$100 in 1968 is worth $901 in 2024,
because prices increased 801.4% over that period, an average of
4.00% a year.
$100 in 1968 has
the same buying power as
$901
in 2024
Detailed inflation statistics
Cumulative price change
801.4%
Average inflation rate
4.00% per year
Converted amount ($100 base)
$901
Price difference ($100 base)
$801
CPI in 1968
34.8
CPI in 2024
313.689
Inflation in 1968
4.19%
Inflation in 2024
2.95%
$100 in 1968 → 2024
$901
$100 in 2024 → 1968
$11.09
What happened to prices between 1968 and 2024
Between 1968 and 2024, the Consumer Price Index went from 34.8 to 313.689.
Cumulatively, prices increased 801.4%, which works out to an average of
4.00% per year. Put differently, a dollar in 1968 bought what
$0.11 buys in 2024: the 1968 dollar
lost 88.9% of its purchasing power over
these 56 years.
Consumer prices rose 4.2% in 1968, up sharply from 1967’s
3.1% and the fastest pace in 17 years, as Vietnam War spending and a tight
labor market pushed inflation higher despite the Federal Reserve’s
earlier tightening. The year was marked by political violence: Martin
Luther King Jr. was assassinated on a motel balcony in Memphis on April
4, touching off rioting in more than 100 cities, and Robert F. Kennedy was
shot in Los Angeles on June 5, moments after winning California’s
Democratic presidential primary, and died the next day. Washington tried
to answer the inflation problem directly that June 28, when Congress
passed a 10% income tax surcharge, the Revenue and Expenditure Control
Act, temporarily raising taxes and cutting spending to cool an economy
overheated by war and Great Society outlays; prices kept accelerating
anyway. The cost of living rose in smaller, more visible ways too:
first-class postage climbed to 6 cents that January 7, and the minimum
wage rose to $1.60 an hour that February 1, the final step of the
increase Congress had set two years earlier. Consumer prices finished
1968 251.5% above their 1913 level.
Every 1968 amount converts to 2024 at the same ratio, 9.01: $1,000 becomes
$9,014, and $10,000 becomes $90,141.
Amount in 1968
Value in 2024
$1.00
$9.01
$5.00
$45.07
$10.00
$90.14
$20.00
$180
$50.00
$451
$100
$901
$500
$4,507
$1,000
$9,014
$5,000
$45,070
$10,000
$90,141
$100,000
$901,405
$1,000,000
$9,014,052
Inflation by spending category, 1968–2024
Between 1968 and 2024, medical care rose the most, up 1785.8%, while apparel rose the least, up 144.8%, against 801.4% for all items. The headline number is an average; here is what $100 of 1968
spending costs in 2024, by category:
Category
Avg. yearly inflation
$100 in 1968 →
All items (CPI-U)
4.00%
$901
Medical care
5.38%
$1,886
Energy
4.47%
$1,155
Housing
4.28%
$1,044
Food
4.07%
$936
Core (all items less food & energy)
3.96%
$879
Transportation
3.76%
$789
Apparel
1.61%
$245
Not shown because the BLS began these indexes after 1968: recreation (1993–), education & communication (1993–).
Decade by decade: 1968 to 2024
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 1968–2024 change:
Years
Avg. yearly inflation
Price change
$100 from 1968, at end
1968–1970
5.59%
11.5%
$111
1970–1980
7.82%
112.4%
$237
1980–1990
4.72%
58.6%
$376
1990–2000
2.80%
31.8%
$495
2000–2010
2.39%
26.6%
$627
2010–2020
1.73%
18.7%
$744
2020–2024
4.93%
21.2%
$901
Year by year: CPI and the value of $100 from 1968
$100 from 1968 had already become $451 by
1996, on its way to $901 in 2024; 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: 2024
In 2024, prices rose 2.9% and $100 from 1968 had the buying
power of $901; the year's average CPI of 313.689 is the level
behind every 2024 figure on this page.
2024 brought inflation close to normal without fully reaching it. Consumer
prices rose 2.9% on average, the smallest yearly increase since 2020, and the
December-to-December rate was also 2.9%. Gasoline averaged $3.30 a gallon,
below 2023’s $3.52. Shelter stayed the biggest driver of the index, so the
pace of price growth in categories that households can’t easily avoid, such as
rent and insurance, lagged the drop in goods and energy costs.
The Federal Reserve declared progress in September, cutting its policy rate
by half a point, the first reduction since the pandemic emergency, and then
by a quarter point in November and again in December. Mortgage rates near 7%
kept the housing market frozen for many would-be buyers.
Median household income was $83,730, the federal minimum wage stayed at $7.25,
and a first-class stamp rose to 73 cents in July. After the November election,
attention turned to how announced tariffs and tax policy might affect prices
in 2025.
MLA: “Inflation from 1968 to 2024: $100 is worth $901 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1968-to-2024/
APA: InflationCalculator.com. Inflation from 1968 to 2024. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1968-to-2024/