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Thursday, December 28, 2017
U.S. Inflation Rate, 1965-2016 ($100)
According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 4.06% per year. Prices in 2016 are661.9% higher than prices in 1965.
In other words, $100 in the year 1965 is equivalent to $761.93 in 2016, a difference of $661.93 over 51 years.
$100 in 1965 has the same "purchasing power" as $761.93 in 2016.
News headlines from 1965
Politics and news often influence economic performance. Here's what was happening at the time:
Aleksei Leonov, a Soviet cosmonaut, makes the first Spacewalk, when he leaves the Hos spacecraft for 12 minutes.
Winston Churchill, is given the largest state funeral ever, it takes place in St Paul's Cathedral, London.
The Supreme Court legalises the use of contraception by married couples.
France becomes the third nation in space, after launching its first satellite.
Lyndon B. Johnson, US President, signs the Voting Rights Act, making voting discrimination against minorities illegal.
Inflation Data Source
Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index(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: “1965 dollars in 2016 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 24 Dec. 2017, http://www.in2013dollars.com/1965-dollars-in-2016.