Value of $1 from 1960 to 1959

$1 in 1960 is tantamount in purchasing power to around $0.98 in 1959.The dollar had actually an average inflation price of 1.72% per year between 1959 and also 1960, creating a cumulative price boost of -1.69%.

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This suggests that prices in 1959 are1.69% lower thanaverage prices given that 1960,according to the Bureau of Labor Statistics consumer price index.


The 1959 inflation rate was 0.69%. The inflation price in 1960 was 1.72%.The 1960 inflation price is reduced compared to the average inflation price of 3.72% per year between 1960 and 2021.


Inflation from 1960 to 1959
Typical inflation rate1.72%
Converted amount ($1 base)$0.98
Price difference ($1 base)$-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 can differ extensively by city, also within the United States. Here"s exactly how some cities fared in 1960 to 1959 (figures displayed are purchasing power equivalents of $1):

San Francisco, California experienced the greatest price of inflation throughout the 1 years in between 1959 and also 1960 (2.06%).

Detroit, Michigan skilled the lowest price of inflation during the 1 years in between 1959 and 1960 (0.82%).

Note that some locations reflecting 0% inflation may have actually not yet reported latest information.

Inflation by Country

Inflation have the right to likewise vary widely by nation. For compariboy, in the UK £1.00 in 1960 would certainly be equivalent to £0.99 in 1959, an absolute readjust of £-0.01 and a cumulative adjust of -1.02%.

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


Compare these numbers to the US"s all at once absolute change of $-0.02 and full percent adjust of -1.69%.


Inflation by Spending Category

CPI is the weighted combicountry of many kind of categories of spfinishing that are tracked by the federal government. Breaking down these categories helps describe the primary chauffeurs behind price alters. This chart mirrors the average rate of inflation for pick CPI categories in between 1960 and 1959.


Compare these values to the all at once 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 also communication0.000.001.00Other goods and also services0.000.001.00

For all these visualizations, it"s vital to note that not all categories might have been tracked given that 1960. This table and charts use the earliest accessible information for each category.


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

How to Calculate Inflation Rate for $1, 1959 to 1960

Our calculations use the following inflation price formula to calculate the readjust in value between 1959 and 1960:


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

Then plug in historical CPI worths. The UNITED STATE 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 very same "purchasing power" or "buying power" as $0.98 in 1959.

To gain the full inflation rate for the 1 years between 1959 and 1960, we usage the adhering to formula:


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

Plugging in the worths to this equation, we get:


29.1 - 29.629.6
×
100
=
-2%

Alternative Measurements of Inflation

The over information define the CPI for all items. Also of note is the Core CPI, which measures inflation for all items other than for the more volatile categories of food and also energy.Core inflation averaged 1.50% per year in between 1960 and also 1959 (vs all-CPI inflation of 1.72%), for an inflation total of 1.50%.

When using the core inflation measurement, $1 in 1960 is identical in buying power to $1.02 in 1959, a difference of $0.02. Recontact that for All Items, the converted amount is $0.98 through a difference of $-0.02.

In 1960, core inflation was 2.00%.


News headlines from 1959

Politics and news often influence economic performance. Here"s what was happening at the time:

Johnny Cash plays his initially concert in a prichild.The Bank of France concerns brand-new franc money, worth 100 times the worth of old francs.France grants self-reliance to Cameroon (formerly French Cameroon) after years of fighting.Guided missiles are introduced for the initially time from a nuclear powered submarine

File Source & Citation


Raw data for these calculations comes fromthe Bureau of Labor Statistics"Consumer Price Index(CPI), establimelted in 1913. Inflation data from 1665 to1912 is sourced from a historic research performed by political scienceprofessor Robert Sahr at Oregon State University.


You might usage the following MLA citation for this page:“$1 in 1960 → 1959 | Inflation Calculator.” Official Inflation File, Alioth Finance, 13 Oct. 2021, https://www.jiyuushikan.org/1960-dollars-in-1959?amount=1.

Special thanks to QuickChart for their chart photo API, which is offered for chart downtons.


*

About the author

Ian Webster is an engineer and also data expert based in San Mateo, The golden state. He has operated for Google, NASA, and also consulted for federal governments around the human being on information pipelines and data evaluation. Disappointed by the lack of clear sources on the effects of inflation on financial indicators, Ian believes this website serves as a valuable public tool. Ian earned his level in Computer Science from Dartmouth College.

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Other resources:
Inflation from 1960 to 1959
Typical inflation rate1.72%
Converted amount ($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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