Between 1966 and 1968, the Consumer Price Index went from 32.4 to 34.8.
Cumulatively, prices increased 7.4%, which works out to an average of
3.64% per year. Put differently, a dollar in 1966 bought what
$0.93 buys in 1968.
Common amounts: 1966 dollars in 1968
Amount in 1966
Value in 1968
$1.00
$1.07
$5.00
$5.37
$10.00
$10.74
$20.00
$21.48
$50.00
$53.70
$100
$107
$500
$537
$1,000
$1,074
$5,000
$5,370
$10,000
$10,741
$100,000
$107,407
$1,000,000
$1,074,074
Inflation by spending category, 1966–1968
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1966 spending costs in 1968, by category:
Category
Avg. yearly inflation
$100 in 1966 →
All items (CPI-U)
3.64%
$107
Medical care
6.62%
$114
Apparel
4.69%
$110
Core (all items less food & energy)
4.10%
$108
Transportation
3.05%
$106
Food
2.19%
$104
Energy
1.91%
$104
Not shown because the BLS began these indexes after 1966: housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1966 to 1968: $100 is worth $107 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1966-to-1968/
APA: InflationCalculator.com. Inflation from 1966 to 1968. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1966-to-1968/