Between 1962 and 1963, the Consumer Price Index went from 30.2 to 30.6.
Cumulatively, prices increased 1.3%, which works out to an average of
1.32% per year. Put differently, a dollar in 1962 bought what
$0.99 buys in 1963.
Common amounts: 1962 dollars in 1963
Amount in 1962
Value in 1963
$1.00
$1.01
$5.00
$5.07
$10.00
$10.13
$20.00
$20.26
$50.00
$50.66
$100
$101
$500
$507
$1,000
$1,013
$5,000
$5,066
$10,000
$10,132
$100,000
$101,325
$1,000,000
$1,013,245
Inflation by spending category, 1962–1963
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1962 spending costs in 1963, by category:
Category
Avg. yearly inflation
$100 in 1962 →
All items (CPI-U)
1.32%
$101
Medical care
2.55%
$103
Food
1.63%
$102
Apparel
1.30%
$101
Core (all items less food & energy)
1.27%
$101
Transportation
0.32%
$100
Energy
0.00%
$100
Not shown because the BLS began these indexes after 1962: housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1962 to 1963: $100 is worth $101 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1962-to-1963/
APA: InflationCalculator.com. Inflation from 1962 to 1963. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1962-to-1963/