New York prices: $1 in 1960 $10.17 in 2022

Inflation in New York

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Prices in New York, 1960-2022 ($1)

According to the U.S. Bureau of Labor Statistics, prices in New York are 917.11% higher in 2022 versus 1960 (a $9.17 difference in value).

Between 1960 and 2022: New York experienced an average inflation rate of 3.81% per year. This rate of change indicates significant inflation. In other words, $1 in New York in the year 1960 would cost $10.17 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.75% during this same period, inflation in New York was higher.

In the year 1960: Pricing changed by 1.83%, which is below the average yearly change in New York during the 1960-2022 time period. Compared to inflation for all items in 1960 (1.48%), inflation in New York was higher.

Price Inflation in New York since 1914

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1919 (22.12%), 1918 (22.09%), and 1920 (17.24%).

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Buying power of $1.00 since 1960

Below are calculations of equivalent buying power in New York, over time, for $1 beginning in 1960. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1960$1.001.83%
1961$1.010.88%
1962$1.021.53%
1963$1.052.18%
1964$1.061.56%
1965$1.081.61%
1966$1.123.37%
1967$1.152.60%
1968$1.194.31%
1969$1.276.19%
1970$1.367.42%
1971$1.445.79%
1972$1.514.40%
1973$1.606.36%
1974$1.7710.76%
1975$1.917.60%
1976$2.025.87%
1977$2.135.21%
1978$2.255.74%
1979$2.448.66%
1980$2.7211.29%
1981$2.999.84%
1982$3.165.78%
1983$3.314.72%
1984$3.475.01%
1985$3.603.70%
1986$3.723.28%
1987$3.915.05%
1988$4.104.86%
1989$4.325.56%
1990$4.596.11%
1991$4.804.52%
1992$4.973.61%
1993$5.122.99%
1994$5.242.38%
1995$5.372.51%
1996$5.532.94%
1997$5.662.33%
1998$5.751.63%
1999$5.861.94%
2000$6.043.11%
2001$6.202.55%
2002$6.362.55%
2003$6.553.07%
2004$6.783.53%
2005$7.053.88%
2006$7.313.78%
2007$7.522.81%
2008$7.813.90%
2009$7.840.44%
2010$7.981.71%
2011$8.202.85%
2012$8.371.97%
2013$8.511.68%
2014$8.621.32%
2015$8.630.13%
2016$8.721.08%
2017$8.891.96%
2018$9.061.91%
2019$9.211.65%
2020$9.371.71%
2021$9.683.32%
2022$10.175.06%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for New York:

Year1914191519161917191819191920192119221923192419251926192719281929193019311932193319341935193619371938193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI9.9009.91710.20011.50814.05017.15820.11718.40817.28317.45817.49217.76718.26718.05017.87517.80817.57516.36714.95013.93314.19214.37514.55014.86714.61714.55014.70015.25016.71717.96718.40018.82520.68323.16724.74224.46724.60826.44226.90027.04227.20827.08327.48328.35829.20829.65030.19230.45830.92531.60032.09232.60833.70834.58336.07538.30841.15043.53345.45048.34253.54257.60860.99264.16767.85073.72582.05090.12595.33399.833104.833108.708112.275117.950123.683130.558138.542144.800150.025154.508158.183162.158166.925170.817173.608176.983182.483187.133191.900197.792204.767212.708220.742226.940235.782236.825240.864247.718252.588256.833260.230260.558263.365268.520273.640278.164282.920292.303307.081

Adjust New York prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1960 * 1960 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for New York was 30.192 in the year 1960 and 307.081 in 2022:

307.081 / 30.192 * $1 = $10.17

Therefore, according to U.S. Bureau of Labor Statistics, $1 in 1960 has the same "purchasing power" as $10.17 in 2022 (in the CPI category of New York).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for New York in 1914. In addition to New York, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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