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Value of 1968 US Dollars today

$100 in 1968
$856.49 in 2022

The inflation rate in the United States between 1968 and today has been 756.49%, which translates into a total increase of $756.49. This means that 100 dollars in 1968 are equivalent to 856.49 dollars in 2022. In other words, the purchasing power of $100 in 1968 equals $856.49 today. The average annual inflation rate between these periods has been 4.06%.

Inflation timeline in the United States (1968 - 2022)

The following chart depicts the equivalence of $100 due to compound 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 extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1968-2021 679.02%
Cumulative inflation 1968-today 756.49%
Avg. Annual inflation 1968-2021 3.95%
CPI 1968 14.68
CPI 2021 114.33
CPI 2022-08 (latest official data) 124.96
CPI today 125.69

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 Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 1968 and 2021, use the corresponding CPI values:

Value2021
=Value1968 ×
CPI2021/CPI1968
=$ 100 ×
114.33/14.68
$779.02

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 125.69:

Valuetoday
=Value1968 ×
CPItoday/CPI1968
=$ 100 ×
125.69/14.68
$856.49

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: 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 1968 and 2021 and the average inflation rate was 3.9493%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.039493)53
$779.02

US inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1968 $7.79 dollars in 2021
$5 dollars in 1968 $38.95 dollars in 2021
$10 dollars in 1968 $77.9 dollars in 2021
$50 dollars in 1968 $389.51 dollars in 2021
$100 dollars in 1968 $779.02 dollars in 2021
$500 dollars in 1968 $3,895.11 dollars in 2021
$1,000 dollars in 1968 $7,790.22 dollars in 2021
$5,000 dollars in 1968 $38,951.08 dollars in 2021
$10,000 dollars in 1968 $77,902.16 dollars in 2021
$50,000 dollars in 1968 $389,510.79 dollars in 2021
$100,000 dollars in 1968 $779,021.58 dollars in 2021
$500,000 dollars in 1968 $3,895,107.89 dollars in 2021
$1,000,000 dollars in 1968 $7,790,215.78 dollars in 2021
Cumulative inflation From 1968 756.49%
Avg. annual inflation From 1968 4.06%
CPI 1968 14.68
CPI today 125.69

Value of Dollar over time (by year)

Period Value
1968 100
1969 105.46
1970 111.62
1971 116.41
1972 120.22
1973 127.65
1974 141.76
1975 154.72
1976 163.61
1977 174.25
1978 187.54
1979 208.65
1980 236.92
1981 261.4
1982 277.43
1983 286.34
1984 298.66
1985 309.25
1986 315.12
1987 326.67
1988 339.99
1989 356.4
1990 375.63
1991 391.54
1992 403.4
1993 415.31
1994 426.14
1995 438.09
1996 450.93
1997 461.48
1998 468.64
1999 478.89
2000 495.06
2001 509.06
2002 517.13
2003 528.87
2004 543.03
2005 561.45
2006 579.56
2007 596.1
2008 618.98
2009 616.78
2010 626.9
2011 646.69
2012 660.07
2013 669.74
2014 680.6
2015 681.41
2016 690.01
2017 704.7
2018 721.92
2019 735
2020 744.07
2021 779.02
2022-08 851.47
Today 856.49

All available years

Today's value of US dollars by year:

1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |

Other currencies: