Between 1959 and 1960, the Consumer Price Index went from 29.1 to 29.6.
Cumulatively, prices increased 1.7%, which works out to an average of
1.72% per year. Put differently, a dollar in 1959 bought what
$0.98 buys in 1960.
Common amounts: 1959 dollars in 1960
Amount in 1959
Value in 1960
$1.00
$1.02
$5.00
$5.09
$10.00
$10.17
$20.00
$20.34
$50.00
$50.86
$100
$102
$500
$509
$1,000
$1,017
$5,000
$5,086
$10,000
$10,172
$100,000
$101,718
$1,000,000
$1,017,182
Inflation by spending category, 1959–1960
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1959 spending costs in 1960, by category:
Category
Avg. yearly inflation
$100 in 1959 →
All items (CPI-U)
1.72%
$102
Medical care
3.72%
$104
Energy
2.28%
$102
Apparel
1.56%
$102
Core (all items less food & energy)
1.32%
$101
Food
1.01%
$101
Transportation
0.00%
$100
Not shown because the BLS began these indexes after 1959: housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1959 to 1960: $100 is worth $102 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1959-to-1960/
APA: InflationCalculator.com. Inflation from 1959 to 1960. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1959-to-1960/