Between 1966 and 1987, the Consumer Price Index went from 32.4 to 113.6.
Cumulatively, prices increased 250.6%, which works out to an average of
6.16% per year. Put differently, a dollar in 1966 bought what
$0.29 buys in 1987.
Common amounts: 1966 dollars in 1987
Amount in 1966
Value in 1987
$1.00
$3.51
$5.00
$17.53
$10.00
$35.06
$20.00
$70.12
$50.00
$175
$100
$351
$500
$1,753
$1,000
$3,506
$5,000
$17,531
$10,000
$35,062
$100,000
$350,617
$1,000,000
$3,506,173
Inflation by spending category, 1966–1987
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1966 spending costs in 1987, by category:
Category
Avg. yearly inflation
$100 in 1966 →
All items (CPI-U)
6.16%
$351
Medical care
7.91%
$495
Energy
6.57%
$380
Core (all items less food & energy)
6.19%
$353
Food
5.94%
$336
Transportation
5.79%
$326
Apparel
3.95%
$226
Not shown because the BLS began these indexes after 1966: housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1966 to 1987: $100 is worth $351 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1966-to-1987/
APA: InflationCalculator.com. Inflation from 1966 to 1987. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1966-to-1987/