$100 in 1967 is worth $710 in 2015,
because prices increased 609.6% over that period, an average of
4.17% a year.
$100 in 1967 has
the same buying power as
$710
in 2015
Detailed inflation statistics
Cumulative price change
609.6%
Average inflation rate
4.17% per year
Converted amount ($100 base)
$710
Price difference ($100 base)
$610
CPI in 1967
33.4
CPI in 2015
237.017
Inflation in 1967
3.09%
Inflation in 2015
0.12%
$100 in 1967 → 2015
$710
$100 in 2015 → 1967
$14.09
What happened to prices between 1967 and 2015
Between 1967 and 2015, the Consumer Price Index went from 33.4 to 237.017.
Cumulatively, prices increased 609.6%, which works out to an average of
4.17% per year. Put differently, a dollar in 1967 bought what
$0.14 buys in 2015: the 1967 dollar
lost 85.9% of its purchasing power over
these 48 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 2015 at the same ratio, 7.10: $1,000 becomes
$7,096, and $10,000 becomes $70,963.
Amount in 1967
Value in 2015
$1.00
$7.10
$5.00
$35.48
$10.00
$70.96
$20.00
$142
$50.00
$355
$100
$710
$500
$3,548
$1,000
$7,096
$5,000
$35,482
$10,000
$70,963
$100,000
$709,632
$1,000,000
$7,096,317
Inflation by spending category, 1967–2015
Between 1967 and 2015, medical care rose the most, up 1484.2%, while apparel rose the least, up 146.9%, against 609.6% for all items. The headline number is an average; here is what $100 of 1967
spending costs in 2015, by category:
Category
Avg. yearly inflation
$100 in 1967 →
All items (CPI-U)
4.17%
$710
Medical care
5.92%
$1,584
Energy
4.57%
$853
Housing
4.35%
$773
Food
4.21%
$725
Core (all items less food & energy)
4.13%
$698
Transportation
3.80%
$598
Apparel
1.90%
$247
Not shown because the BLS began these indexes after 1967: recreation (1993–), education & communication (1993–).
Decade by decade: 1967 to 2015
Prices climbed fastest in the 1970s, averaging 7.82% a year, and slowest in the 2010s (1.68% a year). Each step below chains into the full 1967–2015 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
2010–2015
1.68%
8.7%
$710
Year by year: CPI and the value of $100 from 1967
$100 from 1967 had already become $408 by
1991, on its way to $710 in 2015; 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: 2015
In 2015, prices rose 0.1% and $100 from 1967 had the buying
power of $710; the year's average CPI of 237.017 is the level
behind every 2015 figure on this page.
2015 was almost a year with no inflation at all. Consumer prices rose 0.1%,
the smallest increase since the 2009 decline, because energy prices kept
falling. Gasoline averaged $2.45 a gallon, down from $3.37 in 2014, and a
strong dollar made imported goods cheaper. The picture was different outside
food and energy: core prices rose about 1.8% as rents and medical costs
climbed.
Incomes finally showed real progress. Median household income reached $56,516,
a large jump from $53,657, and the median new home sold for about $296,400. The
federal minimum wage stayed at $7.25, and a first-class stamp stayed at 49
cents.
The Federal Reserve chose December to end its zero-rate policy, raising the
target range to 0.25–0.50% for the first time since 2006. It moved even
though headline inflation was far under 2%, arguing that the drag from
energy was temporary. Earlier, a currency shift in China in August had shaken
global markets and pushed oil below $40 a barrel. Prices in 2015 ended
the year barely above their 2014 level.
MLA: “Inflation from 1967 to 2015: $100 is worth $710 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1967-to-2015/
APA: InflationCalculator.com. Inflation from 1967 to 2015. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1967-to-2015/