Between 1962 and 1982, the Consumer Price Index went from 30.2 to 96.5.
Cumulatively, prices increased 219.5%, which works out to an average of
5.98% per year. Put differently, a dollar in 1962 bought what
$0.31 buys in 1982.
Common amounts: 1962 dollars in 1982
Amount in 1962
Value in 1982
$1.00
$3.20
$5.00
$15.98
$10.00
$31.95
$20.00
$63.91
$50.00
$160
$100
$320
$500
$1,598
$1,000
$3,195
$5,000
$15,977
$10,000
$31,954
$100,000
$319,536
$1,000,000
$3,195,364
Inflation by spending category, 1962–1982
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1962 spending costs in 1982, by category:
Category
Avg. yearly inflation
$100 in 1962 →
All items (CPI-U)
5.98%
$320
Energy
7.68%
$439
Medical care
7.09%
$394
Food
5.96%
$318
Transportation
5.90%
$315
Core (all items less food & energy)
5.74%
$305
Apparel
3.81%
$211
Not shown because the BLS began these indexes after 1962: housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1962 to 1982: $100 is worth $320 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1962-to-1982/
APA: InflationCalculator.com. Inflation from 1962 to 1982. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1962-to-1982/