$100 in 1964 is worth $944 in 2022,
because prices increased 844.0% over that period, an average of
3.95% a year.
$100 in 1964 has
the same buying power as
$944
in 2022
Detailed inflation statistics
Cumulative price change
844.0%
Average inflation rate
3.95% per year
Converted amount ($100 base)
$944
Price difference ($100 base)
$844
CPI in 1964
31
CPI in 2022
292.655
Inflation in 1964
1.31%
Inflation in 2022
8.00%
$100 in 1964 → 2022
$944
$100 in 2022 → 1964
$10.59
What happened to prices between 1964 and 2022
Between 1964 and 2022, the Consumer Price Index went from 31 to 292.655.
Cumulatively, prices increased 844.0%, which works out to an average of
3.95% per year. Put differently, a dollar in 1964 bought what
$0.11 buys in 2022: the 1964 dollar
lost 89.4% of its purchasing power over
these 58 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 2022 at the same ratio, 9.44: $1,000 becomes
$9,440, and $10,000 becomes $94,405.
Amount in 1964
Value in 2022
$1.00
$9.44
$5.00
$47.20
$10.00
$94.40
$20.00
$189
$50.00
$472
$100
$944
$500
$4,720
$1,000
$9,440
$5,000
$47,202
$10,000
$94,405
$100,000
$944,048
$1,000,000
$9,440,484
Inflation by spending category, 1964–2022
Between 1964 and 2022, medical care rose the most, up 2121.8%, while apparel rose the least, up 168.7%, against 844.0% for all items. The headline number is an average; here is what $100 of 1964
spending costs in 2022, by category:
Category
Avg. yearly inflation
$100 in 1964 →
All items (CPI-U)
3.95%
$944
Medical care
5.49%
$2,222
Energy
4.56%
$1,326
Food
3.99%
$969
Core (all items less food & energy)
3.88%
$911
Transportation
3.75%
$848
Apparel
1.72%
$269
Not shown because the BLS began these indexes after 1964: housing (1967–), recreation (1993–), education & communication (1993–).
Decade by decade: 1964 to 2022
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 1964–2022 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
2010–2020
1.73%
18.7%
$835
2020–2022
6.34%
13.1%
$944
Year by year: CPI and the value of $100 from 1964
$100 from 1964 had already become $453 by
1992, on its way to $944 in 2022; 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: 2022
In 2022, prices rose 8.0% and $100 from 1964 had the buying
power of $944; the year's average CPI of 292.655 is the level
behind every 2022 figure on this page.
2022 was the year inflation returned. Consumer prices rose 8.0% on average,
the worst since 1981, driven by pandemic-era supply chains, stimulus-fueled
demand, and an energy shock from the war in Ukraine. Gas briefly topped $5 a
gallon nationally for the first time ever, and “inflation” became the
top-ranked economic concern in nearly every poll of American households.
MLA: “Inflation from 1964 to 2022: $100 is worth $944 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1964-to-2022/
APA: InflationCalculator.com. Inflation from 1964 to 2022. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1964-to-2022/