U.S. inflation rate in 1974: 11.04%

Inflation Calculator

$

U.S. Inflation Rate, 1974-2017 ($1)

The consumer price index (CPI) in 1974 was 49.3. 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 3.80% per year. Prices in 2017 are 397.0% higher than prices in 1974.

In other words, $1 in the year 1974 is equivalent to $4.97 in 2017, a difference of $3.97 over 43 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 1974 to 2017
Cumulative price change 397.00%
Average inflation rate 3.80%
Price difference ($1 base) $3.97
CPI in 1974 49.3
CPI in 2017 244.786


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Medical care · Jewelry · Film and photographic supplies · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 1974

Start with the inflation rate formula:

CPI in 2017 / CPI in 1974 * 1974 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 49.3 in the year 1974 and 244.786 in 2017:

244.786 / 49.3 * $1 = $4.97

The "purchasing power" of $1 from 1974 is $4.97 in 2017.


News headlines from 1974

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

  • Ayatollah Khomeini, appeals for an Islamic republic of Iran.
  • The 1,000th victim of the Northern Ireland conflict between republican and loyalist paramilitaries is taken.
  • President Richard Nixon announces his resignation.

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.