Between 1970 and 1989, the Consumer Price Index went from 38.8 to 124.
Cumulatively, prices increased 219.6%, which works out to an average of
6.31% per year. Put differently, a dollar in 1970 bought what
$0.31 buys in 1989.
Common amounts: 1970 dollars in 1989
Amount in 1970
Value in 1989
$1.00
$3.20
$5.00
$15.98
$10.00
$31.96
$20.00
$63.92
$50.00
$160
$100
$320
$500
$1,598
$1,000
$3,196
$5,000
$15,979
$10,000
$31,959
$100,000
$319,588
$1,000,000
$3,195,876
Inflation by spending category, 1970–1989
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1970 spending costs in 1989, by category:
Category
Avg. yearly inflation
$100 in 1970 →
All items (CPI-U)
6.31%
$320
Medical care
8.10%
$439
Energy
7.13%
$370
Housing
6.62%
$338
Food
6.30%
$319
Core (all items less food & energy)
6.25%
$316
Transportation
6.03%
$304
Apparel
3.72%
$200
Not shown because the BLS began these indexes after 1970: recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1970 to 1989: $100 is worth $320 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1970-to-1989/
APA: InflationCalculator.com. Inflation from 1970 to 1989. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1970-to-1989/