$100 in 1967 is worth $709 in 2014,
because prices increased 608.8% over that period, an average of
4.25% a year.
$100 in 1967 has
the same buying power as
$709
in 2014
Detailed inflation statistics
Cumulative price change
608.8%
Average inflation rate
4.25% per year
Converted amount ($100 base)
$709
Price difference ($100 base)
$609
CPI in 1967
33.4
CPI in 2014
236.736
Inflation in 1967
3.09%
Inflation in 2014
1.62%
$100 in 1967 → 2014
$709
$100 in 2014 → 1967
$14.11
What happened to prices between 1967 and 2014
Between 1967 and 2014, the Consumer Price Index went from 33.4 to 236.736.
Cumulatively, prices increased 608.8%, which works out to an average of
4.25% per year. Put differently, a dollar in 1967 bought what
$0.14 buys in 2014: the 1967 dollar
lost 85.9% of its purchasing power over
these 47 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 2014 at the same ratio, 7.09: $1,000 becomes
$7,088, and $10,000 becomes $70,879.
Amount in 1967
Value in 2014
$1.00
$7.09
$5.00
$35.44
$10.00
$70.88
$20.00
$142
$50.00
$354
$100
$709
$500
$3,544
$1,000
$7,088
$5,000
$35,440
$10,000
$70,879
$100,000
$708,790
$1,000,000
$7,087,904
Inflation by spending category, 1967–2014
Between 1967 and 2014, medical care rose the most, up 1443.6%, while apparel rose the least, up 150.0%, against 608.8% for all items. The headline number is an average; here is what $100 of 1967
spending costs in 2014, by category:
Category
Avg. yearly inflation
$100 in 1967 →
All items (CPI-U)
4.25%
$709
Medical care
6.00%
$1,544
Energy
5.07%
$1,023
Housing
4.40%
$757
Food
4.26%
$712
Core (all items less food & energy)
4.18%
$686
Transportation
4.06%
$648
Apparel
1.97%
$250
Not shown because the BLS began these indexes after 1967: recreation (1993–), education & communication (1993–).
Decade by decade: 1967 to 2014
Prices climbed fastest in the 1970s, averaging 7.82% a year, and slowest in the 2010s (2.08% a year). Each step below chains into the full 1967–2014 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
2010–2014
2.08%
8.6%
$709
Year by year: CPI and the value of $100 from 1967
$100 from 1967 had already become $408 by
1991, on its way to $709 in 2014; 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: 2014
In 2014, prices rose 1.6% and $100 from 1967 had the buying
power of $709; the year's average CPI of 236.736 is the level
behind every 2014 figure on this page.
2014 ended with the sharpest oil price drop in years. Consumer prices rose
1.6% for the year, close to 2013’s pace, but the annual figure hid a shift at
the pump: crude oil fell from above $100 a barrel in June to below $60 in
December, and gasoline finished the year near $2.25 a gallon after averaging
$3.37 across 2014. The drop reflected record U.S. shale output, softer
global demand, and OPEC’s decision in November to keep producing.
For households, cheaper fuel arrived just as the labor market strengthened.
Median household income was $53,657, essentially flat on the prior year, and
the median new home sold for about $288,500. The federal minimum wage stayed
at $7.25 for a fifth year, and a first-class stamp rose to 49 cents.
The Federal Reserve ended its bond purchases in October but left its policy
rate at zero. A stronger dollar helped hold down import prices. Because
energy weighs heavily in the CPI, the late-year slide carried into 2015, which
posted the smallest annual increase of the decade.
MLA: “Inflation from 1967 to 2014: $100 is worth $709 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1967-to-2014/
APA: InflationCalculator.com. Inflation from 1967 to 2014. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1967-to-2014/