$100 in 1964 is worth $669 in 2007,
because prices increased 568.8% over that period, an average of
4.52% a year.
$100 in 1964 has
the same buying power as
$669
in 2007
Detailed inflation statistics
Cumulative price change
568.8%
Average inflation rate
4.52% per year
Converted amount ($100 base)
$669
Price difference ($100 base)
$569
CPI in 1964
31
CPI in 2007
207.342
Inflation in 1964
1.31%
Inflation in 2007
2.85%
$100 in 1964 → 2007
$669
$100 in 2007 → 1964
$14.95
What happened to prices between 1964 and 2007
Between 1964 and 2007, the Consumer Price Index went from 31 to 207.342.
Cumulatively, prices increased 568.8%, which works out to an average of
4.52% per year. Put differently, a dollar in 1964 bought what
$0.15 buys in 2007: the 1964 dollar
lost 85.0% of its purchasing power over
these 43 years.
Consumer prices rose 1.3% in 1964, matching 1963’s pace
even as a large federal tax cut took effect that year. The Revenue Act of
1964, signed February 26, lowered individual and corporate tax rates
significantly, the cut Kennedy had proposed the year before his death and
Johnson pushed through Congress as a Keynesian bet that lower taxes would
spur enough growth without stoking prices. Congress reshaped civil rights
law that July 2, when the Civil Rights Act of 1964 outlawed discrimination
based on race, color, religion, sex, and national origin in employment
and public accommodations, the most sweeping civil rights legislation
since Reconstruction. Vietnam policy shifted that August, when Congress
passed the Gulf of Tonkin Resolution after reported attacks on U.S. Navy
destroyers, authorizing Johnson to use military force in Vietnam without
a formal declaration of war. American pop culture changed that February
too: the Beatles landed at New York’s Kennedy Airport and played the Ed
Sullivan Show two days later for an estimated 73 million viewers,
igniting the “British Invasion.” Consumer prices finished 1964 213.1%
above their 1913 level. First-class postage held at 5
cents, and the minimum wage stayed at $1.25 an hour.
Every 1964 amount converts to 2007 at the same ratio, 6.69: $1,000 becomes
$6,688, and $10,000 becomes $66,885.
Amount in 1964
Value in 2007
$1.00
$6.69
$5.00
$33.44
$10.00
$66.88
$20.00
$134
$50.00
$334
$100
$669
$500
$3,344
$1,000
$6,688
$5,000
$33,442
$10,000
$66,885
$100,000
$668,845
$1,000,000
$6,688,452
Inflation by spending category, 1964–2007
Between 1964 and 2007, medical care rose the most, up 1327.0%, while apparel rose the least, up 151.6%, against 568.8% for all items. The headline number is an average; here is what $100 of 1964
spending costs in 2007, by category:
Category
Avg. yearly inflation
$100 in 1964 →
All items (CPI-U)
4.52%
$669
Medical care
6.38%
$1,427
Energy
5.30%
$923
Core (all items less food & energy)
4.46%
$652
Food
4.43%
$644
Transportation
4.21%
$588
Apparel
2.17%
$252
Not shown because the BLS began these indexes after 1964: housing (1967–), recreation (1993–), education & communication (1993–).
Decade by decade: 1964 to 2007
Prices climbed fastest in the 1970s, averaging 7.82% a year, and slowest in the 2000s (2.69% a year). Each step below chains into the full 1964–2007 change:
Years
Avg. yearly inflation
Price change
$100 from 1964, at end
1964–1970
3.81%
25.2%
$125
1970–1980
7.82%
112.4%
$266
1980–1990
4.72%
58.6%
$422
1990–2000
2.80%
31.8%
$555
2000–2007
2.69%
20.4%
$669
Year by year: CPI and the value of $100 from 1964
$100 from 1964 had already become $354 by
1986, on its way to $669 in 2007; 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 the smallest rise was 1.6% in 1998.
Long periods are sampled every 2 years; the calculator above covers any pair of years.
The destination year: 2007
In 2007, prices rose 2.8% and $100 from 1964 had the buying
power of $669; the year's average CPI of 207.342 is the level
behind every 2007 figure on this page.
Inflation was 2.8% in 2007, with gasoline averaging $2.80 a gallon, but the year is better
known for what began underneath prices. In August, French bank BNP Paribas froze funds tied to
U.S. subprime mortgages, and credit between banks tightened. The Federal Reserve responded with
a half-point cut on September 18, its first in four years, and took the policy rate from 5.25% to
4.25% by December. The economy peaked that month, by the National Bureau of Economic Research’s
dating, and the Great Recession followed. The median household earned about $50,200, and the
median new home cost $247,900. Congress ended the decade-long freeze on the federal minimum wage
in May, with the first of three steps to $5.85 in July. A first-class stamp cost 41 cents.
MLA: “Inflation from 1964 to 2007: $100 is worth $669 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1964-to-2007/
APA: InflationCalculator.com. Inflation from 1964 to 2007. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1964-to-2007/