The Impact of Inflation on value of $60 from 1925 to 2024
In 1913 the price of $60 is approximately equal to $1064.08 in 2024. Prices changed by 3.01% (or $10.14) per year on average during that period. It means that every purchase will cost you 17.73 times as much.
Inflation is a powerful force that can erode the purchasing power of money over time. For anyone curious about the value of $60 in 1925 and what it would be worth in 2024, this page provides a detailed analysis using the cumulative price change, average inflation rate, and other key financial indicators.
How Much is $60 in 1925 Worth Today?
- Converted Amount: The $60 from 1925, adjusted for inflation, would be equivalent to $1064.08 in 2024.
- Cumulative Price Change: Over this period, the cumulative price change has been 1673.47%.
- Average Inflation Rate: The average annual inflation rate between 1925 and 2024 has been 3.01%.
| Cumulative price change | 1673.47% |
| Average inflation rate | 3.01% |
| Converted amount | 1064.08 |
| Price difference | 1004.08 |
| CPI in 1925 | 17.5 |
| CPI in 2024 | 310.358 |
| Inflation in 1925 | 2.34% |
| Inflation in 2024 | 1.86% |
| 60 in 1925 | 1064.08 in 2024 |
Key Financial Indicators:
Consumer Price Index (CPI) Comparison
- CPI in 1925: 17.5
- CPI in 2024: 310.358
Inflation Rate at 1925 and 2024
- Inflation in 1925: 2.34%
- Inflation in 2024: 1.86%
Price Difference
- The price difference between 1925 and 2024 is $1004.08.
1925 to 2024 Inflation Calculator
To understand the transformation of $60 from 1925 into 2024 US dollars, consider the following table:
| Year | CPI | Inflation rate | Value in 2024 |
|---|---|---|---|
| 1925 | 17.5 | 2.34% | $60 |
| 2024 | 310.358 | 1.86% | $1064.08 |
This table highlights the key figures that affect how the value of money changes over time due to inflation.
Buying Power of $60 in 1925
$60 in the year 1925 is now worth $1064.08 in 2024, showing a substantial increase of $1004.08 over the years. This change underscores how the average inflation rate of 3.01% annually has eroded the purchasing power of the US dollar.