$1 in 1960 is equivalent in purchasing power to about $3.51 in 1984, an increase of $2.51 over 24 years. The dollar had an average inflation rate of 5.37% per year between 1960 and 1984, producing a cumulative price increase of 251.01%.

This means that prices in 1984 are 3.51 times higher than average prices since 1960, according to the Bureau of Labor Statistics consumer price index.

The 1960 inflation rate was 1.72%. The inflation rate in 1984 was 4.32%. The 1984 inflation rate is higher compared to the average inflation rate of 2.65% per year between 1984 and 2021.

Contents

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Cumulative price change | 251.01% |

Average inflation rate | 5.37% |

Converted amount ($1 base) | $3.51 |

Price difference ($1 base) | $2.51 |

CPI in 1960 | 29.600 |

CPI in 1984 | 103.900 |

Inflation in 1960 | 1.72% |

Inflation in 1984 | 4.32% |

$1 in 1960 | $3.51 in 1984 |

This chart shows a calculation of buying power equivalence for $1 in 1960 (price index tracking began in 1635).

For example, if you started with $1, you would need to end with $3.51 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $1 is equivalent to $3.51 over time, that means that the "real value" of a single U.S. dollar decreases over time. In other words, a dollar will pay for fewer items at the store.

This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 1960 dollars, the chart below shows how $1 is worth less over 24 years.

According to the Bureau of Labor Statistics, each of these USD amounts below is equal in terms of what it could buy at the time:

This conversion table shows various other 1960 amounts in 1984 dollars, based on the 251.01% change in prices:

Initial value | Equivalent value |
---|---|

$1 dollar in 1960 | $3.51 dollars in 1984 |

$5 dollars in 1960 | $17.55 dollars in 1984 |

$10 dollars in 1960 | $35.10 dollars in 1984 |

$50 dollars in 1960 | $175.51 dollars in 1984 |

$100 dollars in 1960 | $351.01 dollars in 1984 |

$500 dollars in 1960 | $1,755.07 dollars in 1984 |

$1,000 dollars in 1960 | $3,510.14 dollars in 1984 |

$5,000 dollars in 1960 | $17,550.68 dollars in 1984 |

$10,000 dollars in 1960 | $35,101.35 dollars in 1984 |

$50,000 dollars in 1960 | $175,506.76 dollars in 1984 |

$100,000 dollars in 1960 | $351,013.51 dollars in 1984 |

$500,000 dollars in 1960 | $1,755,067.57 dollars in 1984 |

$1,000,000 dollars in 1960 | $3,510,135.14 dollars in 1984 |

Inflation can vary widely by city, even within the United States. Here's how some cities fared in 1960 to 1984 (figures shown are purchasing power equivalents of $1):

**Houston, Texas**: 5.58% average rate, $1 → $3.68, cumulative change of 268.46%**San Francisco, California**: 5.53% average rate, $1 → $3.64, cumulative change of 263.94%**Seattle, Washington**: 5.45% average rate, $1 → $3.57, cumulative change of 257.43%**Boston, Massachusetts**: 5.38% average rate, $1 → $3.52, cumulative change of 251.91%**Atlanta, Georgia**: 5.37% average rate, $1 → $3.51, cumulative change of 251.24%**Detroit, Michigan**: 5.34% average rate, $1 → $3.48, cumulative change of 248.23%**New York**: 5.32% average rate, $1 → $3.47, cumulative change of 247.23%**Chicago, Illinois**: 5.25% average rate, $1 → $3.42, cumulative change of 241.79%**Philadelphia, Pennsylvania**: 5.23% average rate, $1 → $3.40, cumulative change of 240.19%

Houston, Texas experienced the highest rate of inflation during the 24 years between 1960 and 1984 (5.58%).

Philadelphia, Pennsylvania experienced the lowest rate of inflation during the 24 years between 1960 and 1984 (5.23%).

Note that some locations showing 0% inflation may have not yet reported latest data.

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1960 would be equivalent to £7.16 in 1984, an absolute change of £6.16 and a cumulative change of 616.50%.

In Canada, CA$1.00 in 1960 would be equivalent to CA$3.91 in 1984, an absolute change of CA$2.91 and a cumulative change of 291.08%.

Compare these numbers to the US's overall absolute change of $2.51 and total percent change of 251.01%.

CPI is the weighted combination of many categories of spending that are tracked by the government. Breaking down these categories helps explain the main drivers behind price changes. This chart shows the average rate of inflation for select CPI categories between 1960 and 1984.

Compare these values to the overall average of 5.37% per year:

Category | Avg Inflation (%) | Total Inflation (%) | $1 in 1960 → 1984 |
---|---|---|---|

Food and beverages | 6.57 | 360.50 | 4.60 |

Housing | 7.40 | 454.56 | 5.55 |

Apparel | 3.40 | 123.28 | 2.23 |

Transportation | 5.34 | 248.22 | 3.48 |

Medical care | 6.76 | 380.16 | 4.80 |

Recreation | 0.00 | 0.00 | 1.00 |

Education and communication | 0.00 | 0.00 | 1.00 |

Other goods and services | 6.84 | 389.64 | 4.90 |

The graph below compares inflation in categories of goods over time. Click on a category such as "Food" to toggle it on or off:

For all these visualizations, it's important to note that not all categories may have been tracked since 1960. This table and charts use the earliest available data for each category.

Our calculations use the following inflation rate formula to calculate the change in value between 1960 and 1984:

CPI in 1984
CPI in 1960

×

1960 USD value

=

1984 USD value

Then plug in historical CPI values. The U.S. CPI was 29.6 in the year 1960 and 103.9 in 1984:

103.929.6

×

$1

=

$1 in 1960 has the same "purchasing power" or "buying power" as $3.51 in 1984.

To get the total inflation rate for the 24 years between 1960 and 1984, we use the following formula:

CPI in 1984 - CPI in 1960CPI in 1960

×

100

=

Plugging in the values to this equation, we get:

103.9 - 29.629.6

×

100

=

The above data describe the CPI for all items. Also of note is the **Core CPI**, which measures inflation for all items except for the more volatile categories of food and energy.
Core inflation averaged 5.25% per year between 1960 and 1984 (vs all-CPI inflation of 5.37%), for an inflation total of 241.23%.

When using the core inflation measurement, $1 in 1960 is equivalent in buying power to $3.41 in 1984, a difference of $2.41. Recall that for All Items, the converted amount is $3.51 with a difference of $2.51.

In 1960, core inflation was 1.50%.

The average inflation rate of 5.37% has a compounding effect between 1960 and 1984. As noted above, this yearly inflation rate compounds to produce an overall price difference of 251.01% over 24 years.

To help put this inflation into perspective, if we had invested $1 in the S&P 500 index in 1960, our investment would be * nominally* worth approximately $7.71 in 1984. This is a return on investment of 670.60%, with an absolute return of $6.71 on top of the original $1.

These numbers are not inflation adjusted, so they are considered *nominal*. In order to evaluate the *real* return on our investment, we must calculate the return with inflation taken into account.

The compounding effect of inflation would account for 71.51% of returns ($5.51) during this period. This means the inflation-adjusted * real* return of our $1 investment is $1.20. You may also want to account for capital gains tax, which would take your real return down to around $1 for most people.

Original Amount | Final Amount | Change | |
---|---|---|---|

Nominal |
$1 | $7.71 | 670.60% |

RealInflation Adjusted |
$1 | $2.20 | 119.53% |

Information displayed above may differ slightly from other S&P 500 calculators. Minor discrepancies can occur because we use the latest CPI data for inflation, annualized inflation numbers for previous years, and we compute S&P price and dividends from January of 1960 to latest available data for 1984 using average monthly close price.

For more details on the S&P 500 between 1960 and 1984, see the stock market returns calculator.

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

Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (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: “$1 in 1960 → 1984 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 16 Sep. 2021, https://www.officialdata.org/us/inflation/1960?amount=1&endYear=1984.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

Cumulative price change | 251.01% |

Average inflation rate | 5.37% |

Converted amount ($1 base) | $3.51 |

Price difference ($1 base) | $2.51 |

CPI in 1960 | 29.600 |

CPI in 1984 | 103.900 |

Inflation in 1960 | 1.72% |

Inflation in 1984 | 4.32% |

$1 in 1960 | $3.51 in 1984 |