Value that $1 indigenous 1960 to 1959

$1 in 1960 is tantamount in purchasing strength to around $0.98 in 1959.The dollar had an typical inflation rate of 1.72% per year in between 1959 and also 1960, developing a cumulative price increase of -1.69%.

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This means that prices in 1959 are1.69% reduced thanaverage prices due to the fact that 1960,according come the office of job Statistics customer price index.


The 1959 inflation price was 0.69%. The inflation price in 1960 was 1.72%.The 1960 inflation price is lower compared to the mean inflation price of 3.72% every year in between 1960 and 2021.


Inflation native 1960 come 1959
Average inflation rate1.72%
Converted lot ($1 base)$0.98
Price distinction ($1 base)$-0.02
CPI in 196029.600
CPI in 195929.100
Inflation in 19590.69%
Inflation in 19601.72%
$1 in 1960$0.98 in 1959

Inflation by City

Inflation have the right to vary commonly by city, also within the unified States. Here"s exactly how some cities fared in 1960 come 1959 (figures displayed are purchasing strength equivalents of $1):

San Francisco, California experienced the highest possible rate the inflation throughout the 1 years between 1959 and also 1960 (2.06%).

Detroit, Michigan experienced the lowest price of inflation throughout the 1 years between 1959 and 1960 (0.82%).

Note the some areas showing 0% inflation may have not however reported recent data.

Inflation by Country

Inflation can additionally vary commonly by country. Because that comparison, in the UK £1.00 in 1960 would be indistinguishable to £0.99 in 1959, an absolute change of £-0.01 and a cumulative readjust of -1.02%.

In Canada, CA$1.00 in 1960 would certainly be identical to CA$0.99 in 1959, an absolute change of CA$-0.01 and also a cumulative change of -1.27%.


Compare this numbers come the US"s as whole absolute change of $-0.02 and also total percent adjust of -1.69%.


Inflation by spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. Breaking down these categories helps explain the main vehicle drivers behind price changes. This chart reflects the typical rate the inflation for pick CPI categories in between 1960 and also 1959.


Compare these worths to the in its entirety average of 1.72% per year:


CategoryAvg Inflation (%)Total Inflation (%)$1 in 1959 → 1960Food and beverages0.000.001.00Housing0.000.001.00Apparel1.501.501.02Transportation-0.03-0.031.00Medical care3.543.541.04Recreation0.000.001.00Education and communication0.000.001.00Other goods and also services0.000.001.00

For every these visualizations, it"s essential to note that not all categories may have actually been tracked because 1960. This table and also charts use the earliest obtainable data for each category.


Inflation prices of specific categoriesMedical Care· Housing· Rent· Food· More
Inflation-adjusted measuresS&P 500 price·S&P 500 earnings·Shiller P/E

How to calculation Inflation rate for $1, 1959 come 1960

Our calculations usage the following inflation price formula to calculation the readjust in value in between 1959 and also 1960:


CPI in 1959CPI in 1960
×
1960 USD value
=
1959 USD value

Then plug in historic CPI values. The U.S. CPI was 29.6 in the year 1960 and 29.1 in 1959:


29.129.6
×
$1
=
$0.98

$1 in 1960 has actually the exact same "purchasing power" or "buying power" together $0.98 in 1959.

To acquire the full inflation price for the 1 years in between 1959 and 1960, we usage the adhering to formula:


CPI in 1959 - CPI in 1960CPI in 1960
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, us get:


29.1 - 29.629.6
×
100
=
-2%

Alternate dimensions of Inflation

The above data define the CPI for all items. Also of keep in mind is the Core CPI, which measures inflation for every items except for the much more volatile category of food and also energy.Core inflation average 1.50% every year in between 1960 and also 1959 (vs all-CPI inflation the 1.72%), for an inflation complete of 1.50%.

When using the main point inflation measurement, $1 in 1960 is tantamount in buying strength to $1.02 in 1959, a distinction of $0.02. Recall that for every Items, the convert amount is $0.98 v a distinction of $-0.02.

In 1960, main point inflation to be 2.00%.


News headlines native 1959

Politics and also news regularly influence financial performance. Here"s what was happening at the time:

Johnny Cash theatre his first concert in a prison.The financial institution of France issues new franc currency, precious 100 times the value of old francs.France grants self-reliance to Cameroon (previously French Cameroon) after years of fighting.Guided missiles are released for the very first time from a nuclear powered submarine

Data source & Citation


Raw data because that these calculations come fromthe office of labor Statistics"Consumer Price Index(CPI), developed in 1913. Inflation data native 1665 to1912 is sourced indigenous a historic study carried out by political scienceprofessor Robert Sahr at Oregon State University.


You might use the following MLA citation for this page:“$1 in 1960 → 1959 | Inflation Calculator.” official Inflation Data, Alioth Finance, 7 Nov. 2021, https://www.sdrta.net/1960-dollars-in-1959?amount=1.

Special many thanks to QuickChart for your chart picture API, which is supplied for chart downloads.


*

About the author

Ian Webster is an engineer and also data skilled based in san Mateo, California. That has operated for Google, NASA, and also consulted for governments approximately the people on data pipelines and also data analysis. Disappointed through the absence of clear resources on the effects of inflation on economic indicators, Ian to trust this website serves together a an useful public tool. Ian earned his level in computer Science native Dartmouth College.

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Other resources:
Inflation from 1960 come 1959
Average inflation rate1.72%
Converted quantity ($1 base)$0.98
Price distinction ($1 base)$-0.02
CPI in 196029.600
CPI in 195929.100
Inflation in 19590.69%
Inflation in 19601.72%
$1 in 1960$0.98 in 1959

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