U.S. inflation rate in 1960: 1.72%

Inflation Calculator


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.

Inflation from 1960 to 2018
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

U.S. inflation from 1913 to 2017

Inflation rates for specific categories

Fresh fruits · Legal services · Alcoholic beverages · More

Inflation-adjusted measures

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

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.

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: “Inflation Rate in 1960 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 May. 2018, https://www.officialdata.org/inflation-rate-in-1960.

» Read more about inflation.