$100 in 1922 is worth $199 in 1967,
because prices increased 98.8% over that period, an average of
1.54% a year.
$100 in 1922 has
the same buying power as
$199
in 1967
Detailed inflation statistics
Cumulative price change
98.8%
Average inflation rate
1.54% per year
Converted amount ($100 base)
$199
Price difference ($100 base)
$98.81
CPI in 1922
16.8
CPI in 1967
33.4
Inflation in 1922
-6.15%
Inflation in 1967
3.09%
$100 in 1922 → 1967
$199
$100 in 1967 → 1922
$50.30
What happened to prices between 1922 and 1967
Between 1922 and 1967, the Consumer Price Index went from 16.8 to 33.4.
Cumulatively, prices increased 98.8%, which works out to an average of
1.54% per year. Put differently, a dollar in 1922 bought what
$0.50 buys in 1967: the 1922 dollar
lost 49.7% of its purchasing power over
these 45 years.
Consumer prices fell another 6.1% in 1922, the second straight year of
decline, even as the broader economy climbed out of the Depression of
1920-21 and industrial production rebounded. The CPI had now given back
roughly a third of its wartime runup, though it stayed well above the
1913 baseline. Congress moved to shield that recovery from
foreign competition: the Fordney-McCumber Tariff Act, signed September 21,
raised duties on hundreds of imported goods to some of the highest levels in
U.S. history, a policy meant to protect farmers and manufacturers still
adjusting to postwar prices. Labor tension flared even as prices fell.
Roughly half a million bituminous coal miners struck that April over wage
cuts employers had imposed as prices dropped, and hundreds of thousands of
railroad shop workers walked out in July in a separate dispute over pay and
work rules, together the largest strike wave since 1919. Both disputes
dragged on for months and drew federal mediation before ending without full
concessions for the workers. First-class postage remained at 2 cents.
Every 1922 amount converts to 1967 at the same ratio, 1.99: $1,000 becomes
$1,988, and $10,000 becomes $19,881.
Amount in 1922
Value in 1967
$1.00
$1.99
$5.00
$9.94
$10.00
$19.88
$20.00
$39.76
$50.00
$99.40
$100
$199
$500
$994
$1,000
$1,988
$5,000
$9,940
$10,000
$19,881
$100,000
$198,810
$1,000,000
$1,988,095
Inflation by spending category, 1922–1967
Between 1922 and 1967, food rose the most, up 128.9%, while apparel rose the least, up 88.9%, against 98.8% for all items. The headline number is an average; here is what $100 of 1922
spending costs in 1967, by category:
Category
Avg. yearly inflation
$100 in 1922 →
All items (CPI-U)
1.54%
$199
Food
1.86%
$229
Apparel
1.42%
$189
Not shown because the BLS began these indexes after 1922: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), medical care (1935–), transportation (1935–), recreation (1993–), education & communication (1993–).
Decade by decade: 1922 to 1967
Prices climbed fastest in the 1940s, averaging 5.58% a year, and fell in the 1930s (1.7% a year). Each step below chains into the full 1922–1967 change:
Years
Avg. yearly inflation
Price change
$100 from 1922, at end
1922–1930
-0.07%
-0.6%
$99.40
1930–1940
-1.75%
-16.2%
$83.33
1940–1950
5.58%
72.1%
$143
1950–1960
2.08%
22.8%
$176
1960–1967
1.74%
12.8%
$199
Year by year: CPI and the value of $100 from 1922
$100 from 1922 had already become $105 by
1944, on its way to $199 in 1967; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 14.4% in 1947, and prices fell 9.9% in 1932, 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 1922 had the buying
power of $199; 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 1922 to 1967: $100 is worth $199 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1922-to-1967/
APA: InflationCalculator.com. Inflation from 1922 to 1967. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1922-to-1967/