$100 in 1967 is worth $912 in 2023,
because prices increased 812.3% over that period, an average of
4.03% a year.
$100 in 1967 has
the same buying power as
$912
in 2023
Detailed inflation statistics
Cumulative price change
812.3%
Average inflation rate
4.03% per year
Converted amount ($100 base)
$912
Price difference ($100 base)
$812
CPI in 1967
33.4
CPI in 2023
304.702
Inflation in 1967
3.09%
Inflation in 2023
4.12%
$100 in 1967 → 2023
$912
$100 in 2023 → 1967
$10.96
What happened to prices between 1967 and 2023
Between 1967 and 2023, the Consumer Price Index went from 33.4 to 304.702.
Cumulatively, prices increased 812.3%, which works out to an average of
4.03% per year. Put differently, a dollar in 1967 bought what
$0.11 buys in 2023: the 1967 dollar
lost 89.0% of its purchasing power over
these 56 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 2023 at the same ratio, 9.12: $1,000 becomes
$9,123, and $10,000 becomes $91,228.
Amount in 1967
Value in 2023
$1.00
$9.12
$5.00
$45.61
$10.00
$91.23
$20.00
$182
$50.00
$456
$100
$912
$500
$4,561
$1,000
$9,123
$5,000
$45,614
$10,000
$91,228
$100,000
$912,281
$1,000,000
$9,122,814
Inflation by spending category, 1967–2023
Between 1967 and 2023, medical care rose the most, up 1847.1%, while apparel rose the least, up 156.0%, against 812.3% for all items. The headline number is an average; here is what $100 of 1967
spending costs in 2023, by category:
Category
Avg. yearly inflation
$100 in 1967 →
All items (CPI-U)
4.03%
$912
Medical care
5.44%
$1,947
Energy
4.52%
$1,190
Housing
4.27%
$1,040
Food
4.10%
$947
Core (all items less food & energy)
3.98%
$889
Transportation
3.79%
$802
Apparel
1.69%
$256
Not shown because the BLS began these indexes after 1967: recreation (1993–), education & communication (1993–).
Decade by decade: 1967 to 2023
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 1967–2023 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
2020–2023
5.59%
17.7%
$912
Year by year: CPI and the value of $100 from 1967
$100 from 1967 had already become $456 by
1995, on its way to $912 in 2023; 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: 2023
In 2023, prices rose 4.1% and $100 from 1967 had the buying
power of $912; the year's average CPI of 304.702 is the level
behind every 2023 figure on this page.
2023 was the year inflation came down without a recession. Consumer prices
rose 4.1% on average, roughly half of 2022’s 8.0%, and the December-to-December
rate fell to 3.4%. Gasoline averaged $3.52 a gallon, well below the 2022
average, and supply-chain pressure on goods eased. Shelter, restaurant meals,
and other services stayed expensive, so the CPI kept rising at a rate well
above the pre-pandemic pace.
The Federal Reserve completed its rate-hiking campaign in July, taking the
policy rate to 5.25–5.50%, the highest level in 22 years. The effects showed
up in banking: Silicon Valley Bank failed in March after rate increases eroded
the value of its bond portfolio, the second-largest bank failure in U.S.
history at the time. Despite that, unemployment stayed under 4% all year.
Median household income was $80,610 according to the Census Bureau. The
federal minimum wage stayed at $7.25, and a first-class stamp rose to 66 cents
in July.
MLA: “Inflation from 1967 to 2023: $100 is worth $912 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1967-to-2023/
APA: InflationCalculator.com. Inflation from 1967 to 2023. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1967-to-2023/