U.S. inflation rate in 1964: 1.31%

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U.S. Inflation Rate, 1964-2018 ($1)

The consumer price index (CPI) in 1964 was 31. the Bureau of Labor Statistics uses this CPI value to track inflation on a monthly basis.

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.92% per year. Prices in 2018 are 696.0% higher than prices in 1964.

In other words, $1 in the year 1964 is equivalent in purchasing power to $7.96 in 2018, a difference of $6.96 over 54 years.

The current inflation rate in 2018 is 0.77%1. If this number holds, $1 today will be equivalent to $1.01 next year.

Inflation from 1964 to 2018
Cumulative price change 696.00%
Average inflation rate 3.92%
Price difference ($1 base) $6.96
CPI in 1964 31
CPI in 2018 246.669


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Public transportation · Televisions · Baby food · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 1964

Start with the inflation rate formula:

CPI in 2018 / CPI in 1964 * 1964 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 31 in the year 1964 and 246.669 in 2018:

246.669 / 31 * $1 = $7.96

$1 in 1964 has the same "purchasing power" as $7.96 in 2018.


News headlines from 1964

Politics and news often influence economic performance. Here's what was happening at the time:

  • Jomo Kenyatta becomes first President of Kenya after it becomes a republic.
  • Nelson Mandela is sentenced to life-long imprisonment in South Africa.
  • President Lyndon B. Johnson signs the Civil Rights Act and Voting Rights Act into law.

Inflation Data Source

Raw data for these calculations comes from 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.

You may use the following MLA citation for this page: “Inflation Rate in 1964 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 17 Jan. 2018, http://www.in2013dollars.com/inflation-rate-in-1964.


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