$100 in 1963 is worth $109 in 1967,
because prices increased 9.2% over that period, an average of
2.21% a year.
$100 in 1963 has
the same buying power as
$109
in 1967
Detailed inflation statistics
Cumulative price change
9.2%
Average inflation rate
2.21% per year
Converted amount ($100 base)
$109
Price difference ($100 base)
$9.15
CPI in 1963
30.6
CPI in 1967
33.4
Inflation in 1963
1.32%
Inflation in 1967
3.09%
$100 in 1963 → 1967
$109
$100 in 1967 → 1963
$91.62
What happened to prices between 1963 and 1967
Between 1963 and 1967, the Consumer Price Index went from 30.6 to 33.4.
Cumulatively, prices increased 9.2%, which works out to an average of
2.21% per year. Put differently, a dollar in 1963 bought what
$0.92 buys in 1967: the 1963 dollar
lost 8.4% of its purchasing power over
these 4 years.
Consumer prices rose 1.3% in 1963, up slightly from 1962’s
1.0% as the expansion entered its third year with inflation still low,
conditions that gave Kennedy room to push the large tax cut he had
proposed to Congress. The cost of a first-class stamp rose that January
7, to 5 cents from 4 cents, the first postal rate change since 1958. That
August 28, Martin Luther King Jr. delivered his “I Have a Dream” speech
from the steps of the Lincoln Memorial to a quarter million people
gathered for the March on Washington, building pressure on Congress to
pass the civil rights bill Kennedy had proposed that June. The year ended
in tragedy: Kennedy was assassinated while riding in a motorcade through
Dallas on November 22, and Lyndon B. Johnson was sworn in aboard Air Force
One that same afternoon. Johnson would spend the following year pushing
Kennedy’s stalled tax and civil rights agenda through Congress. The
minimum wage rose again that September, to $1.25 an hour, the second step
of the phased increase set two years earlier. Consumer prices finished
1963 209.1% above their 1913 level.
Every 1963 amount converts to 1967 at the same ratio, 1.09: $1,000 becomes
$1,092, and $10,000 becomes $10,915.
Amount in 1963
Value in 1967
$1.00
$1.09
$5.00
$5.46
$10.00
$10.92
$20.00
$21.83
$50.00
$54.58
$100
$109
$500
$546
$1,000
$1,092
$5,000
$5,458
$10,000
$10,915
$100,000
$109,150
$1,000,000
$1,091,503
Inflation by spending category, 1963–1967
Between 1963 and 1967, medical care rose the most, up 17.0%, while energy rose the least, up 5.3%, against 9.2% for all items. The headline number is an average; here is what $100 of 1963
spending costs in 1967, by category:
Category
Avg. yearly inflation
$100 in 1963 →
All items (CPI-U)
2.21%
$109
Medical care
4.01%
$117
Food
2.33%
$110
Core (all items less food & energy)
2.21%
$109
Apparel
2.12%
$109
Transportation
1.89%
$108
Energy
1.30%
$105
Not shown because the BLS began these indexes after 1963: housing (1967–), recreation (1993–), education & communication (1993–).
Year by year: CPI and the value of $100 from 1963
$100 from 1963 had already become $103 by
1965, on its way to $109 in 1967; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 3.1% in 1967, and the smallest rise was 1.3% in 1964.
In 1967, prices rose 3.1% and $100 from 1963 had the buying
power of $109; the year's average CPI of 33.4 is the level
behind every 1967 figure on this page.
Consumer prices rose 3.1% in 1967, up from 1966’s 2.9% as
Vietnam War spending kept climbing alongside expanding Great Society
programs, a combination of rising military and domestic outlays that
economists later blamed for entrenching inflation through the rest of the
decade. The minimum wage rose that February 1, to $1.40 an hour, the
first step of a phased increase Congress had set the year before. Urban
unrest reached a peak that July, when days of rioting left 26 dead in
Newark and 43 dead in Detroit, the deadliest of that summer’s roughly 160
disturbances; Johnson responded by forming the Kerner Commission to study
the causes of the unrest. The Supreme Court gained its first Black
justice that year too: the Senate confirmed Thurgood Marshall on August
30, and he was sworn in that October after serving as U.S. Solicitor
General and, before that, as the lead attorney in Brown v. Board of
Education. Consumer prices finished 1967 237.4% above their
1913 level. First-class postage held at 5 cents.
MLA: “Inflation from 1963 to 1967: $100 is worth $109 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1963-to-1967/
APA: InflationCalculator.com. Inflation from 1963 to 1967. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1963-to-1967/