Detroit, Michigan prices: $100 in 1963 $100.83 in 1964

Inflation in Michigan

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Prices in Detroit, 1963-1964 ($100)

According to the U.S. Bureau of Labor Statistics, prices in Detroit, Michigan were 0.83% higher in 1964 versus 1963 (a $0.83 difference in value).

Between 1963 and 1964: Detroit experienced an average inflation rate of 0.83% per year. In other words, $100 in Detroit in the year 1963 would cost $100.83 in 1964 for an equivalent purchase. Compared to the overall inflation rate of 1.28% during this same period, inflation in Detroit was lower.

In the year 1963: Pricing changed by 0.98%, which is above the average yearly change in Detroit during the 1963-1964 time period. Compared to inflation for all items in 1963 (1.25%), inflation in Detroit was lower.

Price Inflation in Detroit, Michigan since 1914

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1920 (21.92%), 1918 (21.89%), and 1919 (21.46%).

View price changes for other categories
Admission to sporting events · Philadelphia, Pennsylvania · New cars · Gasoline (all types) · More

Buying power of $100.00 since 1963

Below are calculations of equivalent buying power in Detroit, over time, for $100 beginning in 1963. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1963$100.000.98%
1964$100.830.83%
1965$103.152.30%
1966$107.734.44%
1967$111.343.36%
1968$116.144.31%
1969$123.216.08%
1970$130.826.18%
1971$135.603.65%
1972$140.623.70%
1973$149.786.51%
1974$166.0010.83%
1975$178.377.45%
1976$188.055.43%
1977$200.976.87%
1978$216.237.59%
1979$243.7112.71%
1980$282.4515.90%
1981$308.669.28%
1982$321.164.05%
1983$330.332.85%
1984$341.893.50%
1985$353.783.48%
1986$358.721.40%
1987$369.593.03%
1988$383.643.80%
1989$404.005.31%
1990$424.785.14%
1991$440.293.65%
1992$449.532.10%
1993$461.672.70%
1994$476.243.16%
1995$491.283.16%
1996$504.582.71%
1997$517.052.47%
1998$528.502.21%
1999$542.272.61%
2000$561.343.52%
2001$577.262.84%
2002$591.672.50%
2003$604.192.12%
2004$613.471.53%
2005$630.992.86%
2006$650.333.07%
2007$662.161.82%
2008$678.292.44%
2009$673.02-0.78%
2010$678.750.85%
2011$700.223.16%
2012$715.082.12%
2013$726.541.60%
2014$734.411.08%
2015$724.73-1.32%
2016$735.311.46%
2017$750.262.03%
2018$768.692.46%
2019$778.871.32%
2020$786.801.02%
2021$819.344.14%
2022$886.598.21%
2023$934.835.44%
2024$940.750.63%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.


Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Detroit, Michigan:

Year191419151916191719181919192019211922192319241925192619271928192919301931193219331934193519361937193819391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI9.7009.73310.23311.91714.52517.64221.50819.51717.44217.95818.05018.15818.46718.15817.52517.50817.21715.18313.25011.91712.59213.26713.82514.60814.53314.03314.11715.00016.65817.56717.80018.27519.86722.64224.46724.15024.55026.47527.14227.62527.72527.67528.19229.01729.41729.40829.65029.81729.90830.20030.45031.15032.53333.62535.07537.20839.50840.95042.46745.23350.13353.86756.79260.69265.30073.60085.30093.21796.99299.758103.250106.842108.333111.617115.858122.008128.283132.967135.758139.425143.825148.367152.383156.150159.608163.767169.525174.333178.683182.467185.267190.558196.400199.972204.845203.252204.981211.465215.956219.414221.791218.868222.063226.578232.145235.218237.613247.441267.749282.320284.106

Adjust Detroit prices for inflation

Start with the inflation rate formula:

CPI in 1964 / CPI in 1963 * 1963 USD value = 1964 USD value

Then plug in historical CPI values from above. The CPI for Detroit, Michigan was 30.200 in the year 1963 and 30.450 in 1964:

30.450 / 30.200 * $100 = $100.83

Therefore, according to U.S. Bureau of Labor Statistics, $100 in 1963 has the same "purchasing power" as $100.83 in 1964 (in the CPI category of Detroit, Michigan).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Detroit, Michigan in 1914. In addition to Detroit, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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