U.S. inflation · 1960–1963
$100 in 1960 has the same buying power as
$103
in 1963
| Cumulative price change | 3.4% |
|---|---|
| Average inflation rate | 1.11% per year |
| Converted amount ($100 base) | $103 |
| Price difference ($100 base) | $3.38 |
| CPI in 1960 | 29.6 |
| CPI in 1963 | 30.6 |
| Inflation in 1960 | 1.72% |
| Inflation in 1963 | 1.32% |
| $100 in 1960 → 1963 | $103 |
| $100 in 1963 → 1960 | $96.73 |
Between 1960 and 1963, the Consumer Price Index went from 29.6 to 30.6. Cumulatively, prices increased 3.4%, which works out to an average of 1.11% per year. Put differently, a dollar in 1960 bought what $0.97 buys in 1963.
| Amount in 1960 | Value in 1963 |
|---|---|
| $1.00 | $1.03 |
| $5.00 | $5.17 |
| $10.00 | $10.34 |
| $20.00 | $20.68 |
| $50.00 | $51.69 |
| $100 | $103 |
| $500 | $517 |
| $1,000 | $1,034 |
| $5,000 | $5,169 |
| $10,000 | $10,338 |
| $100,000 | $103,378 |
| $1,000,000 | $1,033,784 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1960 spending costs in 1963, by category:
| Category | Avg. yearly inflation | $100 in 1960 → |
|---|---|---|
| All items (CPI-U) | 1.11% | $103 |
| Medical care | 2.62% | $108 |
| Core (all items less food & energy) | 1.29% | $104 |
| Transportation | 1.22% | $104 |
| Food | 1.21% | $104 |
| Apparel | 0.87% | $103 |
| Energy | 0.30% | $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 |
| 1963 | 30.6 | 1.3% | $103 |
MLA: “Inflation from 1960 to 1963: $100 is worth $103 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1960-to-1963/
APA: InflationCalculator.com. Inflation from 1960 to 1963. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1960-to-1963/
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.