What was 30 000 worth in 1960

This effect explains how inflation erodes the value of a dollar over time. According to the Bureau of Labor Statistics, each of these USD amounts below is equal in terms of what it could buy at the time:.

This conversion table shows various other amounts in today's dollars, based on the 3, Inflation can also vary widely by country. CPI is the weighted combination of many categories of spending that are tracked by the government.

Breaking down these categories helps explain the main drivers behind price changes. This chart shows the average rate of inflation for select CPI categories between and The graph below compares inflation in categories of goods over time.

Click on a category such as "Food" to toggle it on or off:. For all these visualizations, it's important to note that not all categories may have been tracked since This table and charts use the earliest available data for each category. Our calculations use the following inflation rate formula to calculate the change in value between and today:. Then plug in historical CPI values. The U.

According to the Bureau of Labor Statistics, each of these USD amounts below is equal in terms of what it could buy at the time:. This conversion table shows various other amounts in today's dollars, based on the 2, Inflation can also vary widely by country. CPI is the weighted combination of many categories of spending that are tracked by the government. Breaking down these categories helps explain the main drivers behind price changes.

This chart shows the average rate of inflation for select CPI categories between and The graph below compares inflation in categories of goods over time. Click on a category such as "Food" to toggle it on or off:. For all these visualizations, it's important to note that not all categories may have been tracked since This table and charts use the earliest available data for each category.

Our calculations use the following inflation rate formula to calculate the change in value between and today:. Then plug in historical CPI values. The U. CPI was The inflation rate in United Kingdom between and today has been 1, This means that pounds in are equivalent to 1, The average annual inflation rate has been 4.

All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money. All calculations are performed in the local currency GBP and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis.