Value that $1 native 1960 come 1959

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

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This way that price in 1959 are1.69% lower thanaverage prices due to the fact that 1960,according come the office of labor Statistics consumer price index.


The 1959 inflation price was 0.69%. The inflation rate in 1960 to be 1.72%.The 1960 inflation rate is lower compared to the median inflation price of 3.71% per year between 1960 and 2021.


Inflation indigenous 1960 to 1959
Average 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 through City

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

San Francisco, California competent the greatest rate that inflation during the 1 years in between 1959 and 1960 (2.06%).

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

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

Inflation by Country

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

In Canada, CA$1.00 in 1960 would be equivalent to CA$0.99 in 1959, one absolute readjust of CA$-0.01 and a cumulative adjust of -1.27%.


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


Inflation by security Category

CPI is the weighted mix of plenty of categories of safety that space tracked by the government. Breaking under these categories helps describe the main vehicle drivers behind price changes. This chart shows the typical rate the inflation for choose CPI categories between 1960 and 1959.


Compare these values to the as whole average the 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 essential to note that no all category may have actually been tracked due to the fact that 1960. This table and also charts usage the earliest easily accessible data for each category.


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

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

Our calculations usage the adhering to inflation price formula to calculation the change in value 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 to be 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 gain the full inflation rate for the 1 years between 1959 and 1960, we use 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 measurements of Inflation

The above data define the CPI for all items. Also of note is the Core CPI, which actions inflation for all items other than for the an ext volatile category of food and also energy.Core inflation average 1.50% every year between 1960 and also 1959 (vs all-CPI inflation that 1.72%), for an inflation complete of 1.50%.

When utilizing the main point inflation measurement, $1 in 1960 is identical in buying power to $1.02 in 1959, a distinction of $0.02. Recall the for all Items, the convert amount is $0.98 with a difference of $-0.02.

In 1960, core inflation was 2.00%.


News headlines from 1959

Politics and news often influence financial 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 self-reliance to Cameroon (previously French Cameroon) after years of fighting.Guided missiles are introduced for the first time native a atom powered submarine

Data source & Citation


Raw data because that these calculations come fromthe bureau of job Statistics"Consumer Price Index(CPI), developed in 1913. Inflation data indigenous 1665 to1912 is sourced from a historical study performed by politics scienceprofessor Robert Sahr in ~ Oregon State University.


You might use the complying with MLA citation because that this page:“$1 in 1960 → 1959 | Inflation Calculator.” official Inflation Data, Alioth Finance, 14 Sep. 2021, https://www.chathamtownfc.net/1960-dollars-in-1959?amount=1.

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


*

About the author

Ian Webster is an engineer and data professional based in san Mateo, California. The has worked for Google, NASA, and consulted for governments roughly the people on data pipelines and also data analysis. Disappointed through the lack of clear resources on the impacts of inflation on financial indicators, Ian to trust this website serves as a an important public tool. Ian earned his level in computer Science native Dartmouth College.

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Other resources:
Inflation indigenous 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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