Between 1970 and 1979, the Consumer Price Index went from 38.8 to 72.6.
Cumulatively, prices increased 87.1%, which works out to an average of
7.21% per year. Put differently, a dollar in 1970 bought what
$0.53 buys in 1979.
Common amounts: 1970 dollars in 1979
Amount in 1970
Value in 1979
$1.00
$1.87
$5.00
$9.36
$10.00
$18.71
$20.00
$37.42
$50.00
$93.56
$100
$187
$500
$936
$1,000
$1,871
$5,000
$9,356
$10,000
$18,711
$100,000
$187,113
$1,000,000
$1,871,134
Inflation by spending category, 1970–1979
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1970 spending costs in 1979, by category:
Category
Avg. yearly inflation
$100 in 1970 →
All items (CPI-U)
7.21%
$187
Energy
11.09%
$258
Food
8.23%
$204
Medical care
7.92%
$199
Housing
7.55%
$193
Transportation
7.27%
$188
Core (all items less food & energy)
6.50%
$176
Apparel
4.09%
$143
Not shown because the BLS began these indexes after 1970: recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1970 to 1979: $100 is worth $187 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1970-to-1979/
APA: InflationCalculator.com. Inflation from 1970 to 1979. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1970-to-1979/