Between 1971 and 1990, the Consumer Price Index went from 40.5 to 130.7.
Cumulatively, prices increased 222.7%, which works out to an average of
6.36% per year. Put differently, a dollar in 1971 bought what
$0.31 buys in 1990.
Common amounts: 1971 dollars in 1990
Amount in 1971
Value in 1990
$1.00
$3.23
$5.00
$16.14
$10.00
$32.27
$20.00
$64.54
$50.00
$161
$100
$323
$500
$1,614
$1,000
$3,227
$5,000
$16,136
$10,000
$32,272
$100,000
$322,716
$1,000,000
$3,227,160
Inflation by spending category, 1971–1990
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1971 spending costs in 1990, by category:
Category
Avg. yearly inflation
$100 in 1971 →
All items (CPI-U)
6.36%
$323
Medical care
8.25%
$451
Energy
7.36%
$385
Housing
6.62%
$338
Food
6.45%
$328
Core (all items less food & energy)
6.27%
$317
Transportation
6.05%
$305
Apparel
3.80%
$203
Not shown because the BLS began these indexes after 1971: recreation (1993–), education & communication (1993–).
In 1990, the median U.S. household earned about $29,900, gas averaged $1.15 a
gallon, and mailing a letter cost a quarter. Inflation ran hot at 5.4% for the
year, its highest rate since 1982, pushed up by an oil shock after Iraq’s
invasion of Kuwait, and the economy tipped into recession that summer. It was
the last gasp of elevated inflation before the long calm of the 1990s.
MLA: “Inflation from 1971 to 1990: $100 is worth $323 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1971-to-1990/
APA: InflationCalculator.com. Inflation from 1971 to 1990. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1971-to-1990/