1960 Gas Price in Today's Dollars. How much was inflation?

In the year 1960, the average retail price of gas in the U.S. was $0.31.

This is equivalent to $2.71 in 2020 dollars.

Inflation Calculator
$
in
to
We determine the value of a dollar using the Consumer Price Index from December of the previous year. Inflation Calculator Home
How much? What was the inflation of $0.31 in 1960 adjusting for cost of living changes?
Equivalent of $0.31 in 1960:
Year
Amount
Yearly Inflation
1960
$0.31
1.36%
1961
$0.31
0.67%
1962
$0.32
1.33%
1963
$0.32
1.64%
1964
$0.33
0.97%
1965
$0.33
1.92%
1966
$0.34
3.46%
1967
$0.35
3.04%
1968
$0.36
4.72%
1969
$0.37
6.20%
1970
$0.40
5.57%
1971
$0.42
3.27%
1972
$0.43
3.41%
1973
$0.45
8.71%
1974
$0.49
12.34%
1975
$0.55
6.94%
1976
$0.59
4.86%
1977
$0.61
6.70%
1978
$0.65
9.02%
1979
$0.71
13.29%
1980
$0.81
12.52%
1981
$0.91
8.92%
1982
$0.99
3.83%
1983
$1.03
3.79%
1984
$1.07
3.95%
1985
$1.11
3.80%
1986
$1.15
1.10%
1987
$1.17
4.43%
1988
$1.22
4.42%
1989
$1.27
4.65%
1990
$1.33
6.11%
1991
$1.41
3.06%
1992
$1.45
2.90%
1993
$1.50
2.75%
1994
$1.54
2.67%
1995
$1.58
2.54%
1996
$1.62
3.32%
1997
$1.67
1.70%
1998
$1.70
1.61%
1999
$1.73
2.68%
2000
$1.77
3.39%
2001
$1.83
1.55%
2002
$1.86
2.38%
2003
$1.91
1.88%
2004
$1.94
3.26%
2005
$2.01
3.42%
2006
$2.08
2.54%
2007
$2.13
4.08%
2008
$2.21
0.09%
2009
$2.22
2.72%
2010
$2.28
1.50%
2011
$2.31
2.96%
2012
$2.38
1.74%
2013
$2.42
1.50%
2014
$2.46
0.76%
2015
$2.48
0.73%
2016
$2.49
2.07%
2017
$2.55
2.11%
2018
$2.60
1.91%
2019
$2.65
2.29%
2020
$2.71
-