According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 4.01% per year. Prices in 2017 are 485.6% higher than prices in 1972.
In other words, $20 in the year 1972 is equivalent in purchasing power to $117.12 in 2017, a difference of $97.12 over 45 years.
The inflation rate in 2017 was 1.99%.
|Cumulative price change||485.60%|
|Average inflation rate||4.01%|
|Price difference ($20 base)||$97.12|
|CPI in 1972||41.8|
|CPI in 2017||244.786|
Politics and news often influence economic performance. Here's what was happening at the time:
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: “$20 in 1972 → 2017 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 22 Mar. 2018, http://www.in2013dollars.com/1972-dollars-in-2017?amount=20.