The consumer price index (CPI) in 1967 was 33.4. 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 4.06% per year. Prices in 2017 are 633.0% higher than prices in 1967.
In other words, $1 in the year 1967 is equivalent to $7.33 in 2017, a difference of $6.33 over 50 years.
|Cumulative price change||633.00%|
|Average inflation rate||4.06%|
|Price difference ($1 base)||$6.33|
|CPI in 1967||33.4|
|CPI in 2017||244.786|
Politics and news often play an important role in economic performance.
Inflation Data Source: The Bureau of Labor Statistics' Consumer Price Index (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.