Value that $1 indigenous 1960 come 1959

$1 in 1960 is equivalent in purchasing power to about $0.98 in 1959.The dollar had an median inflation rate of 1.72% every year between 1959 and also 1960, creating a cumulative price rise of -1.69%.

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This means that price 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 rate was 0.69%. The inflation price in 1960 to be 1.72%.The 1960 inflation price is lower compared to the median inflation rate of 3.71% every year between 1960 and also 2021.


Inflation from 1960 to 1959
Average inflation rate1.72%
Converted quantity ($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 deserve to vary widely by city, also within the unified States. Here\"s exactly how some cities fared in 1960 come 1959 (figures presented are purchasing strength equivalents the $1):

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

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

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

Inflation through Country

Inflation can likewise vary widely by country. For comparison, in the UK £1.00 in 1960 would certainly be equivalent to £0.99 in 1959, an absolute change of £-0.01 and also a cumulative adjust of -1.02%.

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


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


Inflation by security Category

CPI is the weighted combination of numerous categories of security that are tracked through the government. Breaking down these categories helps explain the main motorists behind price changes. This chart shows the typical rate of inflation for select CPI categories between 1960 and also 1959.


Compare these values to the in its entirety average that 1.72% per year:


CategoryAvg Inflation (%)Total Inflation (%)$1 in 1959 → 1960Food and also 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 all these visualizations, it\"s essential to note that not all category may have been tracked because 1960. This table and also charts use the earliest easily accessible 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 calculate Inflation rate for $1, 1959 to 1960

Our calculations usage the complying with inflation rate formula to calculation the change 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 also 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 get the total inflation rate for the 1 years between 1959 and also 1960, we usage the complying with 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%

Alternate measurements of Inflation

The over data explain the CPI for all items. Also of note is the Core CPI, which actions inflation for every items except for the more volatile categories of food and also energy.Core inflation average 1.50% every year between 1960 and 1959 (vs all-CPI inflation of 1.72%), for an inflation complete of 1.50%.

When utilizing the core inflation measurement, $1 in 1960 is equivalent in buying strength to $1.02 in 1959, a distinction of $0.02. Recall the 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 also news frequently influence economic performance. Here\"s what to be happening in ~ the time:

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

Data source & Citation


Raw data because that these calculations comes fromthe bureau of job Statistics\"Consumer Price Index(CPI), established in 1913. Inflation data native 1665 to1912 is sourced from a historic study conducted by political scienceprofessor Robert Sahr at Oregon State University.


You may use the adhering to MLA citation because that this page:“$1 in 1960 → 1959 | Inflation Calculator.” main Inflation Data, Alioth Finance, 14 Sep. 2021, https://www.mmsanotherstage2019.com/1960-dollars-in-1959?amount=1.

Special thanks to QuickChart for their chart photo API, i m sorry is provided for graph downloads.


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About the author

Ian Webster is one engineer and also data experienced based in mountain Mateo, California. That has operated for Google, NASA, and also consulted because that governments about the civilization on data pipelines and data analysis. Disappointed by the absence of clear sources on the results of inflation on economic indicators, Ian to trust this website serves together a valuable public tool. Ian earned his level in computer system Science indigenous Dartmouth College.

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Other resources:
Inflation indigenous 1960 to 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

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