Between 1963 and 1971, the Consumer Price Index went from 30.6 to 40.5.
Cumulatively, prices increased 32.4%, which works out to an average of
3.57% per year. Put differently, a dollar in 1963 bought what
$0.76 buys in 1971.
Common amounts: 1963 dollars in 1971
Amount in 1963
Value in 1971
$1.00
$1.32
$5.00
$6.62
$10.00
$13.24
$20.00
$26.47
$50.00
$66.18
$100
$132
$500
$662
$1,000
$1,324
$5,000
$6,618
$10,000
$13,235
$100,000
$132,353
$1,000,000
$1,323,529
Inflation by spending category, 1963–1971
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1963 spending costs in 1971, by category:
Category
Avg. yearly inflation
$100 in 1963 →
All items (CPI-U)
3.57%
$132
Medical care
5.18%
$150
Core (all items less food & energy)
3.75%
$134
Apparel
3.36%
$130
Food
3.32%
$130
Transportation
3.12%
$128
Energy
2.01%
$117
Not shown because the BLS began these indexes after 1963: housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1963 to 1971: $100 is worth $132 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1963-to-1971/
APA: InflationCalculator.com. Inflation from 1963 to 1971. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1963-to-1971/