U.S. inflation rate in 1973: 6.22%

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U.S. Inflation Rate, 1973-2017 ($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, the dollar experienced an average inflation rate of 3.95% per year. Prices in 2017 are 451.0% higher than prices in 1973.

In other words, $1 in the year 1973 is equivalent to $5.51 in 2017, a difference of $4.51 over 44 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 1973 to 2017
Cumulative price change 451.00%
Average inflation rate 3.95%
Price difference ($1 base) $4.51
CPI in 1973 44.4
CPI in 2017 244.786


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Film and photographic supplies · Milk · 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 1973

Start with the inflation rate formula:

CPI in 2017 / CPI in 1973 * 1973 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 44.4 in the year 1973 and 244.786 in 2017:

244.786 / 44.4 * $1 = $5.51

The "purchasing power" of $1 from 1973 is $5.51 in 2017.


News headlines from 1973

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

  • 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: 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.


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