$100 in 1963 is worth $956 in 2022,
because prices increased 856.4% over that period, an average of
3.90% a year.
$100 in 1963 has
the same buying power as
$956
in 2022
Detailed inflation statistics
Cumulative price change
856.4%
Average inflation rate
3.90% per year
Converted amount ($100 base)
$956
Price difference ($100 base)
$856
CPI in 1963
30.6
CPI in 2022
292.655
Inflation in 1963
1.32%
Inflation in 2022
8.00%
$100 in 1963 → 2022
$956
$100 in 2022 → 1963
$10.46
What happened to prices between 1963 and 2022
Between 1963 and 2022, the Consumer Price Index went from 30.6 to 292.655.
Cumulatively, prices increased 856.4%, which works out to an average of
3.90% per year. Put differently, a dollar in 1963 bought what
$0.10 buys in 2022: the 1963 dollar
lost 89.5% of its purchasing power over
these 59 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 2022 at the same ratio, 9.56: $1,000 becomes
$9,564, and $10,000 becomes $95,639.
Amount in 1963
Value in 2022
$1.00
$9.56
$5.00
$47.82
$10.00
$95.64
$20.00
$191
$50.00
$478
$100
$956
$500
$4,782
$1,000
$9,564
$5,000
$47,819
$10,000
$95,639
$100,000
$956,389
$1,000,000
$9,563,889
Inflation by spending category, 1963–2022
Between 1963 and 2022, medical care rose the most, up 2167.9%, while apparel rose the least, up 171.0%, against 856.4% for all items. The headline number is an average; here is what $100 of 1963
spending costs in 2022, by category:
Category
Avg. yearly inflation
$100 in 1963 →
All items (CPI-U)
3.90%
$956
Medical care
5.43%
$2,268
Energy
4.47%
$1,320
Food
3.95%
$982
Core (all items less food & energy)
3.84%
$925
Transportation
3.72%
$862
Apparel
1.70%
$271
Not shown because the BLS began these indexes after 1963: housing (1967–), recreation (1993–), education & communication (1993–).
Decade by decade: 1963 to 2022
Prices climbed fastest in the 1970s, averaging 7.82% a year, and slowest in the 2010s (1.73% a year). Each step below chains into the full 1963–2022 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
2000–2010
2.39%
26.6%
$713
2010–2020
1.73%
18.7%
$846
2020–2022
6.34%
13.1%
$956
Year by year: CPI and the value of $100 from 1963
$100 from 1963 had already become $472 by
1993, on its way to $956 in 2022; 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 prices fell 0.4% in 2009, the deepest deflation of the period.
Long periods are sampled every 2 years; the calculator above covers any pair of years.
The destination year: 2022
In 2022, prices rose 8.0% and $100 from 1963 had the buying
power of $956; the year's average CPI of 292.655 is the level
behind every 2022 figure on this page.
2022 was the year inflation returned. Consumer prices rose 8.0% on average,
the worst since 1981, driven by pandemic-era supply chains, stimulus-fueled
demand, and an energy shock from the war in Ukraine. Gas briefly topped $5 a
gallon nationally for the first time ever, and “inflation” became the
top-ranked economic concern in nearly every poll of American households.
MLA: “Inflation from 1963 to 2022: $100 is worth $956 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1963-to-2022/
APA: InflationCalculator.com. Inflation from 1963 to 2022. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1963-to-2022/