U.S. inflation rate in 1966: 2.86%

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U.S. Inflation Rate, 1966-2018 ($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 consumer price index, the dollar experienced an average inflation rate of 4.00% per year. Prices in 2018 are 668.0% higher than prices in 1966.

In other words, $1 in the year 1966 is equivalent in purchasing power to $7.68 in 2018, a difference of $6.68 over 52 years.

The current inflation rate in 2018 is 1.72%1. If this number holds, $1 today will be equivalent to $1.02 next year.

Inflation from 1966 to 2018
Cumulative price change 668.00%
Average inflation rate 4.00%
Price difference ($1 base) $6.68
CPI in 1966 32.4
CPI in 2018 248.991


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Wine at home · Medical care · Film and photographic supplies · 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 2018 / CPI in 1966 * 1966 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 32.4 in the year 1966 and 248.991 in 2018:

248.991 / 32.4 * $1 = $7.68

$1 in 1966 has the same "purchasing power" as $7.68 in 2018.


News headlines from 1966

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

  • 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

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 1966 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 18 Apr. 2018, http://www.in2013dollars.com/inflation-rate-in-1966.


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