$1 in 1980 is worth $0.69 in 1976

Value of $1 from 1980 to 1976

According to the Bureau of Labor Statistics consumer price index, prices in 1976 are 30.95% lower than average prices since 1980. The U.S. dollar experienced an average inflation rate of 9.70% per year during this period, causing the real value of a dollar to decrease.

In other words, $1 in 1980 is equivalent in purchasing power to about $0.69 in 1976, a difference of $-0.31 over 4 years.

The 1976 inflation rate was 5.76%. The inflation rate in 1980 was 13.50%. The 1980 inflation rate is higher compared to the average inflation rate of 2.92% per year between 1980 and 2020.


Inflation from 1980 to 1976
Cumulative price change -30.95%
Average inflation rate 9.70%
Converted amount ($1 base) $0.69
Price difference ($1 base) $-0.31
CPI in 1980 82.400
CPI in 1976 56.900
Inflation in 1976 5.76%
Inflation in 1980 13.50%

USD Inflation since 1913
Annual Rate, the Bureau of Labor Statistics CPI
Download

Buying power of $1 in 1976

This chart shows a calculation of buying power equivalence for $1 in 1976 (price index tracking began in 1635).

For example, if you started with $1, you would need to end with $0.69 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $1 is equivalent to $0.69 over time, that means that the "real value" of a single U.S. dollar decreases over time. In other words, a dollar will pay for fewer items at the store.

This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 1976 dollars, the chart below shows how $1 is worth less over 4 years.

According to the Bureau of Labor Statistics, each of these USD amounts below is equal in terms of what it could buy at the time:

Dollar inflation: 1976-1980
Year Dollar Value Inflation Rate
1976 $1.00 5.76%
1977 $1.07 6.50%
1978 $1.15 7.59%
1979 $1.28 11.35%
1980 $1.45 13.50%
1981 $1.60 10.32%
1982 $1.70 6.16%
1983 $1.75 3.21%
1984 $1.83 4.32%
1985 $1.89 3.56%
1986 $1.93 1.86%
1987 $2.00 3.65%
1988 $2.08 4.14%
1989 $2.18 4.82%
1990 $2.30 5.40%
1991 $2.39 4.21%
1992 $2.47 3.01%
1993 $2.54 2.99%
1994 $2.60 2.56%
1995 $2.68 2.83%
1996 $2.76 2.95%
1997 $2.82 2.29%
1998 $2.86 1.56%
1999 $2.93 2.21%
2000 $3.03 3.36%
2001 $3.11 2.85%
2002 $3.16 1.58%
2003 $3.23 2.28%
2004 $3.32 2.66%
2005 $3.43 3.39%
2006 $3.54 3.23%
2007 $3.64 2.85%
2008 $3.78 3.84%
2009 $3.77 -0.36%
2010 $3.83 1.64%
2011 $3.95 3.16%
2012 $4.04 2.07%
2013 $4.09 1.46%
2014 $4.16 1.62%
2015 $4.17 0.12%
2016 $4.22 1.26%
2017 $4.31 2.13%
2018 $4.42 2.49%
2019 $4.49 1.76%
2020 $4.57 1.81%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 1976 amounts in 1980 dollars, based on the -30.95% change in prices:

Conversion Table: Value of a dollar in 1980
Initial value Equivalent value
$1 dollar in 1976 $1.45 dollars in 1980
$5 dollars in 1976 $7.24 dollars in 1980
$10 dollars in 1976 $14.48 dollars in 1980
$50 dollars in 1976 $72.41 dollars in 1980
$100 dollars in 1976 $144.82 dollars in 1980
$500 dollars in 1976 $724.08 dollars in 1980
$1,000 dollars in 1976 $1,448.15 dollars in 1980
$5,000 dollars in 1976 $7,240.77 dollars in 1980
$10,000 dollars in 1976 $14,481.55 dollars in 1980
$50,000 dollars in 1976 $72,407.73 dollars in 1980
$100,000 dollars in 1976 $144,815.47 dollars in 1980
$500,000 dollars in 1976 $724,077.33 dollars in 1980
$1,000,000 dollars in 1976 $1,448,154.66 dollars in 1980

Inflation by City

Inflation can vary widely by city, even within the United States. Here's how some cities fared in 1980 to 1976 (figures shown are purchasing power equivalents of $1):

Seattle, Washington experienced the highest rate of inflation during the 4 years between 1976 and 1980 (11.25%).

New York experienced the lowest rate of inflation during the 4 years between 1976 and 1980 (7.70%).

Note that some locations showing 0% inflation may have not yet reported latest data.


Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 1980 would be equivalent to £0.60 in 1976, an absolute change of £-0.40 and a cumulative change of -40.42%.

In Canada, CA$1.00 in 1980 would be equivalent to CA$0.69 in 1976, an absolute change of CA$-0.31 and a cumulative change of -30.95%.

Compare these numbers to the US's overall absolute change of $-0.31 and total percent change of -30.95%.


Inflation by Spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. Breaking down these categories helps explain the main drivers behind price changes. This chart shows the average rate of inflation for select CPI categories between 1980 and 1976.

Compare these values to the overall average of 9.70% per year:

Category Avg Inflation (%) Total Inflation (%) $1 in 1976 → 1980
Food and beverages 8.73 39.75 1.40
Housing 10.82 50.80 1.51
Apparel 4.85 20.87 1.21
Transportation 10.82 50.84 1.51
Medical care 9.54 43.96 1.44
Recreation 0.00 0.00 1.00
Education and communication 0.00 0.00 1.00
Other goods and services 7.20 32.04 1.32

The graph below compares inflation in categories of goods over time. Click on a category such as "Food" to toggle it on or off:

For all these visualizations, it's important to note that not all categories may have been tracked since 1980. This table and charts use the earliest available data for each category.



How to Calculate Inflation Rate for $1, 1976 to 1980

Our calculations use the following inflation rate formula to calculate the change in value between 1976 and 1980:

CPI in 1976 CPI in 1980
×
1980 USD value
=
1976 USD value

Then plug in historical CPI values. The U.S. CPI was 82.4 in the year 1980 and 56.9 in 1976:

56.982.4
×
$1
=
$0.69

$1 in 1980 has the same "purchasing power" or "buying power" as $0.69 in 1976.

To get the total inflation rate for the 4 years between 1976 and 1980, we use the following formula:

CPI in 1976 - CPI in 1980CPI in 1980
×
100
=
Cumulative inflation rate (4 years)

Plugging in the values to this equation, we get:

56.9 - 82.482.4
×
100
=
-31%

Alternate Measurements of Inflation

The above data describe the CPI for all items. Also of note is the Core CPI, which measures inflation for all items except for the more volatile categories of food and energy. Core inflation averaged 8.90% per year between 1980 and 1976 (vs all-CPI inflation of 9.70%), for an inflation total of 40.66%.

When using the core inflation measurement, $1 in 1980 is equivalent in buying power to $1.41 in 1976, a difference of $0.41. Recall that for All Items, the converted amount is $0.69 with a difference of $-0.31.

In 1980, core inflation was 6.57%.


News headlines from 1976

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.

Data Source & Citation

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: “$1 in 1980 → 1976 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 20 Oct. 2020, https://www.officialdata.org/us/inflation/1980?amount=1&endYear=1976.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Inflation from 1980 to 1976
Cumulative price change -30.95%
Average inflation rate 9.70%
Converted amount ($1 base) $0.69
Price difference ($1 base) $-0.31
CPI in 1980 82.400
CPI in 1976 56.900
Inflation in 1976 5.76%
Inflation in 1980 13.50%