Between 1960 and 1964, the Consumer Price Index went from 29.6 to 31.
Cumulatively, prices increased 4.7%, which works out to an average of
1.16% per year. Put differently, a dollar in 1960 bought what
$0.95 buys in 1964.
Common amounts: 1960 dollars in 1964
Amount in 1960
Value in 1964
$1.00
$1.05
$5.00
$5.24
$10.00
$10.47
$20.00
$20.95
$50.00
$52.36
$100
$105
$500
$524
$1,000
$1,047
$5,000
$5,236
$10,000
$10,473
$100,000
$104,730
$1,000,000
$1,047,297
Inflation by spending category, 1960–1964
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1960 spending costs in 1964, by category:
Category
Avg. yearly inflation
$100 in 1960 →
All items (CPI-U)
1.16%
$105
Medical care
2.48%
$110
Core (all items less food & energy)
1.36%
$106
Transportation
1.32%
$105
Food
1.23%
$105
Apparel
0.86%
$104
Energy
0.11%
$100
Not shown because the BLS began these indexes after 1960: housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1960 to 1964: $100 is worth $105 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1960-to-1964/
APA: InflationCalculator.com. Inflation from 1960 to 1964. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1960-to-1964/