U.S. inflation rate in 1976: 5.76%

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U.S. Inflation Rate, 1976-2018 ($1)

The consumer price index (CPI) in 1976 was 56.9. 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 3.58% per year. Prices in 2018 are 338.0% higher than prices in 1976.

In other words, $1 in the year 1976 is equivalent in purchasing power to $4.38 in 2018, a difference of $3.38 over 42 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 1976 to 2018
Cumulative price change 338.00%
Average inflation rate 3.58%
Price difference ($1 base) $3.38
CPI in 1976 56.9
CPI in 2018 248.991


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

New cars · Medical care · Bread · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 1976

Start with the inflation rate formula:

CPI in 2018 / CPI in 1976 * 1976 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 56.9 in the year 1976 and 248.991 in 2018:

248.991 / 56.9 * $1 = $4.38

$1 in 1976 has the same "purchasing power" as $4.38 in 2018.


News headlines from 1976

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

  • Steve Jobs and Stebe Wozniak invent the Apple Computer in Job's parents' garage.
  • The US Viking 1 lands on Mars, becoming the first man-built object on the Red Planet.
  • Osvaldo Dorticos Torrado is replaced as Cuban President by Fidel Castro.

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 1976 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 23 Apr. 2018, http://www.in2013dollars.com/inflation-rate-in-1976.


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