U.S. inflation · 1968–2023
$100 in 1968 has the same buying power as
$876
in 2023
| Cumulative price change | 775.6% |
|---|---|
| Average inflation rate | 4.02% per year |
| Converted amount ($100 base) | $876 |
| Price difference ($100 base) | $776 |
| CPI in 1968 | 34.8 |
| CPI in 2023 | 304.702 |
| Inflation in 1968 | 4.19% |
| Inflation in 2023 | 4.12% |
| $100 in 1968 → 2023 | $876 |
| $100 in 2023 → 1968 | $11.42 |
Between 1968 and 2023, the Consumer Price Index went from 34.8 to 304.702. Cumulatively, prices increased 775.6%, which works out to an average of 4.02% per year. Put differently, a dollar in 1968 bought what $0.11 buys in 2023.
| Amount in 1968 | Value in 2023 |
|---|---|
| $1.00 | $8.76 |
| $5.00 | $43.78 |
| $10.00 | $87.56 |
| $20.00 | $175 |
| $50.00 | $438 |
| $100 | $876 |
| $500 | $4,378 |
| $1,000 | $8,756 |
| $5,000 | $43,779 |
| $10,000 | $87,558 |
| $100,000 | $875,580 |
| $1,000,000 | $8,755,805 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1968 spending costs in 2023, by category:
| Category | Avg. yearly inflation | $100 in 1968 → |
|---|---|---|
| All items (CPI-U) | 4.02% | $876 |
| Medical care | 5.43% | $1,836 |
| Energy | 4.57% | $1,171 |
| Housing | 4.28% | $1,001 |
| Food | 4.11% | $915 |
| Core (all items less food & energy) | 3.97% | $850 |
| Transportation | 3.80% | $778 |
| Apparel | 1.63% | $243 |
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 |
| 2023 | 304.702 | 4.1% | $876 |
Long periods are sampled every 2 years; the calculator above covers any pair of years.
MLA: “Inflation from 1968 to 2023: $100 is worth $876 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1968-to-2023/
APA: InflationCalculator.com. Inflation from 1968 to 2023. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1968-to-2023/
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.