Between 1964 and 1968, the Consumer Price Index went from 31 to 34.8.
Cumulatively, prices increased 12.3%, which works out to an average of
2.93% per year. Put differently, a dollar in 1964 bought what
$0.89 buys in 1968.
Common amounts: 1964 dollars in 1968
Amount in 1964
Value in 1968
$1.00
$1.12
$5.00
$5.61
$10.00
$11.23
$20.00
$22.45
$50.00
$56.13
$100
$112
$500
$561
$1,000
$1,123
$5,000
$5,613
$10,000
$11,226
$100,000
$112,258
$1,000,000
$1,122,581
Inflation by spending category, 1964–1968
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1964 spending costs in 1968, by category:
Category
Avg. yearly inflation
$100 in 1964 →
All items (CPI-U)
2.93%
$112
Medical care
5.00%
$122
Apparel
3.22%
$114
Core (all items less food & energy)
2.96%
$112
Food
2.89%
$112
Transportation
2.23%
$109
Energy
1.84%
$108
Not shown because the BLS began these indexes after 1964: housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1964 to 1968: $100 is worth $112 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1964-to-1968/
APA: InflationCalculator.com. Inflation from 1964 to 1968. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1964-to-1968/