U.S. inflation · 1965–2023
$100 in 1965 has the same buying power as
$967
in 2023
| Cumulative price change | 867.3% |
|---|---|
| Average inflation rate | 3.99% per year |
| Converted amount ($100 base) | $967 |
| Price difference ($100 base) | $867 |
| CPI in 1965 | 31.5 |
| CPI in 2023 | 304.702 |
| Inflation in 1965 | 1.61% |
| Inflation in 2023 | 4.12% |
| $100 in 1965 → 2023 | $967 |
| $100 in 2023 → 1965 | $10.34 |
Between 1965 and 2023, the Consumer Price Index went from 31.5 to 304.702. Cumulatively, prices increased 867.3%, which works out to an average of 3.99% per year. Put differently, a dollar in 1965 bought what $0.10 buys in 2023.
| Amount in 1965 | Value in 2023 |
|---|---|
| $1.00 | $9.67 |
| $5.00 | $48.37 |
| $10.00 | $96.73 |
| $20.00 | $193 |
| $50.00 | $484 |
| $100 | $967 |
| $500 | $4,837 |
| $1,000 | $9,673 |
| $5,000 | $48,365 |
| $10,000 | $96,731 |
| $100,000 | $967,308 |
| $1,000,000 | $9,673,079 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1965 spending costs in 2023, by category:
| Category | Avg. yearly inflation | $100 in 1965 → |
|---|---|---|
| All items (CPI-U) | 3.99% | $967 |
| Medical care | 5.46% | $2,179 |
| Energy | 4.43% | $1,237 |
| Food | 4.06% | $1,003 |
| Core (all items less food & energy) | 3.94% | $943 |
| Transportation | 3.73% | $837 |
| Apparel | 1.75% | $273 |
Not shown because the BLS began these indexes after 1965: housing (1967–), recreation (1993–), education & communication (1993–).
| Year | CPI | Inflation rate | $100 from 1965 |
|---|---|---|---|
| 1965 | 31.5 | 1.6% | $100 |
| 1967 | 33.4 | 3.1% | $106 |
| 1969 | 36.7 | 5.5% | $117 |
| 1971 | 40.5 | 4.4% | $129 |
| 1973 | 44.4 | 6.2% | $141 |
| 1975 | 53.8 | 9.1% | $171 |
| 1977 | 60.6 | 6.5% | $192 |
| 1979 | 72.6 | 11.3% | $230 |
| 1981 | 90.9 | 10.3% | $289 |
| 1983 | 99.6 | 3.2% | $316 |
| 1985 | 107.6 | 3.6% | $342 |
| 1987 | 113.6 | 3.6% | $361 |
| 1989 | 124 | 4.8% | $394 |
| 1991 | 136.2 | 4.2% | $432 |
| 1993 | 144.5 | 3.0% | $459 |
| 1995 | 152.4 | 2.8% | $484 |
| 1997 | 160.5 | 2.3% | $510 |
| 1999 | 166.6 | 2.2% | $529 |
| 2001 | 177.1 | 2.8% | $562 |
| 2003 | 184 | 2.3% | $584 |
| 2005 | 195.3 | 3.4% | $620 |
| 2007 | 207.342 | 2.8% | $658 |
| 2009 | 214.537 | -0.4% | $681 |
| 2011 | 224.939 | 3.2% | $714 |
| 2013 | 232.957 | 1.5% | $740 |
| 2015 | 237.017 | 0.1% | $752 |
| 2017 | 245.12 | 2.1% | $778 |
| 2019 | 255.657 | 1.8% | $812 |
| 2021 | 270.97 | 4.7% | $860 |
| 2023 | 304.702 | 4.1% | $967 |
Long periods are sampled every 2 years; the calculator above covers any pair of years.
MLA: “Inflation from 1965 to 2023: $100 is worth $967 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1965-to-2023/
APA: InflationCalculator.com. Inflation from 1965 to 2023. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1965-to-2023/
Source: U.S. Bureau of Labor Statistics, CPI-U annual averages (series CUUR0000SA0; category indexes listed on the data sources page). See how these numbers are calculated.