$100 in 1967 is worth $621 in 2007,
because prices increased 520.8% over that period, an average of
4.67% a year.
$100 in 1967 has
the same buying power as
$621
in 2007
Detailed inflation statistics
Cumulative price change
520.8%
Average inflation rate
4.67% per year
Converted amount ($100 base)
$621
Price difference ($100 base)
$521
CPI in 1967
33.4
CPI in 2007
207.342
Inflation in 1967
3.09%
Inflation in 2007
2.85%
$100 in 1967 → 2007
$621
$100 in 2007 → 1967
$16.11
What happened to prices between 1967 and 2007
Between 1967 and 2007, the Consumer Price Index went from 33.4 to 207.342.
Cumulatively, prices increased 520.8%, which works out to an average of
4.67% per year. Put differently, a dollar in 1967 bought what
$0.16 buys in 2007: the 1967 dollar
lost 83.9% of its purchasing power over
these 40 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 2007 at the same ratio, 6.21: $1,000 becomes
$6,208, and $10,000 becomes $62,078.
Amount in 1967
Value in 2007
$1.00
$6.21
$5.00
$31.04
$10.00
$62.08
$20.00
$124
$50.00
$310
$100
$621
$500
$3,104
$1,000
$6,208
$5,000
$31,039
$10,000
$62,078
$100,000
$620,784
$1,000,000
$6,207,844
Inflation by spending category, 1967–2007
Between 1967 and 2007, medical care rose the most, up 1144.9%, while apparel rose the least, up 133.3%, against 520.8% for all items. The headline number is an average; here is what $100 of 1967
spending costs in 2007, by category:
Category
Avg. yearly inflation
$100 in 1967 →
All items (CPI-U)
4.67%
$621
Medical care
6.51%
$1,245
Energy
5.57%
$873
Housing
4.91%
$680
Core (all items less food & energy)
4.61%
$607
Food
4.56%
$595
Transportation
4.38%
$555
Apparel
2.14%
$233
Not shown because the BLS began these indexes after 1967: recreation (1993–), education & communication (1993–).
Decade by decade: 1967 to 2007
Prices climbed fastest in the 1970s, averaging 7.82% a year, and slowest in the 2000s (2.69% a year). Each step below chains into the full 1967–2007 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
2000–2007
2.69%
20.4%
$621
Year by year: CPI and the value of $100 from 1967
$100 from 1967 had already become $340 by
1987, on its way to $621 in 2007; 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: 2007
In 2007, prices rose 2.8% and $100 from 1967 had the buying
power of $621; the year's average CPI of 207.342 is the level
behind every 2007 figure on this page.
Inflation was 2.8% in 2007, with gasoline averaging $2.80 a gallon, but the year is better
known for what began underneath prices. In August, French bank BNP Paribas froze funds tied to
U.S. subprime mortgages, and credit between banks tightened. The Federal Reserve responded with
a half-point cut on September 18, its first in four years, and took the policy rate from 5.25% to
4.25% by December. The economy peaked that month, by the National Bureau of Economic Research’s
dating, and the Great Recession followed. The median household earned about $50,200, and the
median new home cost $247,900. Congress ended the decade-long freeze on the federal minimum wage
in May, with the first of three steps to $5.85 in July. A first-class stamp cost 41 cents.
MLA: “Inflation from 1967 to 2007: $100 is worth $621 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1967-to-2007/
APA: InflationCalculator.com. Inflation from 1967 to 2007. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1967-to-2007/