Between 1971 and 1994, the Consumer Price Index went from 40.5 to 148.2.
Cumulatively, prices increased 265.9%, which works out to an average of
5.80% per year. Put differently, a dollar in 1971 bought what
$0.27 buys in 1994.
Common amounts: 1971 dollars in 1994
Amount in 1971
Value in 1994
$1.00
$3.66
$5.00
$18.30
$10.00
$36.59
$20.00
$73.19
$50.00
$183
$100
$366
$500
$1,830
$1,000
$3,659
$5,000
$18,296
$10,000
$36,593
$100,000
$365,926
$1,000,000
$3,659,259
Inflation by spending category, 1971–1994
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1971 spending costs in 1994, by category:
Category
Avg. yearly inflation
$100 in 1971 →
All items (CPI-U)
5.80%
$366
Medical care
7.98%
$584
Energy
6.15%
$395
Housing
5.99%
$381
Core (all items less food & energy)
5.81%
$367
Food
5.69%
$357
Transportation
5.46%
$340
Apparel
3.45%
$218
Not shown because the BLS began these indexes after 1971: recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1971 to 1994: $100 is worth $366 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1971-to-1994/
APA: InflationCalculator.com. Inflation from 1971 to 1994. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1971-to-1994/