29.6 in the year 1960 and 249.554 in 2018:

249.554 / 29.6 * \$50 = \$421.54

\$50 in 1960 has the same "purchasing power" as \$421.54 in 2018.