U.S. inflation · 1968–2022
$100 in 1968 has the same buying power as
$841
in 2022
| Cumulative price change | 741.0% |
|---|---|
| Average inflation rate | 4.02% per year |
| Converted amount ($100 base) | $841 |
| Price difference ($100 base) | $741 |
| CPI in 1968 | 34.8 |
| CPI in 2022 | 292.655 |
| Inflation in 1968 | 4.19% |
| Inflation in 2022 | 8.00% |
| $100 in 1968 → 2022 | $841 |
| $100 in 2022 → 1968 | $11.89 |
Between 1968 and 2022, the Consumer Price Index went from 34.8 to 292.655. Cumulatively, prices increased 741.0%, which works out to an average of 4.02% per year. Put differently, a dollar in 1968 bought what $0.12 buys in 2022.
| Amount in 1968 | Value in 2022 |
|---|---|
| $1.00 | $8.41 |
| $5.00 | $42.05 |
| $10.00 | $84.10 |
| $20.00 | $168 |
| $50.00 | $420 |
| $100 | $841 |
| $500 | $4,205 |
| $1,000 | $8,410 |
| $5,000 | $42,048 |
| $10,000 | $84,096 |
| $100,000 | $840,963 |
| $1,000,000 | $8,409,626 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1968 spending costs in 2022, by category:
| Category | Avg. yearly inflation | $100 in 1968 → |
|---|---|---|
| All items (CPI-U) | 4.02% | $841 |
| Medical care | 5.53% | $1,828 |
| Energy | 4.76% | $1,233 |
| Housing | 4.24% | $940 |
| Food | 4.08% | $865 |
| Core (all items less food & energy) | 3.95% | $811 |
| Transportation | 3.87% | $776 |
| Apparel | 1.61% | $237 |
Not shown because the BLS began these indexes after 1968: recreation (1993–), education & communication (1993–).
| Year | CPI | Inflation rate | $100 from 1968 |
|---|---|---|---|
| 1968 | 34.8 | 4.2% | $100 |
| 1970 | 38.8 | 5.7% | $111 |
| 1972 | 41.8 | 3.2% | $120 |
| 1974 | 49.3 | 11.0% | $142 |
| 1976 | 56.9 | 5.8% | $164 |
| 1978 | 65.2 | 7.6% | $187 |
| 1980 | 82.4 | 13.5% | $237 |
| 1982 | 96.5 | 6.2% | $277 |
| 1984 | 103.9 | 4.3% | $299 |
| 1986 | 109.6 | 1.9% | $315 |
| 1988 | 118.3 | 4.1% | $340 |
| 1990 | 130.7 | 5.4% | $376 |
| 1992 | 140.3 | 3.0% | $403 |
| 1994 | 148.2 | 2.6% | $426 |
| 1996 | 156.9 | 3.0% | $451 |
| 1998 | 163 | 1.6% | $468 |
| 2000 | 172.2 | 3.4% | $495 |
| 2002 | 179.9 | 1.6% | $517 |
| 2004 | 188.9 | 2.7% | $543 |
| 2006 | 201.6 | 3.2% | $579 |
| 2008 | 215.303 | 3.8% | $619 |
| 2010 | 218.056 | 1.6% | $627 |
| 2012 | 229.594 | 2.1% | $660 |
| 2014 | 236.736 | 1.6% | $680 |
| 2016 | 240.007 | 1.3% | $690 |
| 2018 | 251.107 | 2.4% | $722 |
| 2020 | 258.811 | 1.2% | $744 |
| 2022 | 292.655 | 8.0% | $841 |
Long periods are sampled every 2 years; the calculator above covers any pair of years.
2022 was the year inflation returned. Consumer prices rose 8.0% on average, the worst since 1981, driven by pandemic-era supply chains, stimulus-fueled demand, and an energy shock from the war in Ukraine. Gas briefly topped $5 a gallon nationally for the first time ever, and “inflation” became the top-ranked economic concern in nearly every poll of American households.
MLA: “Inflation from 1968 to 2022: $100 is worth $841 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1968-to-2022/
APA: InflationCalculator.com. Inflation from 1968 to 2022. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1968-to-2022/
Source: U.S. Bureau of Labor Statistics, CPI-U annual averages (series CUUR0000SA0; category indexes listed on the data sources page). See how these numbers are calculated.