Value that $1 indigenous 1960 to 1959
$1 in 1960 is tantamount in purchasing strength to around $0.98 in 1959.The dollar had actually an typical inflation rate of 1.72% every year between 1959 and also 1960, developing a cumulative price boost of -1.69%.
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This method that prices in 1959 are1.69% reduced thanaverage prices due to the fact that 1960,according come the bureau of job Statistics customer price index.
The 1959 inflation rate was 0.69%. The inflation rate in 1960 was 1.72%.The 1960 inflation price is lower compared to the mean inflation rate of 3.71% per year in between 1960 and also 2021.
| Average inflation rate | 1.72% |
| Converted amount ($1 base) | $0.98 |
| Price difference ($1 base) | $-0.02 |
| CPI in 1960 | 29.600 |
| CPI in 1959 | 29.100 |
| Inflation in 1959 | 0.69% |
| Inflation in 1960 | 1.72% |
| $1 in 1960 | $0.98 in 1959 |
Inflation by City
Inflation deserve 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 strength equivalents that $1):
San Francisco, California proficient the highest possible rate that inflation during the 1 years between 1959 and also 1960 (2.06%).
Detroit, Michigan knowledgeable the lowest rate of inflation throughout the 1 years in between 1959 and also 1960 (0.82%).
Note that some places showing 0% inflation may have not however reported latest data.
Inflation by Country
Inflation can additionally vary extensively by country. For comparison, in the UK £1.00 in 1960 would certainly be equivalent to £0.99 in 1959, one absolute adjust of £-0.01 and a cumulative adjust of -1.02%.
In Canada, CA$1.00 in 1960 would be equivalent to CA$0.99 in 1959, one absolute change of CA$-0.01 and also a cumulative adjust of -1.27%.
Compare these numbers to the US"s all at once absolute change of $-0.02 and also total percent adjust of -1.69%.
Inflation by spending Category
CPI is the weighted combination of numerous categories of safety that room tracked by the government. Breaking under these category helps describe the main vehicle drivers behind price changes. This chart mirrors the median rate the inflation for choose CPI categories in between 1960 and also 1959.
Compare these worths to the all at once average of 1.72% per year:
CategoryAvg Inflation (%)Total Inflation (%)$1 in 1959 → 1960
For every these visualizations, it"s crucial to keep in mind that not all category may have been tracked due to the fact that 1960. This table and also charts usage the earliest available data for each category.
Inflation rates of particular 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 adhering to inflation price formula to calculation the readjust 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 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 obtain the complete inflation rate for the 1 years in between 1959 and also 1960, we usage the complying with formula:
CPI in 1959 - CPI in 1960CPI in 1960
×
100
=
Cumulative inflation rate (1 years)
Plugging in the worths to this equation, we get:
29.1 - 29.629.6
×
100
=
-2%
Alternate measurements of Inflation
The above data define the CPI for every items. Additionally of note is the Core CPI, which actions inflation for every items except for the much more volatile category 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 complete of 1.50%.
When utilizing the core inflation measurement, $1 in 1960 is tantamount in buying power to $1.02 in 1959, a difference of $0.02. Recall the for all Items, the convert amount is $0.98 with a difference of $-0.02.
In 1960, core inflation to be 2.00%.
News headlines from 1959
Politics and news regularly influence economic performance. Here"s what to be happening in ~ the time:
Johnny Cash plays 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 self-reliance to Cameroon (previously French Cameroon) after years of fighting.Guided missiles are launched for the an initial time native a atom powered submarineData resource & Citation
Raw data because that these calculations come fromthe bureau of job Statistics"Consumer Price Index(CPI), developed in 1913. Inflation data from 1665 to1912 is sourced native a historic study performed by politics scienceprofessor Robert Sahr in ~ Oregon State University.
You might use the complying with MLA citation for this page:“$1 in 1960 → 1959 | Inflation Calculator.” official Inflation Data, Alioth Finance, 14 Sep. 2021, https://www.rewildtv.com/1960-dollars-in-1959?amount=1.
Special many thanks to QuickChart for their chart picture API, i beg your pardon is used for chart downloads.
About the author
Ian Webster is one engineer and also data professional based in mountain Mateo, California. He has worked for Google, NASA, and consulted for governments about the people on data pipelines and data analysis. Disappointed through the absence of clear resources on the results of inflation on financial indicators, Ian to trust this website serves as a an important public tool. Ian earned his level in computer system Science from Dartmouth College.
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| Average inflation rate | 1.72% |
| Converted lot ($1 base) | $0.98 |
| Price distinction ($1 base) | $-0.02 |
| CPI in 1960 | 29.600 |
| CPI in 1959 | 29.100 |
| Inflation in 1959 | 0.69% |
| Inflation in 1960 | 1.72% |
| $1 in 1960 | $0.98 in 1959 |
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