U.S. inflation rate in 1966: 2.86%

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U.S. Inflation Rate, 1966-2017 ($1)

The consumer price index (CPI) in 1966 was 32.4. 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 4.05% per year. Prices in 2017 are 656.0% higher than prices in 1966.

In other words, $1 in the year 1966 is equivalent to $7.56 in 2017, a difference of $6.56 over 51 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 1966 to 2017
Cumulative price change 656.00%
Average inflation rate 4.05%
Price difference ($1 base) $6.56
CPI in 1966 32.4
CPI in 2017 244.786


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Hospital services · Fish and seafood · Wireless telephone services · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 1966

Start with the inflation rate formula:

CPI in 2017 / CPI in 1966 * 1966 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 32.4 in the year 1966 and 244.786 in 2017:

244.786 / 32.4 * $1 = $7.56

$1 in 1966 has the same "purchasing power" as $7.56 in 2017.


News headlines from 1966

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

  • Soviet Luna 9 lands on the Moon.
  • Demonstrations are held against the Vietnam War in the United States, Europe and Australia.
  • A treaty prohibiting the use of nuclear weapons in outer space is signed by the United States and the USSR.

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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