U.S. inflation rate in 1976: 5.76%

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U.S. Inflation Rate, 1976-2017 ($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, the dollar experienced an average inflation rate of 3.62% per year. Prices in 2017 are 330.0% higher than prices in 1976.

In other words, $1 in the year 1976 is equivalent to $4.30 in 2017, a difference of $3.30 over 41 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 1976 to 2017
Cumulative price change 330.00%
Average inflation rate 3.62%
Price difference ($1 base) $3.30
CPI in 1976 56.9
CPI in 2017 244.786


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Rent of primary residence · Medical care · Dental services · 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 2017 / CPI in 1976 * 1976 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 56.9 in the year 1976 and 244.786 in 2017:

244.786 / 56.9 * $1 = $4.30

$1 in 1976 has the same "purchasing power" as $4.30 in 2017.


News headlines from 1976

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

  • 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: 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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