Between 1965 and 1966, the Consumer Price Index went from 31.5 to 32.4.
Cumulatively, prices increased 2.9%, which works out to an average of
2.86% per year. Put differently, a dollar in 1965 bought what
$0.97 buys in 1966.
Common amounts: 1965 dollars in 1966
Amount in 1965
Value in 1966
$1.00
$1.03
$5.00
$5.14
$10.00
$10.29
$20.00
$20.57
$50.00
$51.43
$100
$103
$500
$514
$1,000
$1,029
$5,000
$5,143
$10,000
$10,286
$100,000
$102,857
$1,000,000
$1,028,571
Inflation by spending category, 1965–1966
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1965 spending costs in 1966, by category:
Category
Avg. yearly inflation
$100 in 1965 →
All items (CPI-U)
2.86%
$103
Food
4.97%
$105
Medical care
4.37%
$104
Apparel
2.51%
$103
Core (all items less food & energy)
2.45%
$102
Energy
1.75%
$102
Transportation
1.25%
$101
Not shown because the BLS began these indexes after 1965: housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1965 to 1966: $100 is worth $103 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1965-to-1966/
APA: InflationCalculator.com. Inflation from 1965 to 1966. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1965-to-1966/