U.S. inflation · 1966–1986

Value of $100 in 1966, adjusted to 1986

$100 in 1966 is worth $338 in 1986, because prices increased 238.3% over that period, an average of 6.28% a year.

$100 in 1966 has the same buying power as

$338

in 1986

$100$219$33819661971197619811986$100 · 1966$338 · 1986
Detailed inflation statistics
Cumulative price change238.3%
Average inflation rate6.28% per year
Converted amount ($100 base)$338
Price difference ($100 base)$238
CPI in 196632.4
CPI in 1986109.6
Inflation in 19662.86%
Inflation in 19861.86%
$100 in 1966 → 1986$338
$100 in 1986 → 1966$29.56

What happened to prices between 1966 and 1986

Between 1966 and 1986, the Consumer Price Index went from 32.4 to 109.6. Cumulatively, prices increased 238.3%, which works out to an average of 6.28% per year. Put differently, a dollar in 1966 bought what $0.30 buys in 1986: the 1966 dollar lost 70.4% of its purchasing power over these 20 years.

Consumer prices rose 2.9% in 1966, nearly double 1965’s 1.6% as Vietnam War spending kept climbing without an offsetting tax increase, pushing the economy closer to capacity and prices higher along with it. Medicare coverage took effect that July 1, extending federal health insurance to roughly 19 million Americans age 65 and older under the program signed into law the year before. The Federal Reserve had already moved to cool the overheating economy, raising its discount rate the previous December over White House objections; the tightening carried into 1966 as the first postwar credit crunch, freezing parts of the housing and municipal bond markets even as inflation kept climbing. Congress widened the wage floor’s reach that September 23, when the Fair Labor Standards Amendments of 1966 set a $1.40 minimum wage effective the following February and extended coverage to roughly 9 million more workers in retail, hospitals, schools, and other services not previously covered. Consumer prices finished 1966 227.3% above their 1913 level. First-class postage held at 5 cents, and the minimum wage stayed at $1.25 an hour for the rest of the year.

More about inflation in 1966 →

Common amounts: 1966 dollars in 1986

Every 1966 amount converts to 1986 at the same ratio, 3.38: $1,000 becomes $3,383, and $10,000 becomes $33,827.

Amount in 1966Value in 1986
$1.00$3.38
$5.00$16.91
$10.00$33.83
$20.00$67.65
$50.00$169
$100$338
$500$1,691
$1,000$3,383
$5,000$16,914
$10,000$33,827
$100,000$338,272
$1,000,000$3,382,716

Inflation by spending category, 1966–1986

Between 1966 and 1986, medical care rose the most, up 363.9%, while apparel rose the least, up 116.1%, against 238.3% for all items. The headline number is an average; here is what $100 of 1966 spending costs in 1986, by category:

Category Avg. yearly inflation $100 in 1966 →
All items (CPI-U) 6.28% $338
Medical care 7.97% $464
Energy 6.88% $379
Core (all items less food & energy) 6.29% $339
Food 6.03% $322
Transportation 5.93% $317
Apparel 3.93% $216

Not shown because the BLS began these indexes after 1966: housing (1967–), recreation (1993–), education & communication (1993–).

Decade by decade: 1966 to 1986

Prices climbed fastest in the 1970s, averaging 7.82% a year, and slowest in the 1960s (4.61% a year). Each step below chains into the full 1966–1986 change:

Years Avg. yearly inflation Price change $100 from 1966, at end
1966–1970 4.61% 19.8% $120
1970–1980 7.82% 112.4% $254
1980–1986 4.87% 33.0% $338

Year by year: CPI and the value of $100 from 1966

$100 from 1966 had already become $176 by 1976, on its way to $338 in 1986; each row shows the CPI, that year's inflation rate, and the running value. Within the span, inflation peaked at 13.5% in 1980, and the smallest rise was 1.9% in 1986.

Year CPI Inflation rate $100 from 1966
1966 32.4 2.9% $100
1967 33.4 3.1% $103
1968 34.8 4.2% $107
1969 36.7 5.5% $113
1970 38.8 5.7% $120
1971 40.5 4.4% $125
1972 41.8 3.2% $129
1973 44.4 6.2% $137
1974 49.3 11.0% $152
1975 53.8 9.1% $166
1976 56.9 5.8% $176
1977 60.6 6.5% $187
1978 65.2 7.6% $201
1979 72.6 11.3% $224
1980 82.4 13.5% $254
1981 90.9 10.3% $281
1982 96.5 6.2% $298
1983 99.6 3.2% $307
1984 103.9 4.3% $321
1985 107.6 3.6% $332
1986 109.6 1.9% $338

The destination year: 1986

In 1986, prices rose 1.9% and $100 from 1966 had the buying power of $338; the year's average CPI of 109.6 is the level behind every 1986 figure on this page.

1986 delivered the decade’s biggest one-year drop in inflation, and it came almost entirely from a single source: oil. Saudi Arabia abandoned its policy of restraining output to prop up prices, and world crude collapsed from about $27 a barrel to under $10 by midyear. Gasoline, which had averaged $1.12 a gallon in 1985, fell to 86 cents. With energy costs plunging, headline CPI inflation for the year came in at just 1.9%, the lowest annual rate since 1965 and a striking bookend to 1980’s 13.5% peak. The relief was uneven: prices for most goods and services outside energy kept rising at a moderate pace, so households that didn’t drive much or heat with oil felt less of the difference. In October, Congress passed the Tax Reform Act of 1986, a bipartisan overhaul that cut the top individual income tax rate from 50% to 28% while closing many deductions and shelters, the broadest rewrite of the federal tax code since World War II. Between cheap gas and falling interest rates, 1986 read like proof that the inflationary 1970s were a closed chapter, six years after the U.S. economy had felt anything but calm.

More about inflation in 1986 →

Cite this page

MLA: “Inflation from 1966 to 1986: $100 is worth $338 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1966-to-1986/

APA: InflationCalculator.com. Inflation from 1966 to 1986. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1966-to-1986/

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.