$100 in 1967 is worth $719 in 2016,
because prices increased 618.6% over that period, an average of
4.11% a year.
$100 in 1967 has
the same buying power as
$719
in 2016
Detailed inflation statistics
Cumulative price change
618.6%
Average inflation rate
4.11% per year
Converted amount ($100 base)
$719
Price difference ($100 base)
$619
CPI in 1967
33.4
CPI in 2016
240.007
Inflation in 1967
3.09%
Inflation in 2016
1.26%
$100 in 1967 → 2016
$719
$100 in 2016 → 1967
$13.92
What happened to prices between 1967 and 2016
Between 1967 and 2016, the Consumer Price Index went from 33.4 to 240.007.
Cumulatively, prices increased 618.6%, which works out to an average of
4.11% per year. Put differently, a dollar in 1967 bought what
$0.14 buys in 2016: the 1967 dollar
lost 86.1% of its purchasing power over
these 49 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 2016 at the same ratio, 7.19: $1,000 becomes
$7,186, and $10,000 becomes $71,858.
Amount in 1967
Value in 2016
$1.00
$7.19
$5.00
$35.93
$10.00
$71.86
$20.00
$144
$50.00
$359
$100
$719
$500
$3,593
$1,000
$7,186
$5,000
$35,929
$10,000
$71,858
$100,000
$718,584
$1,000,000
$7,185,838
Inflation by spending category, 1967–2016
Between 1967 and 2016, medical care rose the most, up 1544.2%, while apparel rose the least, up 147.1%, against 618.6% for all items. The headline number is an average; here is what $100 of 1967
spending costs in 2016, by category:
Category
Avg. yearly inflation
$100 in 1967 →
All items (CPI-U)
4.11%
$719
Medical care
5.88%
$1,644
Energy
4.33%
$796
Housing
4.31%
$792
Food
4.13%
$727
Core (all items less food & energy)
4.09%
$714
Transportation
3.67%
$585
Apparel
1.86%
$247
Not shown because the BLS began these indexes after 1967: recreation (1993–), education & communication (1993–).
Decade by decade: 1967 to 2016
Prices climbed fastest in the 1970s, averaging 7.82% a year, and slowest in the 2010s (1.61% a year). Each step below chains into the full 1967–2016 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
2010–2016
1.61%
10.1%
$719
Year by year: CPI and the value of $100 from 1967
$100 from 1967 had already become $408 by
1991, on its way to $719 in 2016; 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: 2016
In 2016, prices rose 1.3% and $100 from 1967 had the buying
power of $719; the year's average CPI of 240.007 is the level
behind every 2016 figure on this page.
2016 opened with the cheapest oil in more than a decade and closed with a
change in political direction. Crude fell to about $26 a barrel in February,
and gasoline averaged $2.14 a gallon for the year, its lowest annual
average since 2004. Headline inflation was 1.3%, a modest rebound from 2015’s
0.1%, though prices excluding food and energy rose faster, driven by rents and
health care.
Median household income rose to $59,039, the second large gain in a row, and
the median new home sold for about $307,800. The federal minimum wage held at
$7.25, and a first-class stamp fell to 47 cents after a January rate cut, a
rare decrease.
Two votes changed the outlook. Britain’s June decision to leave the European
Union unsettled currency markets, and the U.S. election in November raised
expectations of tax cuts, deficits, and faster growth, sending long-term
interest rates higher. OPEC’s November output cut ended the oil slump, and the
Federal Reserve made its second rate increase in December, to 0.50–0.75%.
MLA: “Inflation from 1967 to 2016: $100 is worth $719 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1967-to-2016/
APA: InflationCalculator.com. Inflation from 1967 to 2016. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1967-to-2016/