According to the U.S. Bureau of Labor Statistics, prices in Chicago, Illinois are 661.99% higher in 2026 versus 1971 (a $178.74 difference in value).
Between 1971 and 2026, Chicago experienced an average inflation rate of 3.76% per year. This rate of change indicates significant inflation. In other words, $27 in Chicago in the year 1971 would cost $205.74 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 3.90% during this same period, inflation in Chicago was lower.
In the year 1971: Pricing changed by 3.94%, which is above the average yearly change in Chicago during the 1971-2026 time period. Compared to inflation for all items in 1971 (4.29%), inflation in Chicago was lower.
The official rate is based on an average household's spending, so your own inflation rate is probably different. The personal inflation calculator works it out from your budget.
Below are calculations of equivalent buying power in Chicago, over time, for $27 beginning in 1971. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1971 | $27.00 | 3.94% |
| 1972 | $27.77 | 2.84% |
| 1973 | $29.51 | 6.27% |
| 1974 | $32.63 | 10.57% |
| 1975 | $35.20 | 7.89% |
| 1976 | $36.89 | 4.79% |
| 1977 | $39.21 | 6.29% |
| 1978 | $42.62 | 8.70% |
| 1979 | $47.94 | 12.48% |
| 1980 | $54.85 | 14.42% |
| 1981 | $60.10 | 9.57% |
| 1982 | $64.20 | 6.82% |
| 1983 | $66.76 | 3.99% |
| 1984 | $69.28 | 3.77% |
| 1985 | $71.89 | 3.77% |
| 1986 | $73.40 | 2.09% |
| 1987 | $76.42 | 4.12% |
| 1988 | $79.41 | 3.91% |
| 1989 | $83.43 | 5.06% |
| 1990 | $87.91 | 5.37% |
| 1991 | $91.47 | 4.06% |
| 1992 | $94.16 | 2.93% |
| 1993 | $97.06 | 3.08% |
| 1994 | $99.18 | 2.19% |
| 1995 | $102.34 | 3.18% |
| 1996 | $105.07 | 2.67% |
| 1997 | $107.95 | 2.74% |
| 1998 | $110.12 | 2.01% |
| 1999 | $112.41 | 2.07% |
| 2000 | $116.02 | 3.21% |
| 2001 | $119.04 | 2.60% |
| 2002 | $120.93 | 1.59% |
| 2003 | $123.16 | 1.84% |
| 2004 | $125.91 | 2.24% |
| 2005 | $129.72 | 3.03% |
| 2006 | $132.38 | 2.05% |
| 2007 | $136.71 | 3.27% |
| 2008 | $141.87 | 3.77% |
| 2009 | $140.17 | -1.20% |
| 2010 | $142.09 | 1.37% |
| 2011 | $145.97 | 2.73% |
| 2012 | $148.19 | 1.52% |
| 2013 | $149.88 | 1.14% |
| 2014 | $152.50 | 1.75% |
| 2015 | $152.05 | -0.30% |
| 2016 | $153.06 | 0.66% |
| 2017 | $155.93 | 1.88% |
| 2018 | $158.67 | 1.75% |
| 2019 | $160.99 | 1.46% |
| 2020 | $162.78 | 1.12% |
| 2021 | $169.65 | 4.22% |
| 2022 | $182.46 | 7.55% |
| 2023 | $188.53 | 3.33% |
| 2024 | $195.06 | 3.46% |
| 2025 | $201.25 | 3.17% |
| 2026 | $205.74 | 2.23%* |
* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Chicago, Illinois:
| Year | 1914 | 1915 | 1916 | 1917 | 1918 | 1919 | 1920 | 1921 | 1922 | 1923 | 1924 | 1925 | 1926 | 1927 | 1928 | 1929 | 1930 | 1931 | 1932 | 1933 | 1934 | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
| CPI | 10.000 | 10.017 | 10.317 | 11.758 | 13.733 | 16.667 | 19.850 | 18.175 | 17.167 | 17.375 | 17.717 | 18.108 | 18.425 | 18.258 | 17.692 | 17.650 | 17.458 | 15.958 | 14.083 | 12.633 | 12.717 | 13.267 | 13.533 | 14.092 | 13.992 | 13.717 | 13.792 | 14.517 | 15.958 | 16.850 | 17.108 | 17.475 | 19.033 | 22.108 | 24.033 | 24.008 | 24.250 | 26.158 | 26.725 | 26.958 | 27.358 | 27.542 | 27.925 | 28.833 | 29.708 | 29.950 | 30.367 | 30.517 | 30.833 | 31.142 | 31.267 | 31.683 | 32.633 | 33.483 | 34.900 | 36.808 | 38.917 | 40.450 | 41.600 | 44.208 | 48.883 | 52.742 | 55.267 | 58.742 | 63.850 | 71.817 | 82.175 | 90.042 | 96.183 | 100.017 | 103.792 | 107.708 | 109.958 | 114.492 | 118.967 | 124.983 | 131.700 | 137.042 | 141.058 | 145.408 | 148.592 | 153.317 | 157.417 | 161.725 | 164.983 | 168.400 | 173.808 | 178.333 | 181.175 | 184.508 | 188.633 | 194.342 | 198.325 | 204.818 | 212.536 | 209.995 | 212.870 | 218.684 | 222.005 | 224.545 | 228.468 | 227.792 | 229.302 | 233.611 | 237.706 | 241.181 | 243.873 | 254.159 | 273.356 | 282.450 | 292.225 | 301.502 | 308.225 |