$100 in 1967 is worth $673 in 2011,
because prices increased 573.5% over that period, an average of
4.43% a year.
$100 in 1967 has
the same buying power as
$673
in 2011
Detailed inflation statistics
Cumulative price change
573.5%
Average inflation rate
4.43% per year
Converted amount ($100 base)
$673
Price difference ($100 base)
$573
CPI in 1967
33.4
CPI in 2011
224.939
Inflation in 1967
3.09%
Inflation in 2011
3.16%
$100 in 1967 → 2011
$673
$100 in 2011 → 1967
$14.85
What happened to prices between 1967 and 2011
Between 1967 and 2011, the Consumer Price Index went from 33.4 to 224.939.
Cumulatively, prices increased 573.5%, which works out to an average of
4.43% per year. Put differently, a dollar in 1967 bought what
$0.15 buys in 2011: the 1967 dollar
lost 85.2% of its purchasing power over
these 44 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 2011 at the same ratio, 6.73: $1,000 becomes
$6,735, and $10,000 becomes $67,347.
Amount in 1967
Value in 2011
$1.00
$6.73
$5.00
$33.67
$10.00
$67.35
$20.00
$135
$50.00
$337
$100
$673
$500
$3,367
$1,000
$6,735
$5,000
$33,674
$10,000
$67,347
$100,000
$673,470
$1,000,000
$6,734,701
Inflation by spending category, 1967–2011
Between 1967 and 2011, medical care rose the most, up 1319.4%, while apparel rose the least, up 139.4%, against 573.5% for all items. The headline number is an average; here is what $100 of 1967
spending costs in 2011, by category:
Category
Avg. yearly inflation
$100 in 1967 →
All items (CPI-U)
4.43%
$673
Medical care
6.21%
$1,419
Energy
5.43%
$1,025
Housing
4.56%
$711
Food
4.41%
$668
Core (all items less food & energy)
4.34%
$648
Transportation
4.30%
$638
Apparel
2.00%
$239
Not shown because the BLS began these indexes after 1967: recreation (1993–), education & communication (1993–).
Decade by decade: 1967 to 2011
Prices climbed fastest in the 1970s, averaging 7.82% a year, and slowest in the 2000s (2.39% a year). Each step below chains into the full 1967–2011 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
2000–2010
2.39%
26.6%
$653
2010–2011
3.16%
3.2%
$673
Year by year: CPI and the value of $100 from 1967
$100 from 1967 had already become $371 by
1989, on its way to $673 in 2011; 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 prices fell 0.4% in 2009, the deepest deflation of the period.
Long periods are sampled every 2 years; the calculator above covers any pair of years.
The destination year: 2011
In 2011, prices rose 3.2% and $100 from 1967 had the buying
power of $673; the year's average CPI of 224.939 is the level
behind every 2011 figure on this page.
2011 brought the fastest inflation of the post-recession recovery. Consumer
prices rose 3.2%, roughly double the 2010 pace, and the cause was mostly at the
pump and the grocery store. Unrest across the Middle East and North Africa,
including the war in Libya, pushed gasoline to an annual average of $3.52 a
gallon, the highest yearly figure recorded to that point. Food prices also
rose faster than the overall index.
Household budgets did not keep up. The median household income was $50,054,
barely above the year before, and the median new home sold for about $227,200.
The federal minimum wage stayed at $7.25 and a first-class stamp at 44 cents.
Policy stayed loose. The Federal Reserve kept its policy rate near zero and
launched Operation Twist in September to lower long-term rates. Washington
spent the summer in a debt-ceiling fight that ended in S&P’s August downgrade
of the U.S. credit rating. The inflation spike proved temporary: the
2011 rate was the high point of the early 2010s, and prices grew more slowly
in every year that followed until 2017.
MLA: “Inflation from 1967 to 2011: $100 is worth $673 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1967-to-2011/
APA: InflationCalculator.com. Inflation from 1967 to 2011. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1967-to-2011/