$100 in 1967 is worth $433 in 1993,
because prices increased 332.6% over that period, an average of
5.80% a year.
$100 in 1967 has
the same buying power as
$433
in 1993
Detailed inflation statistics
Cumulative price change
332.6%
Average inflation rate
5.80% per year
Converted amount ($100 base)
$433
Price difference ($100 base)
$333
CPI in 1967
33.4
CPI in 1993
144.5
Inflation in 1967
3.09%
Inflation in 1993
2.99%
$100 in 1967 → 1993
$433
$100 in 1993 → 1967
$23.11
What happened to prices between 1967 and 1993
Between 1967 and 1993, the Consumer Price Index went from 33.4 to 144.5.
Cumulatively, prices increased 332.6%, which works out to an average of
5.80% per year. Put differently, a dollar in 1967 bought what
$0.23 buys in 1993: the 1967 dollar
lost 76.9% of its purchasing power over
these 26 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 1993 at the same ratio, 4.33: $1,000 becomes
$4,326, and $10,000 becomes $43,263.
Amount in 1967
Value in 1993
$1.00
$4.33
$5.00
$21.63
$10.00
$43.26
$20.00
$86.53
$50.00
$216
$100
$433
$500
$2,163
$1,000
$4,326
$5,000
$21,632
$10,000
$43,263
$100,000
$432,635
$1,000,000
$4,326,347
Inflation by spending category, 1967–1993
Between 1967 and 1993, medical care rose the most, up 614.2%, while apparel rose the least, up 162.2%, against 332.6% for all items. The headline number is an average; here is what $100 of 1967
spending costs in 1993, by category:
Category
Avg. yearly inflation
$100 in 1967 →
All items (CPI-U)
5.80%
$433
Medical care
7.85%
$714
Housing
6.03%
$458
Core (all items less food & energy)
5.85%
$439
Energy
5.84%
$438
Food
5.61%
$413
Transportation
5.39%
$392
Apparel
3.78%
$262
Not shown because the BLS began these indexes after 1967: recreation (1993–), education & communication (1993–).
Decade by decade: 1967 to 1993
Prices climbed fastest in the 1970s, averaging 7.82% a year, and slowest in the 1990s (3.40% a year). Each step below chains into the full 1967–1993 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
1980–1990
4.72%
58.6%
$391
1990–1993
3.40%
10.6%
$433
Year by year: CPI and the value of $100 from 1967
$100 from 1967 had already become $247 by
1980, on its way to $433 in 1993; 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 1.9% in 1986.
In 1993, prices rose 3.0% and $100 from 1967 had the buying
power of $433; the year's average CPI of 144.5 is the level
behind every 1993 figure on this page.
By 1993, the median household earned about $31,200, gas averaged $1.11 a gallon, and a new home
cost roughly $126,500. Inflation ran at 3.0% for the year, holding close to where it had settled
the year before as the recovery slowly gathered strength. Washington spent much of the year on
two pieces of unfinished business from the recession: a deficit-reduction package, the Omnibus
Budget Reconciliation Act, that raised the top income tax rate to 39.6% to start narrowing a
budget gap left over from the 1980s, and a trade deal, the North American Free Trade Agreement,
that President Clinton signed into law in December after a contentious fight in Congress. NAFTA
phased out most tariffs between the U.S., Mexico, and Canada and took effect the following
January. The year’s other defining event had nothing to do with the economy: in February, a bomb
exploded in the World Trade Center’s parking garage, killing six people and injuring more than a
thousand. By year’s end, the pieces of the decade’s later economic story, freer trade, a
shrinking deficit, and inflation holding near 3%, were already in place.
MLA: “Inflation from 1967 to 1993: $100 is worth $433 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1967-to-1993/
APA: InflationCalculator.com. Inflation from 1967 to 1993. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1967-to-1993/