Between 1960 and 1990, the Consumer Price Index went from 29.6 to 130.7.
Cumulatively, prices increased 341.6%, which works out to an average of
5.08% per year. Put differently, a dollar in 1960 bought what
$0.23 buys in 1990.
Common amounts: 1960 dollars in 1990
Amount in 1960
Value in 1990
$1.00
$4.42
$5.00
$22.08
$10.00
$44.16
$20.00
$88.31
$50.00
$221
$100
$442
$500
$2,208
$1,000
$4,416
$5,000
$22,078
$10,000
$44,155
$100,000
$441,554
$1,000,000
$4,415,541
Inflation by spending category, 1960–1990
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1960 spending costs in 1990, by category:
Category
Avg. yearly inflation
$100 in 1960 →
All items (CPI-U)
5.08%
$442
Medical care
6.85%
$730
Energy
5.19%
$456
Core (all items less food & energy)
5.08%
$443
Food
5.07%
$441
Transportation
4.77%
$404
Apparel
3.39%
$272
Not shown because the BLS began these indexes after 1960: housing (1967–), recreation (1993–), education & communication (1993–).
In 1990, the median U.S. household earned about $29,900, gas averaged $1.15 a
gallon, and mailing a letter cost a quarter. Inflation ran hot at 5.4% for the
year, its highest rate since 1982, pushed up by an oil shock after Iraq’s
invasion of Kuwait, and the economy tipped into recession that summer. It was
the last gasp of elevated inflation before the long calm of the 1990s.
MLA: “Inflation from 1960 to 1990: $100 is worth $442 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1960-to-1990/
APA: InflationCalculator.com. Inflation from 1960 to 1990. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1960-to-1990/