Between 1962 and 1964, the Consumer Price Index went from 30.2 to 31.
Cumulatively, prices increased 2.6%, which works out to an average of
1.32% per year. Put differently, a dollar in 1962 bought what
$0.97 buys in 1964.
Common amounts: 1962 dollars in 1964
Amount in 1962
Value in 1964
$1.00
$1.03
$5.00
$5.13
$10.00
$10.26
$20.00
$20.53
$50.00
$51.32
$100
$103
$500
$513
$1,000
$1,026
$5,000
$5,132
$10,000
$10,265
$100,000
$102,649
$1,000,000
$1,026,490
Inflation by spending category, 1962–1964
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1962 spending costs in 1964, by category:
Category
Avg. yearly inflation
$100 in 1962 →
All items (CPI-U)
1.32%
$103
Medical care
2.31%
$105
Food
1.46%
$103
Core (all items less food & energy)
1.42%
$103
Apparel
1.07%
$102
Transportation
0.97%
$102
Energy
-0.22%
$99.56
Not shown because the BLS began these indexes after 1962: housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1962 to 1964: $100 is worth $103 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1962-to-1964/
APA: InflationCalculator.com. Inflation from 1962 to 1964. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1962-to-1964/