$11 in 1959 is worth $11.19 in 1960


$11 in 1959 has the same purchasing power as $11.19 in 1960. Over the 1 year this is a change of $0.19.

The average inflation rate of the dollar between 1959 and 1960 was 1.21% per year. The cumulative price increase of the dollar over this time was 1.72%.

The value of $11 from 1959 to 1960

So what does this data mean? It means that the prices in 1960 are 0.11 higher than the average prices since 1959. A dollar in 1960 can buy 98.31% of what it could buy in 1959.

These inflation figures use the Bureau of Labor Statistics (BLS) consumer price index to calculate the value of $11 between 1959 and 1960.

The inflation rate for 1959 was 0.69%, while the inflation rate for 1960 was 1.72%. The 1960 inflation rate is lower than the average inflation rate of 3.64% per year between 1960 and 2021.

USD Inflation Since 1913


The Buying Power of $11 in 1959

We can look at the buying power equivalent for $11 in 1959 to see how much you would need to adjust for in order to beat inflation. For 1959 to 1960, if you started with $11 in 1959, you would need to have $11.19 in 1959 to keep up with inflation rates.

So if we are saying that $11 is equivalent to $11.19 over time, you can see the core concept of inflation in action. The "real value" of a single dollar decreases over time. It will pay for fewer items at the store than it did previously.


Value of $11 Over Time


Year Dollar Value Inflation Rate
1959 $11.00 0.69%
1960 $11.19 1.72%

US Dollar Inflation Conversion


Initial Value Equivalent Value
$1.00 in 1959 $1.02 in 1960
$5.00 in 1959 $5.09 in 1960
$10.00 in 1959 $10.17 in 1960
$50.00 in 1959 $50.86 in 1960
$100.00 in 1959 $101.72 in 1960
$500.00 in 1959 $508.59 in 1960
$1,000.00 in 1959 $1,017.18 in 1960
$5,000.00 in 1959 $5,085.91 in 1960
$10,000.00 in 1959 $10,171.82 in 1960
$50,000.00 in 1959 $50,859.11 in 1960
$100,000.00 in 1959 $101,718.21 in 1960
$500,000.00 in 1959 $508,591.07 in 1960
$1,000,000.00 in 1959 $1,017,182.13 in 1960

Calculate Inflation Rate for $11 from 1959 to 1960

To calculate the inflation rate of $11 from 1959 to 1960, we use the following formula:

$$\dfrac{ 1959\; USD\; value \times CPI\; in\; 1960 }{ CPI\; in\; 1959 } = 1960\; USD\; value $$

We then replace the variables with the historical CPI values. The CPI in 1959 was 29.1 and 29.6 in 1960.

$$\dfrac{ \$11 \times 29.6 }{ 29.1 } = \text{ \$11.19 } $$


To work out the total inflation rate for the 1 year between 1959 and 1960, we can use a different formula:

$$ \dfrac{\text{CPI in 1960 } - \text{ CPI in 1959 } }{\text{CPI in 1959 }} \times 100 = \text{Cumulative rate for 1 year} $$


$$ \dfrac{\text{ 29.6 } - \text{ 29.1 } }{\text{ 29.1 }} \times 100 = \text{ 1.72\% } $$

Inflation Rate Definition





Link To or Reference This Page


  • "$11 in 1959 is worth $11.19 in 1960". StudyFinance.com. Accessed on June 19, 2021. https://studyfinance.com/inflation/us/1959/11/1960/.

  • "$11 in 1959 is worth $11.19 in 1960". StudyFinance.com, https://studyfinance.com/inflation/us/1959/11/1960/. Accessed 19 June, 2021

  • $11 in 1959 is worth $11.19 in 1960. StudyFinance.com. Retrieved from https://studyfinance.com/inflation/us/1959/11/1960/.