$100 in 1963 is worth $1,025 in 2024,
because prices increased 925.1% over that period, an average of
3.89% a year.
$100 in 1963 has
the same buying power as
$1,025
in 2024
Detailed inflation statistics
Cumulative price change
925.1%
Average inflation rate
3.89% per year
Converted amount ($100 base)
$1,025
Price difference ($100 base)
$925
CPI in 1963
30.6
CPI in 2024
313.689
Inflation in 1963
1.32%
Inflation in 2024
2.95%
$100 in 1963 → 2024
$1,025
$100 in 2024 → 1963
$9.75
What happened to prices between 1963 and 2024
Between 1963 and 2024, the Consumer Price Index went from 30.6 to 313.689.
Cumulatively, prices increased 925.1%, which works out to an average of
3.89% per year. Put differently, a dollar in 1963 bought what
$0.10 buys in 2024: the 1963 dollar
lost 90.2% of its purchasing power over
these 61 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 2024 at the same ratio, 10.25: $1,000 becomes
$10,251, and $10,000 becomes $102,513.
Amount in 1963
Value in 2024
$1.00
$10.25
$5.00
$51.26
$10.00
$103
$20.00
$205
$50.00
$513
$100
$1,025
$500
$5,126
$1,000
$10,251
$5,000
$51,256
$10,000
$102,513
$100,000
$1,025,127
$1,000,000
$10,251,275
Inflation by spending category, 1963–2024
Between 1963 and 2024, medical care rose the most, up 2239.6%, while apparel rose the least, up 180.3%, against 925.1% for all items. The headline number is an average; here is what $100 of 1963
spending costs in 2024, by category:
Category
Avg. yearly inflation
$100 in 1963 →
All items (CPI-U)
3.89%
$1,025
Medical care
5.30%
$2,340
Energy
4.21%
$1,237
Food
3.95%
$1,062
Core (all items less food & energy)
3.85%
$1,003
Transportation
3.62%
$876
Apparel
1.70%
$280
Not shown because the BLS began these indexes after 1963: housing (1967–), recreation (1993–), education & communication (1993–).
Decade by decade: 1963 to 2024
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 1963–2024 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
2020–2024
4.93%
21.2%
$1,025
Year by year: CPI and the value of $100 from 1963
$100 from 1963 had already become $472 by
1993, on its way to $1,025 in 2024; 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 5 years; the calculator above covers any pair of years.
The destination year: 2024
In 2024, prices rose 2.9% and $100 from 1963 had the buying
power of $1,025; the year's average CPI of 313.689 is the level
behind every 2024 figure on this page.
2024 brought inflation close to normal without fully reaching it. Consumer
prices rose 2.9% on average, the smallest yearly increase since 2020, and the
December-to-December rate was also 2.9%. Gasoline averaged $3.30 a gallon,
below 2023’s $3.52. Shelter stayed the biggest driver of the index, so the
pace of price growth in categories that households can’t easily avoid, such as
rent and insurance, lagged the drop in goods and energy costs.
The Federal Reserve declared progress in September, cutting its policy rate
by half a point, the first reduction since the pandemic emergency, and then
by a quarter point in November and again in December. Mortgage rates near 7%
kept the housing market frozen for many would-be buyers.
Median household income was $83,730, the federal minimum wage stayed at $7.25,
and a first-class stamp rose to 73 cents in July. After the November election,
attention turned to how announced tariffs and tax policy might affect prices
in 2025.
MLA: “Inflation from 1963 to 2024: $100 is worth $1,025 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1963-to-2024/
APA: InflationCalculator.com. Inflation from 1963 to 2024. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1963-to-2024/