$100 in 1960 is worth $1,060 in 2024,
because prices increased 959.8% over that period, an average of
3.76% a year.
$100 in 1960 has
the same buying power as
$1,060
in 2024
Detailed inflation statistics
Cumulative price change
959.8%
Average inflation rate
3.76% per year
Converted amount ($100 base)
$1,060
Price difference ($100 base)
$960
CPI in 1960
29.6
CPI in 2024
313.689
Inflation in 1960
1.72%
Inflation in 2024
2.95%
$100 in 1960 → 2024
$1,060
$100 in 2024 → 1960
$9.44
What happened to prices between 1960 and 2024
Between 1960 and 2024, the Consumer Price Index went from 29.6 to 313.689.
Cumulatively, prices increased 959.8%, which works out to an average of
3.76% per year. Put differently, a dollar in 1960 bought what
$0.09 buys in 2024: the 1960 dollar
lost 90.6% of its purchasing power over
these 64 years.
Consumer prices rose 1.7% in 1960, up from 1959’s 0.7% even
as the economy slipped into recession that April, a downturn that would
prove the shortest since World War II. The year’s defining political
moment came that November, when John F. Kennedy narrowly defeated Richard
Nixon in one of the closest presidential elections in U.S. history,
decided by roughly two-tenths of a percentage point in the popular vote.
Television played a new role in the race: the first-ever televised
presidential debate that September, watched by an estimated 70 million
people, was widely seen as favoring the telegenic Kennedy. Civil rights
protest took a new form that February, when four Black freshmen at North
Carolina A&T State University sat down at a whites-only Woolworth’s lunch
counter in Greensboro and refused to leave; the sit-in tactic spread to
dozens of Southern cities within weeks. Cold War tensions flared that May,
when a Soviet missile downed an American U-2 spy plane deep inside Soviet
airspace. The pilot, Francis Gary Powers, was captured alive, embarrassing
the Eisenhower administration and collapsing a Paris summit called to ease
relations with Moscow. Consumer prices finished 1960 199.0% above their
1913 level. First-class postage held at 4 cents, and the
minimum wage stayed at $1.00 an hour.
Every 1960 amount converts to 2024 at the same ratio, 10.60: $1,000 becomes
$10,598, and $10,000 becomes $105,976.
Amount in 1960
Value in 2024
$1.00
$10.60
$5.00
$52.99
$10.00
$106
$20.00
$212
$50.00
$530
$100
$1,060
$500
$5,299
$1,000
$10,598
$5,000
$52,988
$10,000
$105,976
$100,000
$1,059,760
$1,000,000
$10,597,601
Inflation by spending category, 1960–2024
Between 1960 and 2024, medical care rose the most, up 2428.4%, while apparel rose the least, up 187.7%, against 959.8% for all items. The headline number is an average; here is what $100 of 1960
spending costs in 2024, by category:
Category
Avg. yearly inflation
$100 in 1960 →
All items (CPI-U)
3.76%
$1,060
Medical care
5.18%
$2,528
Energy
4.02%
$1,248
Food
3.82%
$1,101
Core (all items less food & energy)
3.73%
$1,042
Transportation
3.51%
$908
Apparel
1.66%
$288
Not shown because the BLS began these indexes after 1960: housing (1967–), recreation (1993–), education & communication (1993–).
Decade by decade: 1960 to 2024
Prices climbed fastest in the 1970s, averaging 7.82% a year, and slowest in the 2010s (1.73% a year). Each step below chains into the full 1960–2024 change:
Years
Avg. yearly inflation
Price change
$100 from 1960, at end
1960–1970
2.74%
31.1%
$131
1970–1980
7.82%
112.4%
$278
1980–1990
4.72%
58.6%
$442
1990–2000
2.80%
31.8%
$582
2000–2010
2.39%
26.6%
$737
2010–2020
1.73%
18.7%
$874
2020–2024
4.93%
21.2%
$1,060
Year by year: CPI and the value of $100 from 1960
$100 from 1960 had already become $442 by
1990, on its way to $1,060 in 2024; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 13.5% in 1980, and prices fell 0.4% in 2009, the deepest deflation of the period.
Long periods are sampled every 5 years; the calculator above covers any pair of years.
The destination year: 2024
In 2024, prices rose 2.9% and $100 from 1960 had the buying
power of $1,060; the year's average CPI of 313.689 is the level
behind every 2024 figure on this page.
2024 brought inflation close to normal without fully reaching it. Consumer
prices rose 2.9% on average, the smallest yearly increase since 2020, and the
December-to-December rate was also 2.9%. Gasoline averaged $3.30 a gallon,
below 2023’s $3.52. Shelter stayed the biggest driver of the index, so the
pace of price growth in categories that households can’t easily avoid, such as
rent and insurance, lagged the drop in goods and energy costs.
The Federal Reserve declared progress in September, cutting its policy rate
by half a point, the first reduction since the pandemic emergency, and then
by a quarter point in November and again in December. Mortgage rates near 7%
kept the housing market frozen for many would-be buyers.
Median household income was $83,730, the federal minimum wage stayed at $7.25,
and a first-class stamp rose to 73 cents in July. After the November election,
attention turned to how announced tariffs and tax policy might affect prices
in 2025.
MLA: “Inflation from 1960 to 2024: $100 is worth $1,060 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1960-to-2024/
APA: InflationCalculator.com. Inflation from 1960 to 2024. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1960-to-2024/