U.S. inflation rate in 1963: 1.32%

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U.S. Inflation Rate, 1963-2017 ($1)

The consumer price index (CPI) in 1963 was 30.6. 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 3.93% per year. Prices in 2017 are 700.0% higher than prices in 1963.

In other words, $1 in the year 1963 is equivalent to $8.00 in 2017, a difference of $7.00 over 54 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 1963 to 2017
Cumulative price change 700.00%
Average inflation rate 3.93%
Price difference ($1 base) $7.00
CPI in 1963 30.6
CPI in 2017 244.786


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

College tuition and fees · Gasoline (all types) · Fresh fruits · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 1963

Start with the inflation rate formula:

CPI in 2017 / CPI in 1963 * 1963 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 30.6 in the year 1963 and 244.786 in 2017:

244.786 / 30.6 * $1 = $8.00

$1 in 1963 has the same "purchasing power" as $8.00 in 2017.


News headlines from 1963

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

  • Iran is besieged and Ayatollah Khomeini is arrested.
  • President John F. Kennedy says segregation is morally wrong and appeals for action.
  • Sarawak is granted independence from British colonial rule.
  • The "I have a dream" speech is delivered by Martin Luther King Jr addressing civil rights march in Washington.
  • John F. Kennedy is assassinated by Lee Harvey Oswald in Dallas.

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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