Between 1971 and 2001, the Consumer Price Index went from 40.5 to 177.1.
Cumulatively, prices increased 337.3%, which works out to an average of
5.04% per year. Put differently, a dollar in 1971 bought what
$0.23 buys in 2001.
Common amounts: 1971 dollars in 2001
Amount in 1971
Value in 2001
$1.00
$4.37
$5.00
$21.86
$10.00
$43.73
$20.00
$87.46
$50.00
$219
$100
$437
$500
$2,186
$1,000
$4,373
$5,000
$21,864
$10,000
$43,728
$100,000
$437,284
$1,000,000
$4,372,840
Inflation by spending category, 1971–2001
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1971 spending costs in 2001, by category:
Category
Avg. yearly inflation
$100 in 1971 →
All items (CPI-U)
5.04%
$437
Medical care
6.97%
$756
Energy
5.43%
$488
Housing
5.25%
$464
Core (all items less food & energy)
5.03%
$436
Food
4.97%
$428
Transportation
4.65%
$391
Apparel
2.48%
$208
Not shown because the BLS began these indexes after 1971: recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1971 to 2001: $100 is worth $437 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1971-to-2001/
APA: InflationCalculator.com. Inflation from 1971 to 2001. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1971-to-2001/