New York prices: $100 in 1970 $105.79 in 1971

Inflation in New York

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Prices in New York, 1970-1971 ($100)

According to the U.S. Bureau of Labor Statistics, prices in New York were 5.79% higher in 1971 versus 1970 (a $5.79 difference in value).

Between 1970 and 1971: New York experienced an average inflation rate of 5.79% per year. This rate of change indicates significant inflation. In other words, $100 in New York in the year 1970 would cost $105.79 in 1971 for an equivalent purchase. Compared to the overall inflation rate of 4.30% during this same period, inflation in New York was higher.

In the year 1970: Pricing changed by 7.42%, which is above the average yearly change in New York during the 1970-1971 time period. Compared to inflation for all items in 1970 (5.83%), inflation in New York was higher.

Price Inflation in New York since 1914

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1919 (22.12%), 1918 (22.09%), and 1920 (17.24%).

View price changes for other categories
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Buying power of $100.00 since 1970

Below are calculations of equivalent buying power in New York, over time, for $100 beginning in 1970. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1970$100.007.42%
1971$105.795.79%
1972$110.454.40%
1973$117.486.36%
1974$130.1110.76%
1975$140.007.60%
1976$148.225.87%
1977$155.935.21%
1978$164.885.74%
1979$179.168.66%
1980$199.3911.29%
1981$219.029.84%
1982$231.675.78%
1983$242.614.72%
1984$254.765.01%
1985$264.183.70%
1986$272.843.28%
1987$286.635.05%
1988$300.574.86%
1989$317.275.56%
1990$336.676.11%
1991$351.884.52%
1992$364.583.61%
1993$375.482.99%
1994$384.412.38%
1995$394.072.51%
1996$405.652.94%
1997$415.112.33%
1998$421.891.63%
1999$430.091.94%
2000$443.463.11%
2001$454.762.55%
2002$466.342.55%
2003$480.663.07%
2004$497.613.53%
2005$516.913.88%
2006$536.433.78%
2007$551.492.81%
2008$572.983.90%
2009$575.520.44%
2010$585.331.71%
2011$601.992.85%
2012$613.821.97%
2013$624.141.68%
2014$632.391.32%
2015$633.190.13%
2016$640.011.08%
2017$652.541.96%
2018$664.981.91%
2019$675.981.65%
2020$687.531.71%
2021$710.333.32%
2022$753.686.10%
2023$782.503.82%
2024$797.831.96%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.


Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for New York:

Year191419151916191719181919192019211922192319241925192619271928192919301931193219331934193519361937193819391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI9.9009.91710.20011.50814.05017.15820.11718.40817.28317.45817.49217.76718.26718.05017.87517.80817.57516.36714.95013.93314.19214.37514.55014.86714.61714.55014.70015.25016.71717.96718.40018.82520.68323.16724.74224.46724.60826.44226.90027.04227.20827.08327.48328.35829.20829.65030.19230.45830.92531.60032.09232.60833.70834.58336.07538.30841.15043.53345.45048.34253.54257.60860.99264.16767.85073.72582.05090.12595.33399.833104.833108.708112.275117.950123.683130.558138.542144.800150.025154.508158.183162.158166.925170.817173.608176.983182.483187.133191.900197.792204.767212.708220.742226.940235.782236.825240.864247.718252.588256.833260.230260.558263.365268.520273.641278.164282.920292.303310.141321.998328.306

Adjust New York prices for inflation

Start with the inflation rate formula:

CPI in 1971 / CPI in 1970 * 1970 USD value = 1971 USD value

Then plug in historical CPI values from above. The CPI for New York was 41.150 in the year 1970 and 43.533 in 1971:

43.533 / 41.150 * $100 = $105.79

Therefore, according to U.S. Bureau of Labor Statistics, $100 in 1970 has the same "purchasing power" as $105.79 in 1971 (in the CPI category of New York).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for New York in 1914. In addition to New York, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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