$100 in 1970 is worth $754 in 2022,
because prices increased 654.3% over that period, an average of
3.96% a year.
$100 in 1970 has
the same buying power as
$754
in 2022
Detailed inflation statistics
Cumulative price change
654.3%
Average inflation rate
3.96% per year
Converted amount ($100 base)
$754
Price difference ($100 base)
$654
CPI in 1970
38.8
CPI in 2022
292.655
Inflation in 1970
5.72%
Inflation in 2022
8.00%
$100 in 1970 → 2022
$754
$100 in 2022 → 1970
$13.26
What happened to prices between 1970 and 2022
Between 1970 and 2022, the Consumer Price Index went from 38.8 to 292.655.
Cumulatively, prices increased 654.3%, which works out to an average of
3.96% per year. Put differently, a dollar in 1970 bought what
$0.13 buys in 2022: the 1970 dollar
lost 86.7% of its purchasing power over
these 52 years.
Consumer prices rose 5.7% in 1970, up from 1969’s 5.5%, extending a
run of faster price growth that stretched back to the mid-1960s, even as a
recession that began in December 1969 pushed unemployment toward 6%. Prices
and joblessness rising together confounded the era’s economic thinking, which
held that policymakers could trade a little more inflation for a little less
unemployment; 1970 was an early sign that trade-off was breaking down, a
pattern that would harden into stagflation later in the decade. Washington
restructured how it delivered mail that year: after postal workers staged the
first strike ever by federal employees that March, Congress passed the Postal
Reorganization Act in August, replacing the cabinet-level Post Office
Department with the independent U.S. Postal Service. Environmental policy
also took shape in 1970. An estimated 20 million Americans marked the first
Earth Day on April 22, and the Environmental Protection Agency opened that
December to enforce the Clean Air Act and the pollution rules that followed.
The Vietnam War kept dividing the country: on May 4, National Guard troops
fired on antiwar demonstrators at Kent State University in Ohio, killing four
students and setting off strikes on hundreds of campuses. A median household
earned $8,734 that year, a gallon of gas averaged 36 cents, and a first-class
stamp cost 6 cents, the rate it had held since 1968. Prices stood 291.9%
above their 1913 level by the end of 1970, a milestone that
would look almost mild against the decade still to come.
Every 1970 amount converts to 2022 at the same ratio, 7.54: $1,000 becomes
$7,543, and $10,000 becomes $75,427.
Amount in 1970
Value in 2022
$1.00
$7.54
$5.00
$37.71
$10.00
$75.43
$20.00
$151
$50.00
$377
$100
$754
$500
$3,771
$1,000
$7,543
$5,000
$37,713
$10,000
$75,427
$100,000
$754,265
$1,000,000
$7,542,655
Inflation by spending category, 1970–2022
Between 1970 and 2022, medical care rose the most, up 1507.5%, while apparel rose the least, up 114.7%, against 654.3% for all items. The headline number is an average; here is what $100 of 1970
spending costs in 2022, by category:
Category
Avg. yearly inflation
$100 in 1970 →
All items (CPI-U)
3.96%
$754
Medical care
5.49%
$1,608
Energy
4.84%
$1,170
Housing
4.14%
$826
Food
4.03%
$779
Core (all items less food & energy)
3.87%
$721
Transportation
3.84%
$710
Apparel
1.48%
$215
Not shown because the BLS began these indexes after 1970: recreation (1993–), education & communication (1993–).
Decade by decade: 1970 to 2022
Prices climbed fastest in the 1970s, averaging 7.82% a year, and slowest in the 2010s (1.73% a year). Each step below chains into the full 1970–2022 change:
Years
Avg. yearly inflation
Price change
$100 from 1970, at end
1970–1980
7.82%
112.4%
$212
1980–1990
4.72%
58.6%
$337
1990–2000
2.80%
31.8%
$444
2000–2010
2.39%
26.6%
$562
2010–2020
1.73%
18.7%
$667
2020–2022
6.34%
13.1%
$754
Year by year: CPI and the value of $100 from 1970
$100 from 1970 had already become $404 by
1996, on its way to $754 in 2022; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 13.5% in 1980, and prices fell 0.4% in 2009, the deepest deflation of the period.
Long periods are sampled every 2 years; the calculator above covers any pair of years.
The destination year: 2022
In 2022, prices rose 8.0% and $100 from 1970 had the buying
power of $754; the year's average CPI of 292.655 is the level
behind every 2022 figure on this page.
2022 was the year inflation returned. Consumer prices rose 8.0% on average,
the worst since 1981, driven by pandemic-era supply chains, stimulus-fueled
demand, and an energy shock from the war in Ukraine. Gas briefly topped $5 a
gallon nationally for the first time ever, and “inflation” became the
top-ranked economic concern in nearly every poll of American households.
MLA: “Inflation from 1970 to 2022: $100 is worth $754 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1970-to-2022/
APA: InflationCalculator.com. Inflation from 1970 to 2022. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1970-to-2022/