$100 in 1967 is worth $604 in 2006,
because prices increased 503.6% over that period, an average of
4.72% a year.
$100 in 1967 has
the same buying power as
$604
in 2006
Detailed inflation statistics
Cumulative price change
503.6%
Average inflation rate
4.72% per year
Converted amount ($100 base)
$604
Price difference ($100 base)
$504
CPI in 1967
33.4
CPI in 2006
201.6
Inflation in 1967
3.09%
Inflation in 2006
3.23%
$100 in 1967 → 2006
$604
$100 in 2006 → 1967
$16.57
What happened to prices between 1967 and 2006
Between 1967 and 2006, the Consumer Price Index went from 33.4 to 201.6.
Cumulatively, prices increased 503.6%, which works out to an average of
4.72% per year. Put differently, a dollar in 1967 bought what
$0.17 buys in 2006: the 1967 dollar
lost 83.4% of its purchasing power over
these 39 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 2006 at the same ratio, 6.04: $1,000 becomes
$6,036, and $10,000 becomes $60,359.
Amount in 1967
Value in 2006
$1.00
$6.04
$5.00
$30.18
$10.00
$60.36
$20.00
$121
$50.00
$302
$100
$604
$500
$3,018
$1,000
$6,036
$5,000
$30,180
$10,000
$60,359
$100,000
$603,593
$1,000,000
$6,035,928
Inflation by spending category, 1967–2006
Between 1967 and 2006, medical care rose the most, up 1092.2%, while apparel rose the least, up 134.3%, against 503.6% for all items. The headline number is an average; here is what $100 of 1967
spending costs in 2006, by category:
Category
Avg. yearly inflation
$100 in 1967 →
All items (CPI-U)
4.72%
$604
Medical care
6.56%
$1,192
Energy
5.57%
$827
Housing
4.96%
$660
Core (all items less food & energy)
4.67%
$593
Food
4.58%
$572
Transportation
4.43%
$543
Apparel
2.21%
$234
Not shown because the BLS began these indexes after 1967: recreation (1993–), education & communication (1993–).
Decade by decade: 1967 to 2006
Prices climbed fastest in the 1970s, averaging 7.82% a year, and slowest in the 2000s (2.66% a year). Each step below chains into the full 1967–2006 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
2000–2006
2.66%
17.1%
$604
Year by year: CPI and the value of $100 from 1967
$100 from 1967 had already become $340 by
1987, on its way to $604 in 2006; 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: 2006
In 2006, prices rose 3.2% and $100 from 1967 had the buying
power of $604; the year's average CPI of 201.6 is the level
behind every 2006 figure on this page.
Inflation was 3.2% in 2006 and gasoline averaged $2.59 a gallon, up 29 cents from 2005. The
median household earned about $48,200 and the median new home cost $246,500, a gain of about
2% after a 13% jump in 2004 and 9% in 2005. National home prices, by the S&P/Case-Shiller
index, peaked in mid-2006. Ben Bernanke replaced Alan Greenspan as Federal Reserve chair on
February 1, and on June 29 the Fed raised its policy rate to 5.25%, the last of 17 straight
quarter-point increases. It held there for over a year. A first-class stamp rose to 39 cents in
January, and the federal minimum wage was $5.15 for the ninth full year in a row.
MLA: “Inflation from 1967 to 2006: $100 is worth $604 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1967-to-2006/
APA: InflationCalculator.com. Inflation from 1967 to 2006. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1967-to-2006/