$100 in 1967 is worth $585 in 2005,
because prices increased 484.7% over that period, an average of
4.76% a year.
$100 in 1967 has
the same buying power as
$585
in 2005
Detailed inflation statistics
Cumulative price change
484.7%
Average inflation rate
4.76% per year
Converted amount ($100 base)
$585
Price difference ($100 base)
$485
CPI in 1967
33.4
CPI in 2005
195.3
Inflation in 1967
3.09%
Inflation in 2005
3.39%
$100 in 1967 → 2005
$585
$100 in 2005 → 1967
$17.10
What happened to prices between 1967 and 2005
Between 1967 and 2005, the Consumer Price Index went from 33.4 to 195.3.
Cumulatively, prices increased 484.7%, which works out to an average of
4.76% per year. Put differently, a dollar in 1967 bought what
$0.17 buys in 2005: the 1967 dollar
lost 82.9% of its purchasing power over
these 38 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 2005 at the same ratio, 5.85: $1,000 becomes
$5,847, and $10,000 becomes $58,473.
Amount in 1967
Value in 2005
$1.00
$5.85
$5.00
$29.24
$10.00
$58.47
$20.00
$117
$50.00
$292
$100
$585
$500
$2,924
$1,000
$5,847
$5,000
$29,237
$10,000
$58,473
$100,000
$584,731
$1,000,000
$5,847,305
Inflation by spending category, 1967–2005
Between 1967 and 2005, medical care rose the most, up 1046.1%, while apparel rose the least, up 134.3%, against 484.7% for all items. The headline number is an average; here is what $100 of 1967
spending costs in 2005, by category:
Category
Avg. yearly inflation
$100 in 1967 →
All items (CPI-U)
4.76%
$585
Medical care
6.63%
$1,146
Energy
5.42%
$744
Housing
4.99%
$635
Core (all items less food & energy)
4.73%
$579
Food
4.63%
$559
Transportation
4.45%
$522
Apparel
2.27%
$234
Not shown because the BLS began these indexes after 1967: recreation (1993–), education & communication (1993–).
Decade by decade: 1967 to 2005
Prices climbed fastest in the 1970s, averaging 7.82% a year, and slowest in the 2000s (2.55% a year). Each step below chains into the full 1967–2005 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
2000–2005
2.55%
13.4%
$585
Year by year: CPI and the value of $100 from 1967
$100 from 1967 had already become $322 by
1985, on its way to $585 in 2005; 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: 2005
In 2005, prices rose 3.4% and $100 from 1967 had the buying
power of $585; the year's average CPI of 195.3 is the level
behind every 2005 figure on this page.
Inflation rose to 3.4% in 2005, up from 2.7% in 2004, as gasoline averaged $2.30 a gallon,
compared with $1.88 the year before. Hurricane Katrina made landfall on August 29, and with
Hurricane Rita weeks later it disrupted Gulf Coast refining, pushing the national average
price past $3 in early September. The Federal Reserve raised its policy rate at every meeting,
from 2.25% to 4.25%, to keep energy costs from feeding into other prices. The median household
earned about $46,300, up 4.5% from 2004, but the median new home price rose a further 9%, to
$240,900. In April, Congress passed a bankruptcy law that made it harder to clear debts. A
first-class stamp stayed at 37 cents until January 2006, and the federal minimum wage stayed
at $5.15.
MLA: “Inflation from 1967 to 2005: $100 is worth $585 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1967-to-2005/
APA: InflationCalculator.com. Inflation from 1967 to 2005. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1967-to-2005/