U.S. inflation rate in 1980: 13.50%

Inflation Calculator


U.S. Inflation Rate, 1980-2018 ($1)

The consumer price index (CPI) in 1980 was 82.4. 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 2.92% per year. Prices in 2018 are 199.0% higher than prices in 1980.

In other words, $1 in the year 1980 is equivalent in purchasing power to $2.99 in 2018, a difference of $1.99 over 38 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 1980 to 2018
Cumulative price change 199.00%
Average inflation rate 2.92%
Price difference ($1 base) $1.99
CPI in 1980 82.4
CPI in 2018 246.669

U.S. inflation from 1913 to 2017

Inflation rates for specific categories

Educational books and supplies · Wine at home · Indoor plants and flowers · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 1980

Start with the inflation rate formula:

CPI in 2018 / CPI in 1980 * 1980 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 82.4 in the year 1980 and 246.669 in 2018:

246.669 / 82.4 * $1 = $2.99

$1 in 1980 has the same "purchasing power" as $2.99 in 2018.

News headlines from 1980

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

  • Princess Victoria is crowned Princess of Sweden.
  • Iranian protesters storm the Russian embassy in Iran.
  • Abdou Diouf is elected president of Senegal after being Prime Minister for ten years.
  • Cable News Network (CNN) is transmitted for the first time.
  • Saddam Hussein, President of Iraq, declares a holy war on Iran.

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 1980 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 18 Jan. 2018, http://www.in2013dollars.com/inflation-rate-in-1980.

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