# Value of 1967 US Dollars today

\$100 in 1967

\$782.32 in 2020

The inflation rate in the United States between 1967 and today has been 682.32%, which translates into a total increase of \$682.32. This means that 100 dollars in 1967 are equivalent to 782.32 dollars in 2020. In other words, the purchasing power of \$100 in 1967 equals \$782.32 today. The average annual inflation rate has been 3.88%.

## Inflation timeline in the United States (1967-2020)

The following chart depicts the equivalence of \$100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (USD) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1967-2020) 681.08%
Total Inflation* 682.32%
Annual inflation avg. (1967-2020) 3.95%
Annual inflation avg.* 3.88%
CPI 1967 13.88
CPI 2020 108.42
CPI today* 108.59
\$1 in 1967 \$7.81 in 2020

* Values extrapolated from the last official data to obtain today's values.

## How to calculate today's value of money after inflation?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the compound interest formula or the Consumer Price Index (CPI) formula.

#### Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as a compound interest, the following formula can be used: FV = PV (1 + i)n, where:

• FV: Future Value
• PV: Present Value
• i: Interest rate (inflation)
• n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are \$100 worth today. There are 53 years between 1967 and 2020 and the average inflation rate has been 3.8829%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = \$100 * (1 + 0.04)53 = \$781.08

#### Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1967 was 13.88 and the CPI today is 108.59. Therefore,

Final value = Initial value *
CPI final/CPI initial
= \$100 *
108.42/13.88
= \$781.08

### USA inflation - Conversion table

Initial Value Equivalent value
\$1 dollar in 1967 \$7.82 dollars today
\$5 dollars in 1967 \$39.12 dollars today
\$10 dollars in 1967 \$78.23 dollars today
\$50 dollars in 1967 \$391.16 dollars today
\$100 dollars in 1967 \$782.32 dollars today
\$500 dollars in 1967 \$3,911.58 dollars today
\$1,000 dollars in 1967 \$7,823.16 dollars today
\$5,000 dollars in 1967 \$39,115.79 dollars today
\$10,000 dollars in 1967 \$78,231.57 dollars today
\$50,000 dollars in 1967 \$391,157.87 dollars today
\$100,000 dollars in 1967 \$782,315.74 dollars today
\$500,000 dollars in 1967 \$3,911,578.68 dollars today
\$1,000,000 dollars in 1967 \$7,823,157.36 dollars today

Period Value
1967 100
1968 103.04
1969 107.9
1970 114.59
1971 120.97
1972 124.92
1973 129.18
1974 140.43
1975 157.75
1976 168.69
1977 176.9
1978 188.75
1979 205.78
1980 233.13
1981 262.31
1982 285.71
1983 296.66
1984 307.9
1985 320.06
1986 332.22
1987 335.87
1988 350.76
1989 366.26
1990 383.28
1991 406.69
1992 419.15
1993 431.31
1994 443.16
1995 455.02
1996 466.57
1997 482.07
1998 490.27
1999 498.18
2000 511.55
2001 528.88
2002 537.08
2003 549.85
2004 560.18
2005 578.42
2006 598.18
2007 613.37
2008 638.41
2009 638.99
2010 656.38
2011 666.2
2012 685.93
2013 697.88
2014 708.36
2015 713.71
2016 718.92
2017 733.84
2018 749.31
2019 763.63
2020 781.08
Today 782.32