$2,650 in 1960 is worth$8,639.36 in 1982

$2,650 in 1960 has the same purchasing power as$8,639.36 in 1982. Over the 22 years this is a change of $5,989.36. The average inflation rate of the dollar between 1960 and 1982 was 5.41% per year. The cumulative price increase of the dollar over this time was 226.01%. The value of$2,650 from 1960 to 1982

So what does this data mean? It means that the prices in 1982 are 86.39 higher than the average prices since 1960. A dollar in 1982 can buy 30.67% of what it could buy in 1960.

We can look at the buying power equivalent for $2,650 in 1960 to see how much you would need to adjust for in order to beat inflation. For 1960 to 1982, if you started with$2,650 in 1960, you would need to have $8,639.36 in 1960 to keep up with inflation rates. So if we are saying that$2,650 is equivalent to $8,639.36 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. In the chart below you can see how the value of the dollar is worth less over 22 years. Value of$2,650 Over Time

In the table below we can see the value of the US Dollar over time. According to the BLS, each of these amounts are equivalent in terms of what that amount could purchase at the time.

Year Dollar Value Inflation Rate
1960 $2,650.00 1.72% 1961$2,676.86 1.01%
1962 $2,703.72 1.00% 1963$2,739.53 1.32%
1964 $2,775.34 1.31% 1965$2,820.10 1.61%
1966 $2,900.68 2.86% 1967$2,990.20 3.09%
1968 $3,115.54 4.19% 1969$3,285.64 5.46%
1970 $3,473.65 5.72% 1971$3,625.84 4.38%
1972 $3,742.23 3.21% 1973$3,975.00 6.22%
1974 $4,413.68 11.04% 1975$4,816.55 9.13%
1976 $5,094.09 5.76% 1977$5,425.34 6.50%
1978 $5,837.16 7.59% 1979$6,499.66 11.35%
1980 $7,377.03 13.50% 1981$8,138.01 10.32%