Between 1966 and 1996, the Consumer Price Index went from 32.4 to 156.9.
Cumulatively, prices increased 384.3%, which works out to an average of
5.40% per year. Put differently, a dollar in 1966 bought what
$0.21 buys in 1996.
Common amounts: 1966 dollars in 1996
Amount in 1966
Value in 1996
$1.00
$4.84
$5.00
$24.21
$10.00
$48.43
$20.00
$96.85
$50.00
$242
$100
$484
$500
$2,421
$1,000
$4,843
$5,000
$24,213
$10,000
$48,426
$100,000
$484,259
$1,000,000
$4,842,593
Inflation by spending category, 1966–1996
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1966 spending costs in 1996, by category:
Category
Avg. yearly inflation
$100 in 1966 →
All items (CPI-U)
5.40%
$484
Medical care
7.47%
$868
Core (all items less food & energy)
5.47%
$494
Energy
5.31%
$473
Food
5.17%
$454
Transportation
5.08%
$443
Apparel
3.35%
$269
Not shown because the BLS began these indexes after 1966: housing (1967–), recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1966 to 1996: $100 is worth $484 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1966-to-1996/
APA: InflationCalculator.com. Inflation from 1966 to 1996. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1966-to-1996/