$100 in 1962 is worth $969 in 2022,
because prices increased 869.1% over that period, an average of
3.86% a year.
$100 in 1962 has
the same buying power as
$969
in 2022
Detailed inflation statistics
Cumulative price change
869.1%
Average inflation rate
3.86% per year
Converted amount ($100 base)
$969
Price difference ($100 base)
$869
CPI in 1962
30.2
CPI in 2022
292.655
Inflation in 1962
1.00%
Inflation in 2022
8.00%
$100 in 1962 → 2022
$969
$100 in 2022 → 1962
$10.32
What happened to prices between 1962 and 2022
Between 1962 and 2022, the Consumer Price Index went from 30.2 to 292.655.
Cumulatively, prices increased 869.1%, which works out to an average of
3.86% per year. Put differently, a dollar in 1962 bought what
$0.10 buys in 2022: the 1962 dollar
lost 89.7% of its purchasing power over
these 60 years.
Consumer prices rose 1.0% in 1962, matching 1961’s pace as
inflation stayed remarkably low and unemployment slowly declined from its
recession-era highs. That January, Kennedy’s Council of Economic Advisers
introduced “wage-price guideposts,” non-binding targets meant to keep pay
and price increases in line with productivity growth without formal
controls. The space race delivered a milestone that February, when John
Glenn’s Friendship 7 capsule circled Earth three times, making him the
first American to orbit the planet. Markets got a scare that spring: a
dispute over U.S. Steel’s April price increase, which Kennedy publicly
pressured the company into rolling back, rattled investors, and the Dow
Jones Industrial Average fell about 5.7% on May 28, its steepest one-day
drop since the 1929 crash. The year’s gravest moment came that October,
when American reconnaissance photographed Soviet nuclear missiles in
Cuba, setting off a 13-day standoff that brought the two superpowers
closer to nuclear war than at any other point in the Cold War before the
Soviet Union agreed to remove the missiles in exchange for a U.S. pledge
not to invade the island. Consumer prices finished 1962 205.1% above their
1913 level. First-class postage held at 4 cents, and the
minimum wage stayed at $1.15 an hour.
Every 1962 amount converts to 2022 at the same ratio, 9.69: $1,000 becomes
$9,691, and $10,000 becomes $96,906.
Amount in 1962
Value in 2022
$1.00
$9.69
$5.00
$48.45
$10.00
$96.91
$20.00
$194
$50.00
$485
$100
$969
$500
$4,845
$1,000
$9,691
$5,000
$48,453
$10,000
$96,906
$100,000
$969,056
$1,000,000
$9,690,563
Inflation by spending category, 1962–2022
Between 1962 and 2022, medical care rose the most, up 2225.8%, while apparel rose the least, up 174.5%, against 869.1% for all items. The headline number is an average; here is what $100 of 1962
spending costs in 2022, by category:
Category
Avg. yearly inflation
$100 in 1962 →
All items (CPI-U)
3.86%
$969
Medical care
5.38%
$2,326
Energy
4.39%
$1,320
Food
3.91%
$998
Core (all items less food & energy)
3.80%
$937
Transportation
3.66%
$865
Apparel
1.70%
$274
Not shown because the BLS began these indexes after 1962: housing (1967–), recreation (1993–), education & communication (1993–).
Decade by decade: 1962 to 2022
Prices climbed fastest in the 1970s, averaging 7.82% a year, and slowest in the 2010s (1.73% a year). Each step below chains into the full 1962–2022 change:
Years
Avg. yearly inflation
Price change
$100 from 1962, at end
1962–1970
3.18%
28.5%
$128
1970–1980
7.82%
112.4%
$273
1980–1990
4.72%
58.6%
$433
1990–2000
2.80%
31.8%
$570
2000–2010
2.39%
26.6%
$722
2010–2020
1.73%
18.7%
$857
2020–2022
6.34%
13.1%
$969
Year by year: CPI and the value of $100 from 1962
$100 from 1962 had already become $465 by
1992, on its way to $969 in 2022; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 13.5% in 1980, and prices fell 0.4% in 2009, the deepest deflation of the period.
Long periods are sampled every 2 years; the calculator above covers any pair of years.
The destination year: 2022
In 2022, prices rose 8.0% and $100 from 1962 had the buying
power of $969; the year's average CPI of 292.655 is the level
behind every 2022 figure on this page.
2022 was the year inflation returned. Consumer prices rose 8.0% on average,
the worst since 1981, driven by pandemic-era supply chains, stimulus-fueled
demand, and an energy shock from the war in Ukraine. Gas briefly topped $5 a
gallon nationally for the first time ever, and “inflation” became the
top-ranked economic concern in nearly every poll of American households.
MLA: “Inflation from 1962 to 2022: $100 is worth $969 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1962-to-2022/
APA: InflationCalculator.com. Inflation from 1962 to 2022. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1962-to-2022/