$100 in 1967 is worth $752 in 2018,
because prices increased 651.8% over that period, an average of
4.03% a year.
$100 in 1967 has
the same buying power as
$752
in 2018
Detailed inflation statistics
Cumulative price change
651.8%
Average inflation rate
4.03% per year
Converted amount ($100 base)
$752
Price difference ($100 base)
$652
CPI in 1967
33.4
CPI in 2018
251.107
Inflation in 1967
3.09%
Inflation in 2018
2.44%
$100 in 1967 → 2018
$752
$100 in 2018 → 1967
$13.30
What happened to prices between 1967 and 2018
Between 1967 and 2018, the Consumer Price Index went from 33.4 to 251.107.
Cumulatively, prices increased 651.8%, which works out to an average of
4.03% per year. Put differently, a dollar in 1967 bought what
$0.13 buys in 2018: the 1967 dollar
lost 86.7% of its purchasing power over
these 51 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 2018 at the same ratio, 7.52: $1,000 becomes
$7,518, and $10,000 becomes $75,182.
Amount in 1967
Value in 2018
$1.00
$7.52
$5.00
$37.59
$10.00
$75.18
$20.00
$150
$50.00
$376
$100
$752
$500
$3,759
$1,000
$7,518
$5,000
$37,591
$10,000
$75,182
$100,000
$751,817
$1,000,000
$7,518,174
Inflation by spending category, 1967–2018
Between 1967 and 2018, medical care rose the most, up 1618.8%, while apparel rose the least, up 146.4%, against 651.8% for all items. The headline number is an average; here is what $100 of 1967
spending costs in 2018, by category:
Category
Avg. yearly inflation
$100 in 1967 →
All items (CPI-U)
4.03%
$752
Medical care
5.74%
$1,719
Energy
4.46%
$924
Housing
4.26%
$839
Food
4.01%
$744
Core (all items less food & energy)
4.01%
$742
Transportation
3.68%
$633
Apparel
1.78%
$246
Not shown because the BLS began these indexes after 1967: recreation (1993–), education & communication (1993–).
Decade by decade: 1967 to 2018
Prices climbed fastest in the 1970s, averaging 7.82% a year, and slowest in the 2010s (1.78% a year). Each step below chains into the full 1967–2018 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
2010–2018
1.78%
15.2%
$752
Year by year: CPI and the value of $100 from 1967
$100 from 1967 had already become $433 by
1993, on its way to $752 in 2018; 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: 2018
In 2018, prices rose 2.4% and $100 from 1967 had the buying
power of $752; the year's average CPI of 251.107 is the level
behind every 2018 figure on this page.
2018 was the peak of the late-2010s expansion. Consumer prices rose 2.4%,
the fastest since 2011, with gasoline averaging $2.72 a gallon after a summer
high. Unemployment fell to 3.7% in September, the lowest since 1969, and median
household income reached $63,179. The median new home sold for about $331,800,
and a first-class stamp cost 50 cents. The federal minimum wage was still $7.25.
Trade policy became a price factor for the first time in decades. New tariffs
on steel, aluminum, and a growing list of Chinese goods raised costs for
manufacturers and some consumer products, and retaliation cut into exports of
soybeans and other farm goods.
The Federal Reserve, led from February by Jerome Powell, raised rates four
times to 2.25–2.50%. A stock-market drop of nearly 20% in the fourth quarter
led the Fed to signal a pause in early 2019. Oil fell from over $75 a barrel in
October to below $50 by December, which pulled headline inflation lower going
into the next year.
MLA: “Inflation from 1967 to 2018: $100 is worth $752 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1967-to-2018/
APA: InflationCalculator.com. Inflation from 1967 to 2018. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1967-to-2018/