U.S. inflation rate in 1977: 6.50%

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U.S. Inflation Rate, 1977-2018 ($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 consumer price index, the dollar experienced an average inflation rate of 3.48% per year. Prices in 2018 are 307.0% higher than prices in 1977.

In other words, $1 in the year 1977 is equivalent in purchasing power to $4.07 in 2018, a difference of $3.07 over 41 years.

The current inflation rate in 2018 is 0.77%1. If this number holds, $1 today will be equivalent to $1.01 next year.

Inflation from 1977 to 2018
Cumulative price change 307.00%
Average inflation rate 3.48%
Price difference ($1 base) $3.07
CPI in 1977 60.6
CPI in 2018 246.669


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Gasoline (all types) · Jewelry · Fish and seafood · 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 2018 / CPI in 1977 * 1977 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 60.6 in the year 1977 and 246.669 in 2018:

246.669 / 60.6 * $1 = $4.07

$1 in 1977 has the same "purchasing power" as $4.07 in 2018.


News headlines from 1977

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

  • 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

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 1977 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 17 Jan. 2018, http://www.in2013dollars.com/inflation-rate-in-1977.


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