Between 1966 and 1974, the Consumer Price Index went from 32.4 to 49.3.
Cumulatively, prices increased 52.2%, which works out to an average of
5.39% per year. Put differently, a dollar in 1966 bought what
$0.66 buys in 1974.
Common amounts: 1966 dollars in 1974
Amount in 1966
Value in 1974
$1.00
$1.52
$5.00
$7.61
$10.00
$15.22
$20.00
$30.43
$50.00
$76.08
$100
$152
$500
$761
$1,000
$1,522
$5,000
$7,608
$10,000
$15,216
$100,000
$152,160
$1,000,000
$1,521,605
Inflation by spending category, 1966–1974
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1966 spending costs in 1974, by category:
Category
Avg. yearly inflation
$100 in 1966 →
All items (CPI-U)
5.39%
$152
Energy
6.34%
$164
Food
6.30%
$163
Medical care
6.15%
$161
Core (all items less food & energy)
4.97%
$147
Transportation
4.46%
$142
Apparel
4.45%
$142
Not shown because the BLS began these indexes after 1966: housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1966 to 1974: $100 is worth $152 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1966-to-1974/
APA: InflationCalculator.com. Inflation from 1966 to 1974. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1966-to-1974/