$100 in 1967 is worth $697 in 2013,
because prices increased 597.5% over that period, an average of
4.31% a year.
$100 in 1967 has
the same buying power as
$697
in 2013
Detailed inflation statistics
Cumulative price change
597.5%
Average inflation rate
4.31% per year
Converted amount ($100 base)
$697
Price difference ($100 base)
$597
CPI in 1967
33.4
CPI in 2013
232.957
Inflation in 1967
3.09%
Inflation in 2013
1.46%
$100 in 1967 → 2013
$697
$100 in 2013 → 1967
$14.34
What happened to prices between 1967 and 2013
Between 1967 and 2013, the Consumer Price Index went from 33.4 to 232.957.
Cumulatively, prices increased 597.5%, which works out to an average of
4.31% per year. Put differently, a dollar in 1967 bought what
$0.14 buys in 2013: the 1967 dollar
lost 85.7% of its purchasing power over
these 46 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 2013 at the same ratio, 6.97: $1,000 becomes
$6,975, and $10,000 becomes $69,748.
Amount in 1967
Value in 2013
$1.00
$6.97
$5.00
$34.87
$10.00
$69.75
$20.00
$139
$50.00
$349
$100
$697
$500
$3,487
$1,000
$6,975
$5,000
$34,874
$10,000
$69,748
$100,000
$697,476
$1,000,000
$6,974,760
Inflation by spending category, 1967–2013
Between 1967 and 2013, medical care rose the most, up 1407.6%, while apparel rose the least, up 149.8%, against 597.5% for all items. The headline number is an average; here is what $100 of 1967
spending costs in 2013, by category:
Category
Avg. yearly inflation
$100 in 1967 →
All items (CPI-U)
4.31%
$697
Medical care
6.08%
$1,508
Energy
5.19%
$1,027
Housing
4.44%
$738
Food
4.31%
$695
Core (all items less food & energy)
4.23%
$674
Transportation
4.16%
$653
Apparel
2.01%
$250
Not shown because the BLS began these indexes after 1967: recreation (1993–), education & communication (1993–).
Decade by decade: 1967 to 2013
Prices climbed fastest in the 1970s, averaging 7.82% a year, and slowest in the 2010s (2.23% a year). Each step below chains into the full 1967–2013 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
2010–2013
2.23%
6.8%
$697
Year by year: CPI and the value of $100 from 1967
$100 from 1967 had already become $371 by
1989, on its way to $697 in 2013; 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: 2013
In 2013, prices rose 1.5% and $100 from 1967 had the buying
power of $697; the year's average CPI of 232.957 is the level
behind every 2013 figure on this page.
2013 was a low-inflation year with a lot of noise around the Federal Reserve.
Consumer prices rose 1.5%, below the Fed’s 2% target, and gasoline eased to an
average of $3.51 a gallon. Housing was the exception: the median new home sold
for about $268,900, up sharply from $245,200 in 2012, as the market recovered
from its post-crisis bottom.
The Fed dominated the news. Chairman Ben Bernanke’s May comments about slowing
bond purchases pushed long-term interest rates up by roughly a percentage
point that summer, and mortgages became more expensive within weeks. In
December the Fed finally announced a first small cut to its purchases while
promising to keep short-term rates near zero for a long time.
Washington added its own disruption. A 16-day government shutdown in October
delayed data releases and left a hole in that month’s CPI collection. Median
household income was reported at $53,585, the federal minimum wage stayed at
$7.25, and a first-class stamp cost 46 cents. The decade’s pattern was taking
shape: slow price growth, ultra-low interest rates, and a labor market that
improved gradually.
MLA: “Inflation from 1967 to 2013: $100 is worth $697 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1967-to-2013/
APA: InflationCalculator.com. Inflation from 1967 to 2013. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1967-to-2013/