U.S. inflation · 1960–1980
$100 in 1960 has the same buying power as
$278
in 1980
| Cumulative price change | 178.4% |
|---|---|
| Average inflation rate | 5.25% per year |
| Converted amount ($100 base) | $278 |
| Price difference ($100 base) | $178 |
| CPI in 1960 | 29.6 |
| CPI in 1980 | 82.4 |
| Inflation in 1960 | 1.72% |
| Inflation in 1980 | 13.50% |
| $100 in 1960 → 1980 | $278 |
| $100 in 1980 → 1960 | $35.92 |
Between 1960 and 1980, the Consumer Price Index went from 29.6 to 82.4. Cumulatively, prices increased 178.4%, which works out to an average of 5.25% per year. Put differently, a dollar in 1960 bought what $0.36 buys in 1980.
| Amount in 1960 | Value in 1980 |
|---|---|
| $1.00 | $2.78 |
| $5.00 | $13.92 |
| $10.00 | $27.84 |
| $20.00 | $55.68 |
| $50.00 | $139 |
| $100 | $278 |
| $500 | $1,392 |
| $1,000 | $2,784 |
| $5,000 | $13,919 |
| $10,000 | $27,838 |
| $100,000 | $278,378 |
| $1,000,000 | $2,783,784 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1960 spending costs in 1980, by category:
| Category | Avg. yearly inflation | $100 in 1960 → |
|---|---|---|
| All items (CPI-U) | 5.25% | $278 |
| Energy | 6.96% | $384 |
| Medical care | 6.25% | $336 |
| Food | 5.46% | $289 |
| Transportation | 5.26% | $279 |
| Core (all items less food & energy) | 4.97% | $264 |
| Apparel | 3.50% | $199 |
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 |
| 1964 | 31 | 1.3% | $105 |
| 1965 | 31.5 | 1.6% | $106 |
| 1966 | 32.4 | 2.9% | $109 |
| 1967 | 33.4 | 3.1% | $113 |
| 1968 | 34.8 | 4.2% | $118 |
| 1969 | 36.7 | 5.5% | $124 |
| 1970 | 38.8 | 5.7% | $131 |
| 1971 | 40.5 | 4.4% | $137 |
| 1972 | 41.8 | 3.2% | $141 |
| 1973 | 44.4 | 6.2% | $150 |
| 1974 | 49.3 | 11.0% | $167 |
| 1975 | 53.8 | 9.1% | $182 |
| 1976 | 56.9 | 5.8% | $192 |
| 1977 | 60.6 | 6.5% | $205 |
| 1978 | 65.2 | 7.6% | $220 |
| 1979 | 72.6 | 11.3% | $245 |
| 1980 | 82.4 | 13.5% | $278 |
1980 sat at the very peak of the Great Inflation. Prices rose 13.5% in that single year, mortgage rates were climbing toward 16%, and the Federal Reserve under Paul Volcker was administering the painful interest-rate medicine that would finally break the inflationary spiral, at the cost of the deep 1981–82 recession. No single year looms larger in how Americans think about inflation.
MLA: “Inflation from 1960 to 1980: $100 is worth $278 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1960-to-1980/
APA: InflationCalculator.com. Inflation from 1960 to 1980. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1960-to-1980/
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.