U.S. inflation rate in 1968: 4.19%

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U.S. Inflation Rate, 1968-2017 ($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, the dollar experienced an average inflation rate of 4.06% per year. Prices in 2017 are 603.0% higher than prices in 1968.

In other words, $1 in the year 1968 is equivalent to $7.03 in 2017, a difference of $6.03 over 49 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 1968 to 2017
Cumulative price change 603.00%
Average inflation rate 4.06%
Price difference ($1 base) $6.03
CPI in 1968 34.8
CPI in 2017 244.786

U.S. inflation from 1913 to 2017

Inflation rates for specific categories

Alcoholic beverages · Public transportation · Medical care · 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 2017 / CPI in 1968 * 1968 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 34.8 in the year 1968 and 244.786 in 2017:

244.786 / 34.8 * $1 = $7.03

$1 in 1968 has the same "purchasing power" as $7.03 in 2017.

News headlines from 1968

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

  • 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: 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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