Between 1968 and 1970, the Consumer Price Index went from 34.8 to 38.8.
Cumulatively, prices increased 11.5%, which works out to an average of
5.59% per year. Put differently, a dollar in 1968 bought what
$0.90 buys in 1970.
Common amounts: 1968 dollars in 1970
Amount in 1968
Value in 1970
$1.00
$1.11
$5.00
$5.57
$10.00
$11.15
$20.00
$22.30
$50.00
$55.75
$100
$111
$500
$557
$1,000
$1,115
$5,000
$5,575
$10,000
$11,149
$100,000
$111,494
$1,000,000
$1,114,943
Inflation by spending category, 1968–1970
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1968 spending costs in 1970, by category:
Category
Avg. yearly inflation
$100 in 1968 →
All items (CPI-U)
5.59%
$111
Housing
6.65%
$114
Medical care
6.64%
$114
Core (all items less food & energy)
6.02%
$112
Food
5.38%
$111
Apparel
5.00%
$110
Transportation
4.56%
$109
Energy
2.65%
$105
Not shown because the BLS began these indexes after 1968: recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1968 to 1970: $100 is worth $111 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1968-to-1970/
APA: InflationCalculator.com. Inflation from 1968 to 1970. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1968-to-1970/