Between 1961 and 1963, the Consumer Price Index went from 29.9 to 30.6.
Cumulatively, prices increased 2.3%, which works out to an average of
1.16% per year. Put differently, a dollar in 1961 bought what
$0.98 buys in 1963.
Common amounts: 1961 dollars in 1963
Amount in 1961
Value in 1963
$1.00
$1.02
$5.00
$5.12
$10.00
$10.23
$20.00
$20.47
$50.00
$51.17
$100
$102
$500
$512
$1,000
$1,023
$5,000
$5,117
$10,000
$10,234
$100,000
$102,341
$1,000,000
$1,023,411
Inflation by spending category, 1961–1963
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1961 spending costs in 1963, by category:
Category
Avg. yearly inflation
$100 in 1961 →
All items (CPI-U)
1.16%
$102
Medical care
2.59%
$105
Transportation
1.32%
$103
Core (all items less food & energy)
1.28%
$103
Food
1.14%
$102
Apparel
0.86%
$102
Energy
0.22%
$100
Not shown because the BLS began these indexes after 1961: housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1961 to 1963: $100 is worth $102 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1961-to-1963/
APA: InflationCalculator.com. Inflation from 1961 to 1963. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1961-to-1963/