U.S. inflation · 1963–2023
$100 in 1963 has the same buying power as
$996
in 2023
| Cumulative price change | 895.8% |
|---|---|
| Average inflation rate | 3.90% per year |
| Converted amount ($100 base) | $996 |
| Price difference ($100 base) | $896 |
| CPI in 1963 | 30.6 |
| CPI in 2023 | 304.702 |
| Inflation in 1963 | 1.32% |
| Inflation in 2023 | 4.12% |
| $100 in 1963 → 2023 | $996 |
| $100 in 2023 → 1963 | $10.04 |
Between 1963 and 2023, the Consumer Price Index went from 30.6 to 304.702. Cumulatively, prices increased 895.8%, which works out to an average of 3.90% per year. Put differently, a dollar in 1963 bought what $0.10 buys in 2023.
| Amount in 1963 | Value in 2023 |
|---|---|
| $1.00 | $9.96 |
| $5.00 | $49.79 |
| $10.00 | $99.58 |
| $20.00 | $199 |
| $50.00 | $498 |
| $100 | $996 |
| $500 | $4,979 |
| $1,000 | $9,958 |
| $5,000 | $49,788 |
| $10,000 | $99,576 |
| $100,000 | $995,758 |
| $1,000,000 | $9,957,582 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1963 spending costs in 2023, by category:
| Category | Avg. yearly inflation | $100 in 1963 → |
|---|---|---|
| All items (CPI-U) | 3.90% | $996 |
| Medical care | 5.35% | $2,278 |
| Energy | 4.30% | $1,253 |
| Food | 3.98% | $1,038 |
| Core (all items less food & energy) | 3.86% | $970 |
| Transportation | 3.66% | $864 |
| Apparel | 1.72% | $278 |
Not shown because the BLS began these indexes after 1963: housing (1967–), recreation (1993–), education & communication (1993–).
| Year | CPI | Inflation rate | $100 from 1963 |
|---|---|---|---|
| 1963 | 30.6 | 1.3% | $100 |
| 1965 | 31.5 | 1.6% | $103 |
| 1967 | 33.4 | 3.1% | $109 |
| 1969 | 36.7 | 5.5% | $120 |
| 1971 | 40.5 | 4.4% | $132 |
| 1973 | 44.4 | 6.2% | $145 |
| 1975 | 53.8 | 9.1% | $176 |
| 1977 | 60.6 | 6.5% | $198 |
| 1979 | 72.6 | 11.3% | $237 |
| 1981 | 90.9 | 10.3% | $297 |
| 1983 | 99.6 | 3.2% | $325 |
| 1985 | 107.6 | 3.6% | $352 |
| 1987 | 113.6 | 3.6% | $371 |
| 1989 | 124 | 4.8% | $405 |
| 1991 | 136.2 | 4.2% | $445 |
| 1993 | 144.5 | 3.0% | $472 |
| 1995 | 152.4 | 2.8% | $498 |
| 1997 | 160.5 | 2.3% | $525 |
| 1999 | 166.6 | 2.2% | $544 |
| 2001 | 177.1 | 2.8% | $579 |
| 2003 | 184 | 2.3% | $601 |
| 2005 | 195.3 | 3.4% | $638 |
| 2007 | 207.342 | 2.8% | $678 |
| 2009 | 214.537 | -0.4% | $701 |
| 2011 | 224.939 | 3.2% | $735 |
| 2013 | 232.957 | 1.5% | $761 |
| 2015 | 237.017 | 0.1% | $775 |
| 2017 | 245.12 | 2.1% | $801 |
| 2019 | 255.657 | 1.8% | $835 |
| 2021 | 270.97 | 4.7% | $886 |
| 2023 | 304.702 | 4.1% | $996 |
Long periods are sampled every 2 years; the calculator above covers any pair of years.
MLA: “Inflation from 1963 to 2023: $100 is worth $996 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1963-to-2023/
APA: InflationCalculator.com. Inflation from 1963 to 2023. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1963-to-2023/
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.