U.S. inflation · 1962–2024
$100 in 1962 has the same buying power as
$1,039
in 2024
| Cumulative price change | 938.7% |
|---|---|
| Average inflation rate | 3.85% per year |
| Converted amount ($100 base) | $1,039 |
| Price difference ($100 base) | $939 |
| CPI in 1962 | 30.2 |
| CPI in 2024 | 313.689 |
| Inflation in 1962 | 1.00% |
| Inflation in 2024 | 2.95% |
| $100 in 1962 → 2024 | $1,039 |
| $100 in 2024 → 1962 | $9.63 |
Between 1962 and 2024, the Consumer Price Index went from 30.2 to 313.689. Cumulatively, prices increased 938.7%, which works out to an average of 3.85% per year. Put differently, a dollar in 1962 bought what $0.10 buys in 2024.
| Amount in 1962 | Value in 2024 |
|---|---|
| $1.00 | $10.39 |
| $5.00 | $51.94 |
| $10.00 | $104 |
| $20.00 | $208 |
| $50.00 | $519 |
| $100 | $1,039 |
| $500 | $5,194 |
| $1,000 | $10,387 |
| $5,000 | $51,935 |
| $10,000 | $103,871 |
| $100,000 | $1,038,705 |
| $1,000,000 | $10,387,053 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1962 spending costs in 2024, by category:
| Category | Avg. yearly inflation | $100 in 1962 → |
|---|---|---|
| All items (CPI-U) | 3.85% | $1,039 |
| Medical care | 5.26% | $2,399 |
| Energy | 4.14% | $1,237 |
| Food | 3.91% | $1,079 |
| Core (all items less food & energy) | 3.81% | $1,016 |
| Transportation | 3.57% | $879 |
| Apparel | 1.70% | $284 |
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 |
| 2024 | 313.689 | 2.9% | $1,039 |
Long periods are sampled every 5 years; the calculator above covers any pair of years.
MLA: “Inflation from 1962 to 2024: $100 is worth $1,039 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1962-to-2024/
APA: InflationCalculator.com. Inflation from 1962 to 2024. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1962-to-2024/
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.