$100 in 1914 is worth $334 in 1967,
because prices increased 234.0% over that period, an average of
2.30% a year.
$100 in 1914 has
the same buying power as
$334
in 1967
Detailed inflation statistics
Cumulative price change
234.0%
Average inflation rate
2.30% per year
Converted amount ($100 base)
$334
Price difference ($100 base)
$234
CPI in 1914
10
CPI in 1967
33.4
Inflation in 1914
1.01%
Inflation in 1967
3.09%
$100 in 1914 → 1967
$334
$100 in 1967 → 1914
$29.94
What happened to prices between 1914 and 1967
Between 1914 and 1967, the Consumer Price Index went from 10 to 33.4.
Cumulatively, prices increased 234.0%, which works out to an average of
2.30% per year. Put differently, a dollar in 1914 bought what
$0.30 buys in 1967: the 1914 dollar
lost 70.1% of its purchasing power over
these 53 years.
Consumer prices barely moved in 1914, rising just 1.0% for the year, even as
the country’s financial plumbing was rebuilt from the ground up. The Federal
Reserve Banks, created by the Federal Reserve Act signed the previous
December, opened their doors on November 16, giving the U.S. a central bank
for the first time since the 1830s. Weeks earlier, the outbreak of war in
Europe had spooked the New York Stock Exchange into closing for more than
four months, the longest shutdown in its history, as officials worried
European investors would dump American securities for gold. Domestically, the
bigger story was labor: Henry Ford’s decision to pay factory workers $5 a
day, announced in January, roughly doubled wages on his assembly lines and
pushed other manufacturers to raise pay just to keep workers from leaving. A
first-class stamp still cost 2 cents, a price that had held since 1885 and
would keep holding for three more years, even as the war reshaping Europe
began pulling the American economy toward the sustained wartime inflation of
1917.
Every 1914 amount converts to 1967 at the same ratio, 3.34: $1,000 becomes
$3,340, and $10,000 becomes $33,400.
Amount in 1914
Value in 1967
$1.00
$3.34
$5.00
$16.70
$10.00
$33.40
$20.00
$66.80
$50.00
$167
$100
$334
$500
$1,670
$1,000
$3,340
$5,000
$16,700
$10,000
$33,400
$100,000
$334,000
$1,000,000
$3,340,000
Inflation by spending category, 1914–1967
Between 1914 and 1967, apparel rose the most, up 240.0%, while food rose the least, up 234.3%, against 234.0% for all items. The headline number is an average; here is what $100 of 1914
spending costs in 1967, by category:
Category
Avg. yearly inflation
$100 in 1914 →
All items (CPI-U)
2.30%
$334
Apparel
2.34%
$340
Food
2.30%
$334
Not shown because the BLS began these indexes after 1914: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), medical care (1935–), transportation (1935–), recreation (1993–), education & communication (1993–).
Decade by decade: 1914 to 1967
Prices climbed fastest in the 1910s, averaging 12.25% a year, and fell in the 1920s (1.8% a year). Each step below chains into the full 1914–1967 change:
Years
Avg. yearly inflation
Price change
$100 from 1914, at end
1914–1920
12.25%
100.0%
$200
1920–1930
-1.79%
-16.5%
$167
1930–1940
-1.75%
-16.2%
$140
1940–1950
5.58%
72.1%
$241
1950–1960
2.08%
22.8%
$296
1960–1967
1.74%
12.8%
$334
Year by year: CPI and the value of $100 from 1914
$100 from 1914 had already become $140 by
1940, on its way to $334 in 1967; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 18.0% in 1918, and prices fell 10.5% in 1921, the deepest deflation of the period.
Long periods are sampled every 2 years; the calculator above covers any pair of years.
The destination year: 1967
In 1967, prices rose 3.1% and $100 from 1914 had the buying
power of $334; the year's average CPI of 33.4 is the level
behind every 1967 figure on this page.
Consumer prices rose 3.1% in 1967, up from 1966’s 2.9% as
Vietnam War spending kept climbing alongside expanding Great Society
programs, a combination of rising military and domestic outlays that
economists later blamed for entrenching inflation through the rest of the
decade. The minimum wage rose that February 1, to $1.40 an hour, the
first step of a phased increase Congress had set the year before. Urban
unrest reached a peak that July, when days of rioting left 26 dead in
Newark and 43 dead in Detroit, the deadliest of that summer’s roughly 160
disturbances; Johnson responded by forming the Kerner Commission to study
the causes of the unrest. The Supreme Court gained its first Black
justice that year too: the Senate confirmed Thurgood Marshall on August
30, and he was sworn in that October after serving as U.S. Solicitor
General and, before that, as the lead attorney in Brown v. Board of
Education. Consumer prices finished 1967 237.4% above their
1913 level. First-class postage held at 5 cents.
MLA: “Inflation from 1914 to 1967: $100 is worth $334 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1914-to-1967/
APA: InflationCalculator.com. Inflation from 1914 to 1967. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1914-to-1967/