How much is $5 in 1960 worth now?
Accordingly, what is a 1980 $5 worth today?
In other words, $5 in 1980 is equivalent in purchasing power to about $15.65 in 2020, a difference of $10.65 over 40 years. The 1980 inflation rate was 13.50%. The current inflation rate (2019 to 2020) is now 2.49% 1. If this number holds, $5 today will be equivalent in buying power to $5.12 next year.
Considering this, how much was a British pound worth in 1960?
The British pound experienced an average inflation rate of 5.38% per year during this period, meaning the real value of a pound decreased. In other words, £1 in 1960 is equivalent in purchasing power to about £23.18 in 2020, a difference of £22.18 over 60 years. The 1960 inflation rate was 1.03%.
In other words, $18 in 1960 is equivalent in purchasing power to about $145.95 in 2016, a difference of $127.95 over 56 years.