Between 1960 and 1982, the Consumer Price Index went from 29.6 to 96.5.
Cumulatively, prices increased 226.0%, which works out to an average of
5.52% per year. Put differently, a dollar in 1960 bought what
$0.31 buys in 1982.
Common amounts: 1960 dollars in 1982
Amount in 1960
Value in 1982
$1.00
$3.26
$5.00
$16.30
$10.00
$32.60
$20.00
$65.20
$50.00
$163
$100
$326
$500
$1,630
$1,000
$3,260
$5,000
$16,301
$10,000
$32,601
$100,000
$326,014
$1,000,000
$3,260,135
Inflation by spending category, 1960–1982
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1960 spending costs in 1982, by category:
Category
Avg. yearly inflation
$100 in 1960 →
All items (CPI-U)
5.52%
$326
Energy
7.00%
$443
Medical care
6.68%
$415
Transportation
5.51%
$326
Food
5.50%
$325
Core (all items less food & energy)
5.32%
$313
Apparel
3.52%
$214
Not shown because the BLS began these indexes after 1960: housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1960 to 1982: $100 is worth $326 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1960-to-1982/
APA: InflationCalculator.com. Inflation from 1960 to 1982. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1960-to-1982/