$100 in 1965 is worth $106 in 1967,
because prices increased 6.0% over that period, an average of
2.97% a year.
$100 in 1965 has
the same buying power as
$106
in 1967
Detailed inflation statistics
Cumulative price change
6.0%
Average inflation rate
2.97% per year
Converted amount ($100 base)
$106
Price difference ($100 base)
$6.03
CPI in 1965
31.5
CPI in 1967
33.4
Inflation in 1965
1.61%
Inflation in 1967
3.09%
$100 in 1965 → 1967
$106
$100 in 1967 → 1965
$94.31
What happened to prices between 1965 and 1967
Between 1965 and 1967, the Consumer Price Index went from 31.5 to 33.4.
Cumulatively, prices increased 6.0%, which works out to an average of
2.97% per year. Put differently, a dollar in 1965 bought what
$0.94 buys in 1967: the 1965 dollar
lost 5.7% of its purchasing power over
these 2 years.
Consumer prices rose 1.6% in 1965, up from 1964’s 1.3% in a
pickup that economists later mark as the start of the Great
Inflation, a run of accelerating
price increases driven by rising Vietnam War spending layered on top of
new Great Society programs. The war itself escalated on the ground that
March, when about 3,500 Marines came ashore at Da Nang, the first American
combat troops committed to Vietnam; troop levels would climb toward
200,000 by year’s end. Domestic policy expanded just as fast: Medicare and
Medicaid became law that July 30, creating federal health insurance for
older and low-income Americans, and the Voting Rights Act, signed that
August 6, banned literacy tests and other devices used to disenfranchise
Black voters. The civil rights movement’s gains coexisted with urban
unrest that same August, when a highway patrol traffic stop in the Watts
neighborhood of Los Angeles set off six days of rioting that left 34
people dead. Consumer prices finished 1965 218.2% above their
1913 level. First-class postage held at 5 cents, and the
minimum wage stayed at $1.25 an hour.
Every 1965 amount converts to 1967 at the same ratio, 1.06: $1,000 becomes
$1,060, and $10,000 becomes $10,603.
Amount in 1965
Value in 1967
$1.00
$1.06
$5.00
$5.30
$10.00
$10.60
$20.00
$21.21
$50.00
$53.02
$100
$106
$500
$530
$1,000
$1,060
$5,000
$5,302
$10,000
$10,603
$100,000
$106,032
$1,000,000
$1,060,317
Inflation by spending category, 1965–1967
Between 1965 and 1967, medical care rose the most, up 11.9%, while energy rose the least, up 3.9%, against 6.0% for all items. The headline number is an average; here is what $100 of 1965
spending costs in 1967, by category:
Category
Avg. yearly inflation
$100 in 1965 →
All items (CPI-U)
2.97%
$106
Medical care
5.79%
$112
Apparel
3.29%
$107
Core (all items less food & energy)
3.01%
$106
Food
2.91%
$106
Transportation
2.17%
$104
Energy
1.95%
$104
Not shown because the BLS began these indexes after 1965: housing (1967–), recreation (1993–), education & communication (1993–).
Year by year: CPI and the value of $100 from 1965
$100 from 1965 had already become $103 by
1966, on its way to $106 in 1967; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 3.1% in 1967, and the smallest rise was 2.9% in 1966.
In 1967, prices rose 3.1% and $100 from 1965 had the buying
power of $106; the year's average CPI of 33.4 is the level
behind every 1967 figure on this page.
Consumer prices rose 3.1% in 1967, up from 1966’s 2.9% as
Vietnam War spending kept climbing alongside expanding Great Society
programs, a combination of rising military and domestic outlays that
economists later blamed for entrenching inflation through the rest of the
decade. The minimum wage rose that February 1, to $1.40 an hour, the
first step of a phased increase Congress had set the year before. Urban
unrest reached a peak that July, when days of rioting left 26 dead in
Newark and 43 dead in Detroit, the deadliest of that summer’s roughly 160
disturbances; Johnson responded by forming the Kerner Commission to study
the causes of the unrest. The Supreme Court gained its first Black
justice that year too: the Senate confirmed Thurgood Marshall on August
30, and he was sworn in that October after serving as U.S. Solicitor
General and, before that, as the lead attorney in Brown v. Board of
Education. Consumer prices finished 1967 237.4% above their
1913 level. First-class postage held at 5 cents.
MLA: “Inflation from 1965 to 1967: $100 is worth $106 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1965-to-1967/
APA: InflationCalculator.com. Inflation from 1965 to 1967. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1965-to-1967/