U.S. inflation rate in 1973: 6.22%

Inflation Calculator


U.S. Inflation Rate, 1973-2018 ($1)

The consumer price index (CPI) in 1973 was 44.4. 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 3.91% per year. Prices in 2018 are 461.0% higher than prices in 1973.

In other words, $1 in the year 1973 is equivalent in purchasing power to $5.61 in 2018, a difference of $4.61 over 45 years.

The current inflation rate in 2018 is 1.72%1. If this number holds, $1 today will be equivalent to $1.02 next year.

Inflation from 1973 to 2018
Cumulative price change 461.00%
Average inflation rate 3.91%
Price difference ($1 base) $4.61
CPI in 1973 44.4
CPI in 2018 248.991

U.S. inflation from 1913 to 2017

Inflation rates for specific categories

Fresh fruits · Women's apparel · Rent of primary residence · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 1973

Start with the inflation rate formula:

CPI in 2018 / CPI in 1973 * 1973 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 44.4 in the year 1973 and 248.991 in 2018:

248.991 / 44.4 * $1 = $5.61

$1 in 1973 has the same "purchasing power" as $5.61 in 2018.

News headlines from 1973

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

  • President Richard Nixon announces the end of the Vietnam War.
  • The longest war in American history finishes after William Rogers and Nguyen Duy Trinh of US and North Vietnam's army sign a cease-fire.
  • The IRA attacks London for the first time following the arrests of 10 of its members.
  • The Senate Watergate Committee begins its hearings.

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 1973 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 24 Apr. 2018, http://www.in2013dollars.com/inflation-rate-in-1973.

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