$100 in 1967 is worth $247 in 1980,
because prices increased 146.7% over that period, an average of
7.19% a year.
$100 in 1967 has
the same buying power as
$247
in 1980
Detailed inflation statistics
Cumulative price change
146.7%
Average inflation rate
7.19% per year
Converted amount ($100 base)
$247
Price difference ($100 base)
$147
CPI in 1967
33.4
CPI in 1980
82.4
Inflation in 1967
3.09%
Inflation in 1980
13.50%
$100 in 1967 → 1980
$247
$100 in 1980 → 1967
$40.53
What happened to prices between 1967 and 1980
Between 1967 and 1980, the Consumer Price Index went from 33.4 to 82.4.
Cumulatively, prices increased 146.7%, which works out to an average of
7.19% per year. Put differently, a dollar in 1967 bought what
$0.41 buys in 1980: the 1967 dollar
lost 59.5% of its purchasing power over
these 13 years.
Consumer prices rose 3.1% in 1967, up from 1966’s 2.9% as
Vietnam War spending kept climbing alongside expanding Great Society
programs, a combination of rising military and domestic outlays that
economists later blamed for entrenching inflation through the rest of the
decade. The minimum wage rose that February 1, to $1.40 an hour, the
first step of a phased increase Congress had set the year before. Urban
unrest reached a peak that July, when days of rioting left 26 dead in
Newark and 43 dead in Detroit, the deadliest of that summer’s roughly 160
disturbances; Johnson responded by forming the Kerner Commission to study
the causes of the unrest. The Supreme Court gained its first Black
justice that year too: the Senate confirmed Thurgood Marshall on August
30, and he was sworn in that October after serving as U.S. Solicitor
General and, before that, as the lead attorney in Brown v. Board of
Education. Consumer prices finished 1967 237.4% above their
1913 level. First-class postage held at 5 cents.
Every 1967 amount converts to 1980 at the same ratio, 2.47: $1,000 becomes
$2,467, and $10,000 becomes $24,671.
Amount in 1967
Value in 1980
$1.00
$2.47
$5.00
$12.34
$10.00
$24.67
$20.00
$49.34
$50.00
$123
$100
$247
$500
$1,234
$1,000
$2,467
$5,000
$12,335
$10,000
$24,671
$100,000
$246,707
$1,000,000
$2,467,066
Inflation by spending category, 1967–1980
Between 1967 and 1980, energy rose the most, up 261.3%, while apparel rose the least, up 78.2%, against 146.7% for all items. The headline number is an average; here is what $100 of 1967
spending costs in 1980, by category:
Category
Avg. yearly inflation
$100 in 1967 →
All items (CPI-U)
7.19%
$247
Energy
10.39%
$361
Medical care
7.80%
$266
Housing
7.73%
$263
Food
7.45%
$255
Transportation
7.29%
$250
Core (all items less food & energy)
6.72%
$233
Apparel
4.55%
$178
Not shown because the BLS began these indexes after 1967: recreation (1993–), education & communication (1993–).
Decade by decade: 1967 to 1980
Prices climbed fastest in the 1970s, averaging 7.82% a year, and slowest in the 1960s (5.12% a year). Each step below chains into the full 1967–1980 change:
Years
Avg. yearly inflation
Price change
$100 from 1967, at end
1967–1970
5.12%
16.2%
$116
1970–1980
7.82%
112.4%
$247
Year by year: CPI and the value of $100 from 1967
$100 from 1967 had already become $133 by
1973, on its way to $247 in 1980; 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 3.2% in 1972.
In 1980, prices rose 13.5% and $100 from 1967 had the buying
power of $247; the year's average CPI of 82.4 is the level
behind every 1980 figure on this page.
1980 sat at the very peak of the Great Inflation. Prices rose 13.5% in that
single year, mortgage rates were climbing toward 16%, and the Federal Reserve
under Paul Volcker was administering the painful interest-rate medicine that
would finally break the inflationary spiral, at the cost of the deep 1981–82
recession. No single year looms larger in how Americans think about inflation.
MLA: “Inflation from 1967 to 1980: $100 is worth $247 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1967-to-1980/
APA: InflationCalculator.com. Inflation from 1967 to 1980. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1967-to-1980/