Between 1964 and 1987, the Consumer Price Index went from 31 to 113.6.
Cumulatively, prices increased 266.5%, which works out to an average of
5.81% per year. Put differently, a dollar in 1964 bought what
$0.27 buys in 1987.
Common amounts: 1964 dollars in 1987
Amount in 1964
Value in 1987
$1.00
$3.66
$5.00
$18.32
$10.00
$36.65
$20.00
$73.29
$50.00
$183
$100
$366
$500
$1,832
$1,000
$3,665
$5,000
$18,323
$10,000
$36,645
$100,000
$366,452
$1,000,000
$3,664,516
Inflation by spending category, 1964–1987
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1964 spending costs in 1987, by category:
Category
Avg. yearly inflation
$100 in 1964 →
All items (CPI-U)
5.81%
$366
Medical care
7.51%
$529
Energy
6.14%
$394
Core (all items less food & energy)
5.80%
$366
Food
5.73%
$360
Transportation
5.41%
$336
Apparel
3.76%
$234
Not shown because the BLS began these indexes after 1964: housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1964 to 1987: $100 is worth $366 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1964-to-1987/
APA: InflationCalculator.com. Inflation from 1964 to 1987. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1964-to-1987/