Between 1966 and 1972, the Consumer Price Index went from 32.4 to 41.8.
Cumulatively, prices increased 29.0%, which works out to an average of
4.34% per year. Put differently, a dollar in 1966 bought what
$0.78 buys in 1972.
Common amounts: 1966 dollars in 1972
Amount in 1966
Value in 1972
$1.00
$1.29
$5.00
$6.45
$10.00
$12.90
$20.00
$25.80
$50.00
$64.51
$100
$129
$500
$645
$1,000
$1,290
$5,000
$6,451
$10,000
$12,901
$100,000
$129,012
$1,000,000
$1,290,123
Inflation by spending category, 1966–1972
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1966 spending costs in 1972, by category:
Category
Avg. yearly inflation
$100 in 1966 →
All items (CPI-U)
4.34%
$129
Medical care
6.00%
$142
Core (all items less food & energy)
4.65%
$131
Apparel
4.08%
$127
Food
3.73%
$125
Transportation
3.58%
$124
Energy
2.61%
$117
Not shown because the BLS began these indexes after 1966: housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1966 to 1972: $100 is worth $129 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1966-to-1972/
APA: InflationCalculator.com. Inflation from 1966 to 1972. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1966-to-1972/