Between 1962 and 1975, the Consumer Price Index went from 30.2 to 53.8.
Cumulatively, prices increased 78.1%, which works out to an average of
4.54% per year. Put differently, a dollar in 1962 bought what
$0.56 buys in 1975.
Common amounts: 1962 dollars in 1975
Amount in 1962
Value in 1975
$1.00
$1.78
$5.00
$8.91
$10.00
$17.81
$20.00
$35.63
$50.00
$89.07
$100
$178
$500
$891
$1,000
$1,781
$5,000
$8,907
$10,000
$17,815
$100,000
$178,146
$1,000,000
$1,781,457
Inflation by spending category, 1962–1975
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1962 spending costs in 1975, by category:
Category
Avg. yearly inflation
$100 in 1962 →
All items (CPI-U)
4.54%
$178
Medical care
5.56%
$202
Food
5.29%
$195
Energy
4.90%
$186
Core (all items less food & energy)
4.24%
$172
Transportation
3.81%
$163
Apparel
3.51%
$157
Not shown because the BLS began these indexes after 1962: housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1962 to 1975: $100 is worth $178 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1962-to-1975/
APA: InflationCalculator.com. Inflation from 1962 to 1975. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1962-to-1975/