$100 in 1967 is worth $775 in 2020,
because prices increased 674.9% over that period, an average of
3.94% a year.
$100 in 1967 has
the same buying power as
$775
in 2020
Detailed inflation statistics
Cumulative price change
674.9%
Average inflation rate
3.94% per year
Converted amount ($100 base)
$775
Price difference ($100 base)
$675
CPI in 1967
33.4
CPI in 2020
258.811
Inflation in 1967
3.09%
Inflation in 2020
1.23%
$100 in 1967 → 2020
$775
$100 in 2020 → 1967
$12.91
What happened to prices between 1967 and 2020
Between 1967 and 2020, the Consumer Price Index went from 33.4 to 258.811.
Cumulatively, prices increased 674.9%, which works out to an average of
3.94% per year. Put differently, a dollar in 1967 bought what
$0.13 buys in 2020: the 1967 dollar
lost 87.1% of its purchasing power over
these 53 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 2020 at the same ratio, 7.75: $1,000 becomes
$7,749, and $10,000 becomes $77,488.
Amount in 1967
Value in 2020
$1.00
$7.75
$5.00
$38.74
$10.00
$77.49
$20.00
$155
$50.00
$387
$100
$775
$500
$3,874
$1,000
$7,749
$5,000
$38,744
$10,000
$77,488
$100,000
$774,883
$1,000,000
$7,748,832
Inflation by spending category, 1967–2020
Between 1967 and 2020, medical care rose the most, up 1740.0%, while apparel rose the least, up 131.5%, against 674.9% for all items. The headline number is an average; here is what $100 of 1967
spending costs in 2020, by category:
Category
Avg. yearly inflation
$100 in 1967 →
All items (CPI-U)
3.94%
$775
Medical care
5.65%
$1,840
Housing
4.19%
$882
Energy
4.07%
$828
Food
3.96%
$784
Core (all items less food & energy)
3.93%
$771
Transportation
3.45%
$605
Apparel
1.60%
$232
Not shown because the BLS began these indexes after 1967: recreation (1993–), education & communication (1993–).
Decade by decade: 1967 to 2020
Prices climbed fastest in the 1970s, averaging 7.82% a year, and slowest in the 2010s (1.73% a year). Each step below chains into the full 1967–2020 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
2010–2020
1.73%
18.7%
$775
Year by year: CPI and the value of $100 from 1967
$100 from 1967 had already become $433 by
1993, on its way to $775 in 2020; 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: 2020
In 2020, prices rose 1.2% and $100 from 1967 had the buying
power of $775; the year's average CPI of 258.811 is the level
behind every 2020 figure on this page.
2020 was the year the pandemic rewired the price data without triggering the
inflation spike that followed it. Consumer prices rose just 1.2% for the
year, the mildest pace since 2015, as COVID-19 lockdowns emptied roads,
closed airports, and crushed energy demand. Oil told the starkest story: on
April 20, U.S. crude futures fell to about negative $37 a barrel, the first
negative settlement in the market’s history, as storage capacity ran out and no one
wanted the physical barrels. Gasoline followed it down, falling to about
$1.80 a gallon nationally that month before recovering to average $2.17 for
the year. Grocery prices moved the other way: pantry stocking and
meatpacking-plant disruptions pushed food-at-home costs up faster than
usual, a rare case of food and energy pulling the index in opposite
directions. Washington answered with the $2.2 trillion CARES Act, signed
March 27, which sent $1,200 payments to most adults and added $600 a week
to unemployment benefits as states ordered widespread business closures.
The Federal Reserve cut its policy rate to near zero in two emergency moves
that same month and pledged to buy Treasury and mortgage bonds “in the
amounts needed” to keep credit markets working, an open-ended commitment
beyond even its 2008 response. None of it showed up in the CPI yet: the
stimulus, the supply shocks, and the reopening whiplash that followed would
build into the fastest inflation in four decades over the next two years.
MLA: “Inflation from 1967 to 2020: $100 is worth $775 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1967-to-2020/
APA: InflationCalculator.com. Inflation from 1967 to 2020. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1967-to-2020/