Between 1962 and 1965, the Consumer Price Index went from 30.2 to 31.5.
Cumulatively, prices increased 4.3%, which works out to an average of
1.41% per year. Put differently, a dollar in 1962 bought what
$0.96 buys in 1965.
Common amounts: 1962 dollars in 1965
Amount in 1962
Value in 1965
$1.00
$1.04
$5.00
$5.22
$10.00
$10.43
$20.00
$20.86
$50.00
$52.15
$100
$104
$500
$522
$1,000
$1,043
$5,000
$5,215
$10,000
$10,430
$100,000
$104,305
$1,000,000
$1,043,046
Inflation by spending category, 1962–1965
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1962 spending costs in 1965, by category:
Category
Avg. yearly inflation
$100 in 1962 →
All items (CPI-U)
1.41%
$104
Medical care
2.36%
$107
Food
1.71%
$105
Core (all items less food & energy)
1.36%
$104
Transportation
1.18%
$104
Apparel
1.07%
$103
Energy
0.44%
$101
Not shown because the BLS began these indexes after 1962: housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1962 to 1965: $100 is worth $104 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1962-to-1965/
APA: InflationCalculator.com. Inflation from 1962 to 1965. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1962-to-1965/