U.S. inflation rate in 1972: 3.21%

Inflation Calculator

$

U.S. Inflation Rate, 1972-2017 ($1)

The consumer price index (CPI) in 1972 was 41.8. the Bureau of Labor Statistics uses this CPI value to track inflation on a monthly basis.

According to the Bureau of Labor Statistics, the dollar experienced an average inflation rate of 4.01% per year. Prices in 2017 are 486.0% higher than prices in 1972.

In other words, $1 in the year 1972 is equivalent to $5.86 in 2017, a difference of $4.86 over 45 years.

The current inflation rate in 2017 is 1.99%1. If this number holds, $1 today will be equivalent to $1.02 next year.

Inflation from 1972 to 2017
Cumulative price change 486.00%
Average inflation rate 4.01%
Price difference ($1 base) $4.86
CPI in 1972 41.8
CPI in 2017 244.786


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Gasoline (all types) · Rent of primary residence · Public transportation · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 1972

Start with the inflation rate formula:

CPI in 2017 / CPI in 1972 * 1972 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 41.8 in the year 1972 and 244.786 in 2017:

244.786 / 41.8 * $1 = $5.86

The "purchasing power" of $1 from 1972 is $5.86 in 2017.


News headlines from 1972

Politics and news often play an important role in economic performance.

  • The US's costliest natural disaster, Hurricane Agnes, causes 119 deaths and $3 billion damage.
  • The US Senate,ratifies the first Anti-Ballistic Missile Treaty.
  • A member of the terrorist group Black September kills eleven Israeli athletes at the Munich Olympics.
  • Pong, the first commercially successful video game is released by the co-founder of Atari.

Inflation Data Source: 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.


» Read more about inflation.