$100 in 1967 is worth $566 in 2004,
because prices increased 465.6% over that period, an average of
4.79% a year.
$100 in 1967 has
the same buying power as
$566
in 2004
Detailed inflation statistics
Cumulative price change
465.6%
Average inflation rate
4.79% per year
Converted amount ($100 base)
$566
Price difference ($100 base)
$466
CPI in 1967
33.4
CPI in 2004
188.9
Inflation in 1967
3.09%
Inflation in 2004
2.66%
$100 in 1967 → 2004
$566
$100 in 2004 → 1967
$17.68
What happened to prices between 1967 and 2004
Between 1967 and 2004, the Consumer Price Index went from 33.4 to 188.9.
Cumulatively, prices increased 465.6%, which works out to an average of
4.79% per year. Put differently, a dollar in 1967 bought what
$0.18 buys in 2004: the 1967 dollar
lost 82.3% of its purchasing power over
these 37 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 2004 at the same ratio, 5.66: $1,000 becomes
$5,656, and $10,000 becomes $56,557.
Amount in 1967
Value in 2004
$1.00
$5.66
$5.00
$28.28
$10.00
$56.56
$20.00
$113
$50.00
$283
$100
$566
$500
$2,828
$1,000
$5,656
$5,000
$28,278
$10,000
$56,557
$100,000
$565,569
$1,000,000
$5,655,689
Inflation by spending category, 1967–2004
Between 1967 and 2004, medical care rose the most, up 999.6%, while apparel rose the least, up 136.1%, against 465.6% for all items. The headline number is an average; here is what $100 of 1967
spending costs in 2004, by category:
Category
Avg. yearly inflation
$100 in 1967 →
All items (CPI-U)
4.79%
$566
Medical care
6.69%
$1,100
Energy
5.13%
$636
Housing
5.03%
$615
Core (all items less food & energy)
4.80%
$567
Food
4.69%
$546
Transportation
4.39%
$490
Apparel
2.35%
$236
Not shown because the BLS began these indexes after 1967: recreation (1993–), education & communication (1993–).
Decade by decade: 1967 to 2004
Prices climbed fastest in the 1970s, averaging 7.82% a year, and slowest in the 2000s (2.34% a year). Each step below chains into the full 1967–2004 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
1990–2000
2.80%
31.8%
$516
2000–2004
2.34%
9.7%
$566
Year by year: CPI and the value of $100 from 1967
$100 from 1967 had already become $322 by
1985, on its way to $566 in 2004; 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 1.6% in 1998.
Long periods are sampled every 2 years; the calculator above covers any pair of years.
The destination year: 2004
In 2004, prices rose 2.7% and $100 from 1967 had the buying
power of $566; the year's average CPI of 188.9 is the level
behind every 2004 figure on this page.
Consumer prices rose 2.7% in 2004, with a 29-cent jump in the price of gasoline, to $1.88 a
gallon, doing much of the work. Crude oil passed $50 a barrel in October on rising demand
from China and India. The Federal Reserve raised rates for the first time in four years on
June 30, to 1.25%, and it kept going: 17 consecutive quarter-point increases took the rate to
5.25% by June 2006. Housing was already running ahead of incomes. The median household earned
about $44,300, up 2.3% from 2003, while the median new home sold for $221,000, up about 13%. A
first-class stamp stayed at 37 cents and the federal minimum wage at $5.15, unchanged since
1997.
MLA: “Inflation from 1967 to 2004: $100 is worth $566 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1967-to-2004/
APA: InflationCalculator.com. Inflation from 1967 to 2004. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1967-to-2004/