# U.S. inflation rate in 1960: 1.72%

## Inflation Calculator

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### U.S. Inflation Rate, 1960-2018 (\$100)

The consumer price index (CPI) in 1960 was 29.6. the Bureau of Labor Statistics uses this CPI value to track inflation on a monthly basis.

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, \$100 in the year 1960 is equivalent in purchasing power to \$843.09 in 2018, a difference of \$743.09 over 58 years.

Compared to last year's annual rate, the inflation rate in 2018 is now 1.95%1. If this number holds, \$100 today would be equivalent to \$101.95 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 (\$100 base) \$743.09 CPI in 1960 29.6 CPI in 2018 249.554

#### Inflation rates for specific categories

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### How to calculate the inflation rate for \$100 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 * \$100 = \$843.09

\$100 in 1960 has the same "purchasing power" as \$843.09 in 2018.