$100 in 1967 is worth $734 in 2017,
because prices increased 633.9% over that period, an average of
4.07% a year.
$100 in 1967 has
the same buying power as
$734
in 2017
Detailed inflation statistics
Cumulative price change
633.9%
Average inflation rate
4.07% per year
Converted amount ($100 base)
$734
Price difference ($100 base)
$634
CPI in 1967
33.4
CPI in 2017
245.12
Inflation in 1967
3.09%
Inflation in 2017
2.13%
$100 in 1967 → 2017
$734
$100 in 2017 → 1967
$13.63
What happened to prices between 1967 and 2017
Between 1967 and 2017, the Consumer Price Index went from 33.4 to 245.12.
Cumulatively, prices increased 633.9%, which works out to an average of
4.07% per year. Put differently, a dollar in 1967 bought what
$0.14 buys in 2017: the 1967 dollar
lost 86.4% of its purchasing power over
these 50 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 2017 at the same ratio, 7.34: $1,000 becomes
$7,339, and $10,000 becomes $73,389.
Amount in 1967
Value in 2017
$1.00
$7.34
$5.00
$36.69
$10.00
$73.39
$20.00
$147
$50.00
$367
$100
$734
$500
$3,669
$1,000
$7,339
$5,000
$36,695
$10,000
$73,389
$100,000
$733,892
$1,000,000
$7,338,922
Inflation by spending category, 1967–2017
Between 1967 and 2017, medical care rose the most, up 1585.5%, while apparel rose the least, up 146.3%, against 633.9% for all items. The headline number is an average; here is what $100 of 1967
spending costs in 2017, by category:
Category
Avg. yearly inflation
$100 in 1967 →
All items (CPI-U)
4.07%
$734
Medical care
5.81%
$1,686
Energy
4.40%
$859
Housing
4.29%
$816
Food
4.07%
$733
Core (all items less food & energy)
4.05%
$727
Transportation
3.67%
$605
Apparel
1.82%
$246
Not shown because the BLS began these indexes after 1967: recreation (1993–), education & communication (1993–).
Decade by decade: 1967 to 2017
Prices climbed fastest in the 1970s, averaging 7.82% a year, and slowest in the 2010s (1.69% a year). Each step below chains into the full 1967–2017 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
2010–2017
1.69%
12.4%
$734
Year by year: CPI and the value of $100 from 1967
$100 from 1967 had already become $408 by
1991, on its way to $734 in 2017; 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: 2017
In 2017, prices rose 2.1% and $100 from 1967 had the buying
power of $734; the year's average CPI of 245.12 is the level
behind every 2017 figure on this page.
2017 pushed consumer prices back above the Federal Reserve’s 2% target. The
CPI rose 2.1%, the first reading over 2% in five years, helped by a rebound
in energy after OPEC’s output cuts and by a storm-related spike at the pump:
Hurricane Harvey shut a large part of Gulf Coast refining in late August.
Gasoline averaged $2.42 a gallon, up from $2.14 in 2016.
Household incomes kept rising. The median household income reached $61,372,
and the median new home sold for about $322,100. The federal minimum wage
stayed at $7.25, its eighth year at that level, and a first-class stamp rose
to 49 cents.
The Fed raised rates three times, to 1.25–1.50%, and in October began
letting its bond holdings shrink. Congress passed the Tax Cuts and Jobs Act
in December, lowering the corporate rate to 21%. Even with unemployment near
4%, core inflation stayed under 2%, a puzzle that shaped Fed debates for the
next two years.
MLA: “Inflation from 1967 to 2017: $100 is worth $734 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1967-to-2017/
APA: InflationCalculator.com. Inflation from 1967 to 2017. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1967-to-2017/