$1 in 1975 → $0.83 in 1973

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$1 in 1975 → $0.83 in 1973

U.S. Inflation Rate, $1 in 1975 to 1973

According to the Bureau of Labor Statistics consumer price index, prices in 1973 are 17.47% lower than average prices throughout 1975. The dollar experienced an average inflation rate of 10.08% per year during this period, meaning the real value of a dollar decreased.

In other words, $1 in 1975 is equivalent in purchasing power to about $0.83 in 1973, a difference of $-0.17 over 2 years.

The 1973 inflation rate was 6.22%. The inflation rate in 1975 was 9.13%. The 1975 inflation rate is higher compared to the average inflation rate of 3.61% per year between 1975 and 2019.


Inflation from 1975 to 1973
Cumulative price change -17.47%
Average inflation rate 10.08%
Converted amount ($1 base) $0.83
Price difference ($1 base) $-0.17
CPI in 1975 53.800
CPI in 1973 44.400
Inflation in 1973 6.22%
Inflation in 1975 9.13%

USD Inflation since 1913
Annual Rate, U.S. Bureau of Labor Statistics CPI
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Buying power of $1 in 1973

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for $1 in 1973 (price index tracking began in 1635).

According to the Bureau of Labor Statistics, each of these USD amounts below is equal in terms of what it could buy at the time:

Year Dollar Value Inflation Rate
1973 $1.00 6.22%
1974 $1.11 11.04%
1975 $1.21 9.13%
1976 $1.28 5.76%
1977 $1.36 6.50%
1978 $1.47 7.59%
1979 $1.64 11.35%
1980 $1.86 13.50%
1981 $2.05 10.32%
1982 $2.17 6.16%
1983 $2.24 3.21%
1984 $2.34 4.32%
1985 $2.42 3.56%
1986 $2.47 1.86%
1987 $2.56 3.65%
1988 $2.66 4.14%
1989 $2.79 4.82%
1990 $2.94 5.40%
1991 $3.07 4.21%
1992 $3.16 3.01%
1993 $3.25 2.99%
1994 $3.34 2.56%
1995 $3.43 2.83%
1996 $3.53 2.95%
1997 $3.61 2.29%
1998 $3.67 1.56%
1999 $3.75 2.21%
2000 $3.88 3.36%
2001 $3.99 2.85%
2002 $4.05 1.58%
2003 $4.14 2.28%
2004 $4.25 2.66%
2005 $4.40 3.39%
2006 $4.54 3.23%
2007 $4.67 2.85%
2008 $4.85 3.84%
2009 $4.83 -0.36%
2010 $4.91 1.64%
2011 $5.07 3.16%
2012 $5.17 2.07%
2013 $5.25 1.46%
2014 $5.33 1.62%
2015 $5.34 0.12%
2016 $5.41 1.26%
2017 $5.52 2.13%
2018 $5.66 2.44%
2019 $5.78 2.18%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

Inflation by City

Inflation can vary widely by city, even within the United States. Here's how some cities fared in 1975 to 1973 (figures shown are purchasing power equivalents of $1):

Houston, Texas experienced the highest rate of inflation during the 2 years between 1973 and 1975 (11.67%).

Detroit, Michigan experienced the lowest rate of inflation during the 2 years between 1973 and 1975 (9.13%).

Note that some locations showing 0% inflation may have not yet reported latest data.


Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1975 would be equivalent to £0.69 in 1973, an absolute change of £-0.31 and a cumulative change of -30.64%.

In Canada, CA$1.00 in 1975 would be equivalent to CA$0.81 in 1973, an absolute change of CA$-0.19 and a cumulative change of -18.87%.

Compare these numbers to the US's overall absolute change of $-0.17 and total percent change of -17.47%.


Inflation by Spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. This chart shows the average rate of inflation for select CPI categories between 1975 and 1973.

Compare these values to the overall average of 10.08% per year:

Category Avg Inflation (%) Total Inflation (%) $1 in 1973 → 1975
Food 11.40 24.11 1.24
Shelter 9.79 20.54 1.21
Energy 19.54 42.91 1.43
Apparel 5.92 12.20 1.12
New vehicles 0.00 0.00 1.00
Used cars and trucks 0.00 0.00 1.00
Transportation services 5.61 11.54 1.12
Medical care services 11.41 24.12 1.24
Medical care commodities 5.91 12.17 1.12

It's important to note that not all categories may be tracked since 1975. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $1, 1973 to 1975

This inflation calculator uses the following inflation rate formula:

CPI in 1973CPI in 1975
×
1975 USD value
=
1973 USD value

Then plug in historical CPI values. The U.S. CPI was 53.8 in the year 1975 and 44.4 in 1973:

44.453.8
×
$1
=
$0.83

$1 in 1975 has the same "purchasing power" or "buying power" as $0.83 in 1973.

To get the total inflation rate for the 2 years between 1973 and 1975, we use the following formula:

CPI in 1973 - CPI in 1975CPI in 1975
×
100
=
Cumulative inflation rate (2 years)

Plugging in the values to this equation, we get:

44.4 - 53.853.8
×
100
=
-17%

Alternate Measurements of Inflation

The above data describe the CPI for all items. Also of note is the Core CPI, which measures inflation for all items except for the more volatile categories of food and energy. Core inflation averaged 8.73% per year between 1975 and 1973 (vs all-CPI inflation of 10.08%), for an inflation total of 18.22%.

When using the core inflation measurement, $1 in 1975 is equivalent in buying power to $1.18 in 1973, a difference of $0.18. Recall that for All Items, the converted amount is $0.83 with a difference of $-0.17.

In 1975, core inflation was 3.49%.


News headlines from 1973

Politics and news often influence economic performance. Here's what was happening at the time:

  • Margaret Thatcher becomes leader of the British Conservative Party, after defeating Edward Heath.
  • Ethiopia abrogates its 3,000-year-old monarchy.
  • Bill Gates and Paul Allen found Microsoft.
  • The US signals the beginning of the end of its involvement Vietnam, after it begins to evacuate its citizens from Saigon.
  • Gough Whitlam is removed by Governor General Sir John Kerr: the first time an elected Prime Minister had been deposed in 200 years (Australia).

Data Source & Citation

Raw data for these calculations comes from the Bureau of Labor Statistics' (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: “$1 in 1975 → 1973 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 25 Aug. 2019, https://www.officialdata.org/1975-dollars-in-1973?amount=1.

Special thanks to QuickChart for providing downloadable chart images.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


» Read more about inflation and investment.

Inflation from 1975 to 1973
Cumulative price change -17.47%
Average inflation rate 10.08%
Converted amount ($1 base) $0.83
Price difference ($1 base) $-0.17
CPI in 1975 53.800
CPI in 1973 44.400
Inflation in 1973 6.22%
Inflation in 1975 9.13%
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