U.S. inflation · 1967–1980
$100 in 1967 has the same buying power as
$247
in 1980
| 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 |
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.
| 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 |
The headline number is an average. Individual categories moved very differently over this period. 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–).
| Year | CPI | Inflation rate | $100 from 1967 |
|---|---|---|---|
| 1967 | 33.4 | 3.1% | $100 |
| 1968 | 34.8 | 4.2% | $104 |
| 1969 | 36.7 | 5.5% | $110 |
| 1970 | 38.8 | 5.7% | $116 |
| 1971 | 40.5 | 4.4% | $121 |
| 1972 | 41.8 | 3.2% | $125 |
| 1973 | 44.4 | 6.2% | $133 |
| 1974 | 49.3 | 11.0% | $148 |
| 1975 | 53.8 | 9.1% | $161 |
| 1976 | 56.9 | 5.8% | $170 |
| 1977 | 60.6 | 6.5% | $181 |
| 1978 | 65.2 | 7.6% | $195 |
| 1979 | 72.6 | 11.3% | $217 |
| 1980 | 82.4 | 13.5% | $247 |
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/
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.