Between 1962 and 1989, the Consumer Price Index went from 30.2 to 124.
Cumulatively, prices increased 310.6%, which works out to an average of
5.37% per year. Put differently, a dollar in 1962 bought what
$0.24 buys in 1989.
Common amounts: 1962 dollars in 1989
Amount in 1962
Value in 1989
$1.00
$4.11
$5.00
$20.53
$10.00
$41.06
$20.00
$82.12
$50.00
$205
$100
$411
$500
$2,053
$1,000
$4,106
$5,000
$20,530
$10,000
$41,060
$100,000
$410,596
$1,000,000
$4,105,960
Inflation by spending category, 1962–1989
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1962 spending costs in 1989, by category:
Category
Avg. yearly inflation
$100 in 1962 →
All items (CPI-U)
5.37%
$411
Medical care
7.09%
$635
Energy
5.43%
$417
Core (all items less food & energy)
5.37%
$411
Food
5.35%
$409
Transportation
4.97%
$370
Apparel
3.55%
$256
Not shown because the BLS began these indexes after 1962: housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1962 to 1989: $100 is worth $411 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1962-to-1989/
APA: InflationCalculator.com. Inflation from 1962 to 1989. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1962-to-1989/