Between 1962 and 1987, the Consumer Price Index went from 30.2 to 113.6.
Cumulatively, prices increased 276.2%, which works out to an average of
5.44% per year. Put differently, a dollar in 1962 bought what
$0.27 buys in 1987.
Common amounts: 1962 dollars in 1987
Amount in 1962
Value in 1987
$1.00
$3.76
$5.00
$18.81
$10.00
$37.62
$20.00
$75.23
$50.00
$188
$100
$376
$500
$1,881
$1,000
$3,762
$5,000
$18,808
$10,000
$37,616
$100,000
$376,159
$1,000,000
$3,761,589
Inflation by spending category, 1962–1987
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1962 spending costs in 1987, by category:
Category
Avg. yearly inflation
$100 in 1962 →
All items (CPI-U)
5.44%
$376
Medical care
7.08%
$554
Energy
5.62%
$392
Core (all items less food & energy)
5.45%
$376
Food
5.38%
$371
Transportation
5.04%
$342
Apparel
3.54%
$239
Not shown because the BLS began these indexes after 1962: housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1962 to 1987: $100 is worth $376 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1962-to-1987/
APA: InflationCalculator.com. Inflation from 1962 to 1987. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1962-to-1987/