U.S. inflation · 1960–1962
$100 in 1960 has the same buying power as
$102
in 1962
| Cumulative price change | 2.0% |
|---|---|
| Average inflation rate | 1.01% per year |
| Converted amount ($100 base) | $102 |
| Price difference ($100 base) | $2.03 |
| CPI in 1960 | 29.6 |
| CPI in 1962 | 30.2 |
| Inflation in 1960 | 1.72% |
| Inflation in 1962 | 1.00% |
| $100 in 1960 → 1962 | $102 |
| $100 in 1962 → 1960 | $98.01 |
Between 1960 and 1962, the Consumer Price Index went from 29.6 to 30.2. Cumulatively, prices increased 2.0%, which works out to an average of 1.01% per year. Put differently, a dollar in 1960 bought what $0.98 buys in 1962.
| Amount in 1960 | Value in 1962 |
|---|---|
| $1.00 | $1.02 |
| $5.00 | $5.10 |
| $10.00 | $10.20 |
| $20.00 | $20.41 |
| $50.00 | $51.01 |
| $100 | $102 |
| $500 | $510 |
| $1,000 | $1,020 |
| $5,000 | $5,101 |
| $10,000 | $10,203 |
| $100,000 | $102,027 |
| $1,000,000 | $1,020,270 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1960 spending costs in 1962, by category:
| Category | Avg. yearly inflation | $100 in 1960 → |
|---|---|---|
| All items (CPI-U) | 1.01% | $102 |
| Medical care | 2.66% | $105 |
| Transportation | 1.66% | $103 |
| Core (all items less food & energy) | 1.30% | $103 |
| Food | 1.00% | $102 |
| Apparel | 0.65% | $101 |
| Energy | 0.45% | $101 |
Not shown because the BLS began these indexes after 1960: housing (1967–), recreation (1993–), education & communication (1993–).
| Year | CPI | Inflation rate | $100 from 1960 |
|---|---|---|---|
| 1960 | 29.6 | 1.7% | $100 |
| 1961 | 29.9 | 1.0% | $101 |
| 1962 | 30.2 | 1.0% | $102 |
MLA: “Inflation from 1960 to 1962: $100 is worth $102 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1960-to-1962/
APA: InflationCalculator.com. Inflation from 1960 to 1962. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1960-to-1962/
Source: U.S. Bureau of Labor Statistics, CPI-U annual averages (series CUUR0000SA0; category indexes listed on the data sources page). See how these numbers are calculated.