U.S. inflation rate in 1970: 5.72%

Inflation Calculator

$

U.S. Inflation Rate, 1970-2018 ($1)

The consumer price index (CPI) in 1970 was 38.8. the Bureau of Labor Statistics uses this CPI value to track inflation on a monthly basis.

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.93% per year. Prices in 2018 are 536.0% higher than prices in 1970.

In other words, $1 in the year 1970 is equivalent in purchasing power to $6.36 in 2018, a difference of $5.36 over 48 years.

The current inflation rate in 2018 is 0.77%1. If this number holds, $1 today will be equivalent to $1.01 next year.

Inflation from 1970 to 2018
Cumulative price change 536.00%
Average inflation rate 3.93%
Price difference ($1 base) $5.36
CPI in 1970 38.8
CPI in 2018 246.669


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Televisions · Fish and seafood · Airline fares · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 1970

Start with the inflation rate formula:

CPI in 2018 / CPI in 1970 * 1970 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 38.8 in the year 1970 and 246.669 in 2018:

246.669 / 38.8 * $1 = $6.36

$1 in 1970 has the same "purchasing power" as $6.36 in 2018.


News headlines from 1970

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

  • 1/1/1970 established as Epoch time for UNIX systems.
  • Rhodesia declares independence and sets up a republican government.
  • Aswan Dam opens in Egypt to prevent flooding of the Nile River.
  • A Palestinian terrorist organization, hijacks three aircraft, in an incident that is later known as Black September.

Inflation Data Source

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: “Inflation Rate in 1970 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 17 Jan. 2018, http://www.in2013dollars.com/inflation-rate-in-1970.


» Read more about inflation.