# \$23 in 1972 → \$132.06 in 2016

## Inflation Calculator

\$

### U.S. Inflation Rate, 1972-2016 (\$23)

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 4.05% per year. Prices in 2016 are 474.2% higher than prices in 1972.

In other words, \$23 in the year 1972 is equivalent in purchasing power to \$132.06 in 2016, a difference of \$109.06 over 44 years.

The inflation rate in 2016 was 1.26%.

 Cumulative price change 474.17% Average inflation rate 4.05% Price difference (\$23 base) \$109.06 CPI in 1972 41.8 CPI in 2016 240.007

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### How to calculate the inflation rate for \$23, 1972 to 2016

CPI in 2016 / CPI in 1972 * 1972 USD value = 2016 USD value

Then plug in historical CPI values. The U.S. CPI was 41.8 in the year 1972 and 240.007 in 2016:

240.007 / 41.8 * \$23 = \$132.06

\$23 in 1972 has the same "purchasing power" as \$132.06 in 2016.