# U.S. inflation rate in 1966: 2.86%

## Inflation Calculator

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### Inflation since 1966 and its effect on dollar value

The consumer price index (CPI) in 1966 was 32.4. It was 31.5 in the previous year. This change in CPI is used by the Bureau of Labor Statistics to calculate inflation.

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 4.02% per year. Prices in 2018 are 676.5% higher than prices in 1966.

In other words, \$100 in 1966 is equivalent in purchasing power to \$776.51 in 2018, a difference of \$676.51 over 52 years.

The current inflation rate is now 2.80%1. If this number holds, \$100 today will be equivalent to \$102.80 next year. The current inflation rate page gives more detail on the latest official inflation rates.

 Cumulative price change 676.51% Average inflation rate 4.02% Converted amount (\$100 base) \$776.51 Price difference (\$100 base) \$676.51 CPI in 1966 32.4 CPI in 2018 251.59

#### Inflation rates for specific categories

Wireless telephone services · Televisions · Rent of primary residence · More

#### Inflation-adjusted measures

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

### How to calculate the inflation rate for \$100 since 1966

This inflation calculator uses the following 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 251.59 in 2018:

251.59 / 32.4 * \$100 = \$776.51

\$100 in 1966 has the same "purchasing power" or "buying power" as \$776.51 in 2018.

Here are calculations of buying power over time for \$100 in 1966 (price index tracking began in 1913). Each of these USD amounts below is equivalent in terms of what it could buy at the time:
Year USD Value Inflation Rate
1966 \$100.00 2.86%
1967 \$103.09 3.09%
1968 \$107.41 4.19%
1969 \$113.27 5.46%
1970 \$119.75 5.72%
1971 \$125.00 4.38%
1972 \$129.01 3.21%
1973 \$137.04 6.22%
1974 \$152.16 11.04%
1975 \$166.05 9.13%
1976 \$175.62 5.76%
1977 \$187.04 6.50%
1978 \$201.23 7.59%
1979 \$224.07 11.35%
1980 \$254.32 13.50%
1981 \$280.56 10.32%
1982 \$297.84 6.16%
1983 \$307.41 3.21%
1984 \$320.68 4.32%
1985 \$332.10 3.56%
1986 \$338.27 1.86%
1987 \$350.62 3.65%
1988 \$365.12 4.14%
1989 \$382.72 4.82%
1990 \$403.40 5.40%
1991 \$420.37 4.21%
1992 \$433.02 3.01%
1993 \$445.99 2.99%
1994 \$457.41 2.56%
1995 \$470.37 2.83%
1996 \$484.26 2.95%
1997 \$495.37 2.29%
1998 \$503.09 1.56%
1999 \$514.20 2.21%
2000 \$531.48 3.36%
2001 \$546.60 2.85%
2002 \$555.25 1.58%
2003 \$567.90 2.28%
2004 \$583.02 2.66%
2005 \$602.78 3.39%
2006 \$622.22 3.23%
2007 \$639.94 2.85%
2008 \$664.52 3.84%
2009 \$662.15 -0.36%
2010 \$673.01 1.64%
2011 \$694.26 3.16%
2012 \$708.62 2.07%
2013 \$719.00 1.46%
2014 \$730.67 1.62%
2015 \$731.53 0.12%
2016 \$740.76 1.26%
2017 \$755.51 1.99%
2018 \$776.51 2.78%*
* Not final. See inflation summary for latest details.

### 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.” U.S. Official Inflation Data, Alioth Finance, 13 Jun. 2018, https://www.officialdata.org/inflation-rate-in-1966.