Value of $100 from 1960 to 1961
$100 in 1960 is tantamount in purchasing power to about $101.01 in 1961.The dollar had actually an typical inflation rate of 1.01% every year between 1960 and 1961, producing a accumulation price increase of 1.01%.
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This means that price in 1961 are1.01 times higher thanaverage prices since 1960,according come the bureau of job Statistics consumer price index.
The 1960 inflation rate was 1.72%. The inflation price in 1961 was 1.01%.The 1961 inflation price is lower compared to the median inflation price of 3.78% every year between 1961 and 2021.
|Average inflation rate||1.01%|
|Converted lot ($100 base)||$101.01|
|Price distinction ($100 base)||$1.01|
|CPI in 1960||29.600|
|CPI in 1961||29.900|
|Inflation in 1960||1.72%|
|Inflation in 1961||1.01%|
|$100 in 1960||$101.01 in 1961|
Inflation by City
Inflation deserve to vary commonly by city, even within the joined States. Here"s exactly how some cities fared in 1960 to 1961 (figures presented are purchasing strength equivalents the $100):
Seattle, Washington skilled the greatest rate that inflation throughout the 1 years in between 1960 and also 1961 (1.68%).
Houston, Texas experienced the lowest price of inflation during the 1 years in between 1960 and also 1961 (0.36%).
Note the some places showing 0% inflation may have actually not however reported recent data.
Inflation by Country
Inflation can also vary extensively by country. For comparison, in the UK £100.00 in 1960 would certainly be equivalent to £103.46 in 1961, one absolute change of £3.46 and also a cumulative change of 3.46%.
In Canada, CA$100.00 in 1960 would be tantamount to CA$100.00 in 1961, an absolute adjust of CA$0.00 and also a cumulative readjust of 0.00%.
Compare this numbers come the US"s in its entirety absolute change of $1.01 and also total percent adjust of 1.01%.
Inflation by spending Category
CPI is the weighted combination of many categories of safety that space tracked by the government. Breaking down these category helps describe the main drivers behind price changes. This chart reflects the median rate that inflation for pick CPI categories in between 1960 and also 1961.
Compare these values to the as whole average that 1.01% per year:
CategoryAvg Inflation (%)Total Inflation (%)$100 in 1960 → 1961
For all these visualizations, it"s crucial to note that no all categories may have been tracked because 1960. This table and charts use the earliest easily accessible data for each category.
Inflation prices of details categoriesMedical Care· Housing· Rent· Food· More
Inflation-adjusted measuresS&P 500 price·S&P 500 earnings·Shiller P/E
How to calculation Inflation rate for $100, 1960 come 1961
Our calculations use the following inflation rate formula to calculate the adjust in value in between 1960 and also 1961:
CPI in 1961CPI in 1960
1960 USD value
1961 USD value
Then plug in historical CPI values. The U.S. CPI was 29.6 in the year 1960 and also 29.9 in 1961:
$100 in 1960 has the same "purchasing power" or "buying power" as $101.01 in 1961.
To get the full inflation rate for the 1 years between 1960 and 1961, we use the following formula:
CPI in 1961 - CPI in 1960CPI in 1960
Cumulative inflation price (1 years)
Plugging in the worths to this equation, us get:
29.9 - 29.629.6
Alternate dimensions of Inflation
The over data explain the CPI for every items. Likewise of keep in mind is the Core CPI, which measures inflation for all items except for the much more volatile category of food and energy.Core inflation averaged 1.13% every year between 1960 and 1961 (vs all-CPI inflation the 1.01%), for an inflation full of 1.13%.
When making use of the main point inflation measurement, $100 in 1960 is identical in buying strength to $101.13 in 1961, a distinction of $1.13. Recall that for all Items, the converted amount is $101.01 with a difference of $1.01.
In 1960, core inflation was 1.50%.
Comparison to S&P 500 Index
To help put this inflation into perspective, if we had invested $100 in the S&P 500 table of contents in 1960, our investment would certainly be nominally worth roughly $126.86 in 1961. This is a return on investment of 26.86%, with an pure return the $26.86 on top of the initial $100.
These numbers space not inflation adjusted, for this reason they are considered nominal. In stimulate to advice the real return on our investment, we should calculate the return v inflation taken into account.
The compounding impact of inflation would certainly account for 1.00% of return ($1.27) throughout this period. This means the inflation-adjusted real return of ours $100 invest is $25.59. Friend may likewise want come account for funding gains tax, which would take your genuine return down to roughly $22 for most people.
Information displayed over may differ slightly from various other S&P 500 calculators. Young discrepancies deserve to occur because we usage the recent CPI data for inflation, annualized inflation numbers for previous years, and also we compute S&P price and dividends from January of 1960 to latest available data because that 1961 using mean monthly nearby price.
For an ext details on the S&P 500 in between 1960 and 1961, see the stock sector returns calculator.
News headlines native 1960
Politics and also news regularly influence economic performance. Here"s what to be happening in ~ the time:Johnny Cash dram his very first concert in a prison.The bank of France issues new franc currency, precious 100 time the value of old francs.France grants freedom to Cameroon (previously French Cameroon) after years of fighting.Guided missiles are introduced for the very first time native a nuclear powered submarine
Data resource & Citation
Raw data for these calculations come fromthe office of labor Statistics"Consumer Price Index(CPI), established in 1913. Inflation data indigenous 1665 to1912 is sourced indigenous a historical study performed by politics scienceprofessor Robert Sahr in ~ Oregon State University.
You may use the complying with MLA citation for this page:“$100 in 1960 → 1961 | Inflation Calculator.” main Inflation Data, Alioth Finance, 10 Nov. 2021, https://www.jajalger2018.org/1960-dollars-in-1961?amount=100.
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