Value that $1 indigenous 1960 to 1959

$1 in 1960 is equivalent in purchasing strength to around $0.98 in 1959.The dollar had actually an typical inflation price of 1.72% per year in between 1959 and 1960, creating a cumulative price rise of -1.69%.

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


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


Inflation native 1960 to 1959
Average inflation rate1.72%
Converted lot ($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 have the right to vary commonly by city, even within the united States. Here"s exactly how some cities fared in 1960 to 1959 (figures presented are purchasing power equivalents the $1):

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

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

Note the some places showing 0% inflation may have actually not however reported latest data.

Inflation through Country

Inflation can also vary extensively by country. Because that comparison, in the UK £1.00 in 1960 would certainly be equivalent to £0.99 in 1959, one absolute change of £-0.01 and also 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 a cumulative adjust of -1.27%.


Compare this numbers to the US"s in its entirety absolute readjust of $-0.02 and total percent adjust of -1.69%.


Inflation by security Category

CPI is the weighted combination of numerous categories of safety that room tracked through the government. Breaking down these categories helps define the main motorists behind price changes. This chart reflects the mean rate that inflation for select CPI categories between 1960 and 1959.


Compare these values to the overall average of 1.72% every 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 services0.000.001.00

For all these visualizations, it"s necessary to keep in mind that no all categories may have actually been tracked since 1960. This table and charts use the earliest easily accessible data for each category.


Inflation prices of particular 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 to 1960

Our calculations use the adhering to inflation rate formula to calculate 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 also 29.1 in 1959:


29.129.6
×
$1
=
$0.98

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

To gain the total inflation rate for the 1 years in between 1959 and 1960, we use the complying with 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 describe the CPI for every items. Additionally of keep in mind is the Core CPI, which steps inflation for all items except for the an ext volatile categories of food and energy.Core inflation averaged 1.50% per year in between 1960 and 1959 (vs all-CPI inflation of 1.72%), for an inflation full of 1.50%.

When using the main point inflation measurement, $1 in 1960 is equivalent in buying power to $1.02 in 1959, a distinction of $0.02. Recall that for all Items, the converted amount is $0.98 through a distinction of $-0.02.

In 1960, main point inflation was 2.00%.


News headlines indigenous 1959

Politics and news often influence economic performance. Here"s what to be happening in ~ the time:

Johnny Cash dram his an initial concert in a prison.The bank of France issues brand-new franc currency, worth 100 times the worth 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 native a nuclear powered submarine

Data source & Citation


Raw data for these calculations comes fromthe bureau of labor 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 at Oregon State University.


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

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


*

About the author

Ian Webster is one engineer and also data professional based in san Mateo, California. That has functioned for Google, NASA, and also consulted for governments about the world on data pipelines and also data analysis. Disappointed by the lack of clear resources on the results of inflation on financial indicators, Ian believes this website serves as a an important public tool. Ian deserve his degree in computer system Science from Dartmouth College.

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Other resources:
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

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