Between 1966 and 1994, the Consumer Price Index went from 32.4 to 148.2.
Cumulatively, prices increased 357.4%, which works out to an average of
5.58% per year. Put differently, a dollar in 1966 bought what
$0.22 buys in 1994.
Common amounts: 1966 dollars in 1994
Amount in 1966
Value in 1994
$1.00
$4.57
$5.00
$22.87
$10.00
$45.74
$20.00
$91.48
$50.00
$229
$100
$457
$500
$2,287
$1,000
$4,574
$5,000
$22,870
$10,000
$45,741
$100,000
$457,407
$1,000,000
$4,574,074
Inflation by spending category, 1966–1994
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1966 spending costs in 1994, by category:
Category
Avg. yearly inflation
$100 in 1966 →
All items (CPI-U)
5.58%
$457
Medical care
7.72%
$802
Core (all items less food & energy)
5.66%
$467
Energy
5.51%
$449
Food
5.32%
$427
Transportation
5.22%
$416
Apparel
3.64%
$272
Not shown because the BLS began these indexes after 1966: housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1966 to 1994: $100 is worth $457 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1966-to-1994/
APA: InflationCalculator.com. Inflation from 1966 to 1994. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1966-to-1994/