U.S. inflation rate in 1968: 4.19%

Inflation Calculator


U.S. Inflation Rate, 1968-2018 ($1)

The consumer price index (CPI) in 1968 was 34.8. 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 4.01% per year. Prices in 2018 are 615.0% higher than prices in 1968.

In other words, $1 in the year 1968 is equivalent in purchasing power to $7.15 in 2018, a difference of $6.15 over 50 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 1968 to 2018
Cumulative price change 615.00%
Average inflation rate 4.01%
Price difference ($1 base) $6.15
CPI in 1968 34.8
CPI in 2018 248.991

U.S. inflation from 1913 to 2017

Inflation rates for specific categories

Wine at home · Legal services · Public transportation · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 1968

Start with the inflation rate formula:

CPI in 2018 / CPI in 1968 * 1968 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 34.8 in the year 1968 and 248.991 in 2018:

248.991 / 34.8 * $1 = $7.15

$1 in 1968 has the same "purchasing power" as $7.15 in 2018.

News headlines from 1968

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

  • The Battle of Khe Sanh begins it is one of the most controversial battles of the Vietnam War.
  • A photograph that later became an anti-war icon, is taken: it captures Saigon police chief Nguyễn Ngọc Loan executing Viet Cong officer Nguyễn Văn Lém with a pistol shot to the head.
  • Martin Luther King Jr is assassinated in Memphis, Tennessee.
  • France becomes the world's 5th thermonuclear power after the Mururoa Atoll detonation.

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 1968 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 17 Apr. 2018, http://www.in2013dollars.com/inflation-rate-in-1968.

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