U.S. inflation rate in 1977: 6.50%

Inflation Calculator

$

U.S. Inflation Rate, 1977-2017 ($1)

The consumer price index (CPI) in 1977 was 60.6. 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 3.55% per year. Prices in 2017 are 304.0% higher than prices in 1977.

In other words, $1 in the year 1977 is equivalent to $4.04 in 2017, a difference of $3.04 over 40 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 1977 to 2017
Cumulative price change 304.00%
Average inflation rate 3.55%
Price difference ($1 base) $3.04
CPI in 1977 60.6
CPI in 2017 244.786


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Rent of primary residence · Alcoholic beverages · Baby food · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 1977

Start with the inflation rate formula:

CPI in 2017 / CPI in 1977 * 1977 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 60.6 in the year 1977 and 244.786 in 2017:

244.786 / 60.6 * $1 = $4.04

The "purchasing power" of $1 from 1977 is $4.04 in 2017.


News headlines from 1977

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

  • Apple Computer incorperated by Steve Jobs, Steve Wozniak, and Ronald Wayne.
  • The Hindu Kubh Mela gathered 15,000,000 people, making it (at the time) the biggest crowd gathering in history.
  • First Apple II computers are shipped.
  • The last Guillotine execution was performed on Hamida Djandoubi, convicted torturer and murderer.

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.