U.S. inflation · 1962–2023
$100 in 1962 has the same buying power as
$1,009
in 2023
| Cumulative price change | 908.9% |
|---|---|
| Average inflation rate | 3.86% per year |
| Converted amount ($100 base) | $1,009 |
| Price difference ($100 base) | $909 |
| CPI in 1962 | 30.2 |
| CPI in 2023 | 304.702 |
| Inflation in 1962 | 1.00% |
| Inflation in 2023 | 4.12% |
| $100 in 1962 → 2023 | $1,009 |
| $100 in 2023 → 1962 | $9.91 |
Between 1962 and 2023, the Consumer Price Index went from 30.2 to 304.702. Cumulatively, prices increased 908.9%, which works out to an average of 3.86% per year. Put differently, a dollar in 1962 bought what $0.10 buys in 2023.
| Amount in 1962 | Value in 2023 |
|---|---|
| $1.00 | $10.09 |
| $5.00 | $50.45 |
| $10.00 | $101 |
| $20.00 | $202 |
| $50.00 | $504 |
| $100 | $1,009 |
| $500 | $5,045 |
| $1,000 | $10,089 |
| $5,000 | $50,447 |
| $10,000 | $100,895 |
| $100,000 | $1,008,947 |
| $1,000,000 | $10,089,470 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1962 spending costs in 2023, by category:
| Category | Avg. yearly inflation | $100 in 1962 → |
|---|---|---|
| All items (CPI-U) | 3.86% | $1,009 |
| Medical care | 5.30% | $2,337 |
| Energy | 4.23% | $1,253 |
| Food | 3.94% | $1,055 |
| Core (all items less food & energy) | 3.82% | $982 |
| Transportation | 3.60% | $867 |
| Apparel | 1.71% | $282 |
Not shown because the BLS began these indexes after 1962: housing (1967–), recreation (1993–), education & communication (1993–).
| Year | CPI | Inflation rate | $100 from 1962 |
|---|---|---|---|
| 1962 | 30.2 | 1.0% | $100 |
| 1967 | 33.4 | 3.1% | $111 |
| 1972 | 41.8 | 3.2% | $138 |
| 1977 | 60.6 | 6.5% | $201 |
| 1982 | 96.5 | 6.2% | $320 |
| 1987 | 113.6 | 3.6% | $376 |
| 1992 | 140.3 | 3.0% | $465 |
| 1997 | 160.5 | 2.3% | $531 |
| 2002 | 179.9 | 1.6% | $596 |
| 2007 | 207.342 | 2.8% | $687 |
| 2012 | 229.594 | 2.1% | $760 |
| 2017 | 245.12 | 2.1% | $812 |
| 2022 | 292.655 | 8.0% | $969 |
| 2023 | 304.702 | 4.1% | $1,009 |
Long periods are sampled every 5 years; the calculator above covers any pair of years.
MLA: “Inflation from 1962 to 2023: $100 is worth $1,009 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1962-to-2023/
APA: InflationCalculator.com. Inflation from 1962 to 2023. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1962-to-2023/
Source: U.S. Bureau of Labor Statistics, CPI-U annual averages (series CUUR0000SA0; category indexes listed on the data sources page). See how these numbers are calculated.