# \$5,000 in 1960 → \$42,154.39 in 2018

## Inflation Calculator

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### U.S. Inflation Rate, 1960-2018 (\$5,000)

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, \$5,000 in the year 1960 is equivalent in purchasing power to \$42,154.39 in 2018, a difference of \$37,154.39 over 58 years.

Compared to last year's annual rate, the inflation rate in 2018 is now 1.95%1. If this number holds, \$5,000 today would be equivalent to \$5,097.39 next year. The current inflation rate page gives more detail on the latest official inflation rates.

 Cumulative price change 743.09% Average inflation rate 3.74% Price difference (\$5,000 base) \$37,154.39 CPI in 1960 29.6 CPI in 2018 249.554

#### Inflation rates for specific categories

Housing · Televisions · Gasoline (all types) · More

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

### How to calculate the inflation rate for \$5,000 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 * \$5,000 = \$42,154.39

\$5,000 in 1960 has the same "purchasing power" as \$42,154.39 in 2018.

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: “\$5,000 in 1960 → 2018 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 May. 2018, https://www.officialdata.org/1960-dollars?amount=5000.