$100 in 1963 is worth $678 in 2007,
because prices increased 577.6% over that period, an average of
4.44% a year.
$100 in 1963 has
the same buying power as
$678
in 2007
Detailed inflation statistics
Cumulative price change
577.6%
Average inflation rate
4.44% per year
Converted amount ($100 base)
$678
Price difference ($100 base)
$578
CPI in 1963
30.6
CPI in 2007
207.342
Inflation in 1963
1.32%
Inflation in 2007
2.85%
$100 in 1963 → 2007
$678
$100 in 2007 → 1963
$14.76
What happened to prices between 1963 and 2007
Between 1963 and 2007, the Consumer Price Index went from 30.6 to 207.342.
Cumulatively, prices increased 577.6%, which works out to an average of
4.44% per year. Put differently, a dollar in 1963 bought what
$0.15 buys in 2007: the 1963 dollar
lost 85.2% of its purchasing power over
these 44 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 2007 at the same ratio, 6.78: $1,000 becomes
$6,776, and $10,000 becomes $67,759.
Amount in 1963
Value in 2007
$1.00
$6.78
$5.00
$33.88
$10.00
$67.76
$20.00
$136
$50.00
$339
$100
$678
$500
$3,388
$1,000
$6,776
$5,000
$33,879
$10,000
$67,759
$100,000
$677,588
$1,000,000
$6,775,882
Inflation by spending category, 1963–2007
Between 1963 and 2007, medical care rose the most, up 1356.7%, while apparel rose the least, up 153.7%, against 577.6% for all items. The headline number is an average; here is what $100 of 1963
spending costs in 2007, by category:
Category
Avg. yearly inflation
$100 in 1963 →
All items (CPI-U)
4.44%
$678
Medical care
6.28%
$1,457
Energy
5.17%
$919
Core (all items less food & energy)
4.39%
$663
Food
4.35%
$652
Transportation
4.15%
$598
Apparel
2.14%
$254
Not shown because the BLS began these indexes after 1963: housing (1967–), recreation (1993–), education & communication (1993–).
Decade by decade: 1963 to 2007
Prices climbed fastest in the 1970s, averaging 7.82% a year, and slowest in the 2000s (2.69% a year). Each step below chains into the full 1963–2007 change:
Years
Avg. yearly inflation
Price change
$100 from 1963, at end
1963–1970
3.45%
26.8%
$127
1970–1980
7.82%
112.4%
$269
1980–1990
4.72%
58.6%
$427
1990–2000
2.80%
31.8%
$563
2000–2007
2.69%
20.4%
$678
Year by year: CPI and the value of $100 from 1963
$100 from 1963 had already become $352 by
1985, on its way to $678 in 2007; 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 the smallest rise was 1.3% in 1964.
Long periods are sampled every 2 years; the calculator above covers any pair of years.
The destination year: 2007
In 2007, prices rose 2.8% and $100 from 1963 had the buying
power of $678; the year's average CPI of 207.342 is the level
behind every 2007 figure on this page.
Inflation was 2.8% in 2007, with gasoline averaging $2.80 a gallon, but the year is better
known for what began underneath prices. In August, French bank BNP Paribas froze funds tied to
U.S. subprime mortgages, and credit between banks tightened. The Federal Reserve responded with
a half-point cut on September 18, its first in four years, and took the policy rate from 5.25% to
4.25% by December. The economy peaked that month, by the National Bureau of Economic Research’s
dating, and the Great Recession followed. The median household earned about $50,200, and the
median new home cost $247,900. Congress ended the decade-long freeze on the federal minimum wage
in May, with the first of three steps to $5.85 in July. A first-class stamp cost 41 cents.
MLA: “Inflation from 1963 to 2007: $100 is worth $678 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1963-to-2007/
APA: InflationCalculator.com. Inflation from 1963 to 2007. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1963-to-2007/