# \$9.50 in 1970 → \$59.93 in 2017

## Inflation Calculator

\$

### U.S. Inflation Rate, 1970-2017 (\$9.50)

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 4.00% per year. Prices in 2017 are 530.8% higher than prices in 1970.

In other words, \$9.50 in the year 1970 is equivalent in purchasing power to \$59.93 in 2017, a difference of \$50.43 over 47 years.

The inflation rate in 2017 was 1.99%.

 Cumulative price change 530.84% Average inflation rate 4.00% Price difference (\$9.50 base) \$50.43 CPI in 1970 38.8 CPI in 2017 244.786

#### Inflation rates for specific categories

Wireless telephone services · Food · Hospital services · More

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

### How to calculate the inflation rate for \$9.50, 1970 to 2017

CPI in 2017 / CPI in 1970 * 1970 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 38.8 in the year 1970 and 244.786 in 2017:

244.786 / 38.8 * \$9.50 = \$59.93

\$9.50 in 1970 has the same "purchasing power" as \$59.93 in 2017.