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.
|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|
Politics and news often play an important role in economic performance.
Inflation Data Source: 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.