U.S. inflation rate in 1962: 1.00%

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U.S. Inflation Rate, 1962-2017 ($1)

The consumer price index (CPI) in 1962 was 30.2. the Bureau of Labor Statistics uses this CPI value to track inflation on a monthly basis.

According to the Bureau of Labor Statistics, the dollar experienced an average inflation rate of 3.88% per year. Prices in 2017 are 711.0% higher than prices in 1962.

In other words, $1 in the year 1962 is equivalent to $8.11 in 2017, a difference of $7.11 over 55 years.

The current inflation rate in 2017 is 1.99%1. If this number holds, $1 today will be equivalent to $1.02 next year.

Inflation from 1962 to 2017
Cumulative price change 711.00%
Average inflation rate 3.88%
Price difference ($1 base) $7.11
CPI in 1962 30.2
CPI in 2017 244.786


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Fresh fruits · Juices and nonalcoholic drinks · Gasoline (all types) · More

Inflation-adjusted measures

S&P 500 price · S&P 500 earnings · Shiller P/E

How to calculate the inflation rate for $1 since 1962

Start with the inflation rate formula:

CPI in 2017 / CPI in 1962 * 1962 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 30.2 in the year 1962 and 244.786 in 2017:

244.786 / 30.2 * $1 = $8.11

$1 in 1962 has the same "purchasing power" as $8.11 in 2017.


News headlines from 1962

Politics and news often play an important role in economic performance.

  • The second Vatican Council is convened by Pope John XXIII.
  • The American President, Kennedy, orders the naval blockade of Cuba marking the beginning of the missile crisis.
  • The Cuban missile crisis also known as Black Saturday begins.

Inflation Data Source: The Bureau of Labor Statistics' (CPI), established in 1913. Inflation data from 1665 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University.


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