$100 in 1964 is worth $764 in 2014,
because prices increased 663.7% over that period, an average of
4.15% a year.
$100 in 1964 has
the same buying power as
$764
in 2014
Detailed inflation statistics
Cumulative price change
663.7%
Average inflation rate
4.15% per year
Converted amount ($100 base)
$764
Price difference ($100 base)
$664
CPI in 1964
31
CPI in 2014
236.736
Inflation in 1964
1.31%
Inflation in 2014
1.62%
$100 in 1964 → 2014
$764
$100 in 2014 → 1964
$13.09
What happened to prices between 1964 and 2014
Between 1964 and 2014, the Consumer Price Index went from 31 to 236.736.
Cumulatively, prices increased 663.7%, which works out to an average of
4.15% per year. Put differently, a dollar in 1964 bought what
$0.13 buys in 2014: the 1964 dollar
lost 86.9% of its purchasing power over
these 50 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 2014 at the same ratio, 7.64: $1,000 becomes
$7,637, and $10,000 becomes $76,366.
Amount in 1964
Value in 2014
$1.00
$7.64
$5.00
$38.18
$10.00
$76.37
$20.00
$153
$50.00
$382
$100
$764
$500
$3,818
$1,000
$7,637
$5,000
$38,183
$10,000
$76,366
$100,000
$763,665
$1,000,000
$7,636,645
Inflation by spending category, 1964–2014
Between 1964 and 2014, medical care rose the most, up 1669.5%, while apparel rose the least, up 169.6%, against 663.7% for all items. The headline number is an average; here is what $100 of 1964
spending costs in 2014, by category:
Category
Avg. yearly inflation
$100 in 1964 →
All items (CPI-U)
4.15%
$764
Medical care
5.91%
$1,769
Energy
4.88%
$1,083
Food
4.17%
$771
Core (all items less food & energy)
4.07%
$737
Transportation
3.93%
$688
Apparel
2.00%
$270
Not shown because the BLS began these indexes after 1964: housing (1967–), recreation (1993–), education & communication (1993–).
Decade by decade: 1964 to 2014
Prices climbed fastest in the 1970s, averaging 7.82% a year, and slowest in the 2010s (2.08% a year). Each step below chains into the full 1964–2014 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
2000–2010
2.39%
26.6%
$703
2010–2014
2.08%
8.6%
$764
Year by year: CPI and the value of $100 from 1964
$100 from 1964 had already become $382 by
1988, on its way to $764 in 2014; 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 2 years; the calculator above covers any pair of years.
The destination year: 2014
In 2014, prices rose 1.6% and $100 from 1964 had the buying
power of $764; the year's average CPI of 236.736 is the level
behind every 2014 figure on this page.
2014 ended with the sharpest oil price drop in years. Consumer prices rose
1.6% for the year, close to 2013’s pace, but the annual figure hid a shift at
the pump: crude oil fell from above $100 a barrel in June to below $60 in
December, and gasoline finished the year near $2.25 a gallon after averaging
$3.37 across 2014. The drop reflected record U.S. shale output, softer
global demand, and OPEC’s decision in November to keep producing.
For households, cheaper fuel arrived just as the labor market strengthened.
Median household income was $53,657, essentially flat on the prior year, and
the median new home sold for about $288,500. The federal minimum wage stayed
at $7.25 for a fifth year, and a first-class stamp rose to 49 cents.
The Federal Reserve ended its bond purchases in October but left its policy
rate at zero. A stronger dollar helped hold down import prices. Because
energy weighs heavily in the CPI, the late-year slide carried into 2015, which
posted the smallest annual increase of the decade.
MLA: “Inflation from 1964 to 2014: $100 is worth $764 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1964-to-2014/
APA: InflationCalculator.com. Inflation from 1964 to 2014. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1964-to-2014/