Value that $1 native 1960 come 1959

$1 in 1960 is indistinguishable in purchasing strength to about $0.98 in 1959.The dollar had an typical inflation price of 1.72% per year in between 1959 and also 1960, developing a cumulative price rise of -1.69%.

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This way that prices in 1959 are1.69% reduced thanaverage prices because 1960,according come the bureau of job Statistics customer price index.


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


Inflation native 1960 come 1959
Average 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

Inflation by City

Inflation can vary extensively by city, also within the unified States. Here\"s just how some cities fared in 1960 to 1959 (figures presented are purchasing strength equivalents of $1):

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

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

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

Inflation through Country

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

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


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


Inflation by safety Category

CPI is the weighted combination of countless categories of security that space tracked by the government. Breaking down these category helps define the main motorists behind price changes. This chart shows the mean rate of inflation for pick CPI categories in between 1960 and 1959.


Compare these values to the as whole average that 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 communication0.000.001.00Other goods and services0.000.001.00

For every these visualizations, it\"s necessary to keep in mind that no all category may have actually been tracked because 1960. This table and charts use the earliest easily accessible data because that 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 calculation Inflation price for $1, 1959 come 1960

Our calculations use the complying with inflation rate 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 historical CPI values. The U.S. CPI was 29.6 in the year 1960 and 29.1 in 1959:


29.129.6
×
$1
=
$0.98

$1 in 1960 has the same \"purchasing power\" or \"buying power\" as $0.98 in 1959.

To gain the total inflation rate for the 1 years between 1959 and also 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%

Alternate dimensions of Inflation

The above data describe the CPI for every items. Also of keep in mind is the Core CPI, which procedures inflation for every items other than for the much more volatile categories of food and energy.Core inflation average 1.50% every year in between 1960 and also 1959 (vs all-CPI inflation of 1.72%), because that an inflation complete of 1.50%.

When utilizing the main point inflation measurement, $1 in 1960 is tantamount in buying strength to $1.02 in 1959, a distinction of $0.02. Recall that for every Items, the converted amount is $0.98 through a difference of $-0.02.

In 1960, core inflation to be 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 an initial concert in a prison.The bank of France issues brand-new franc currency, precious 100 time the value of old francs.France grants freedom to Cameroon (previously French Cameroon) after year of fighting.Guided missiles are introduced for the an initial time from a nuclear powered submarine

Data source & Citation


Raw data for these calculations comes fromthe bureau of labor Statistics\"Consumer Price Index(CPI), created in 1913. Inflation data indigenous 1665 to1912 is sourced from a historic study performed by politics scienceprofessor Robert Sahr at Oregon State University.


You might use the adhering to MLA citation for this page:“$1 in 1960 → 1959 | Inflation Calculator.” main Inflation Data, Alioth Finance, 12 Sep. 2021, https://www.thedesigningfairy.com/1960-dollars-in-1959?amount=1.

Special thanks to QuickChart for their chart picture API, i beg your pardon is used for chart downloads.


\"*\"

About the author

Ian Webster is an engineer and data skilled based in san Mateo, California. The has functioned for Google, NASA, and consulted for governments about the world on data pipelines and also data analysis. Disappointed by the lack 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 degree in computer Science from Dartmouth College.

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Other resources:
Inflation native 1960 come 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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