Between 1971 and 2006, the Consumer Price Index went from 40.5 to 201.6.
Cumulatively, prices increased 397.8%, which works out to an average of
4.69% per year. Put differently, a dollar in 1971 bought what
$0.20 buys in 2006.
Common amounts: 1971 dollars in 2006
Amount in 1971
Value in 2006
$1.00
$4.98
$5.00
$24.89
$10.00
$49.78
$20.00
$99.56
$50.00
$249
$100
$498
$500
$2,489
$1,000
$4,978
$5,000
$24,889
$10,000
$49,778
$100,000
$497,778
$1,000,000
$4,977,778
Inflation by spending category, 1971–2006
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1971 spending costs in 2006, by category:
Category
Avg. yearly inflation
$100 in 1971 →
All items (CPI-U)
4.69%
$498
Medical care
6.58%
$931
Energy
5.90%
$743
Housing
4.91%
$535
Food
4.60%
$483
Core (all items less food & energy)
4.60%
$482
Transportation
4.44%
$458
Apparel
1.94%
$196
Not shown because the BLS began these indexes after 1971: recreation (1993–), education & communication (1993–).
Long periods are sampled every 2 years; the calculator above covers any pair of years.
Cite this page
MLA: “Inflation from 1971 to 2006: $100 is worth $498 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1971-to-2006/
APA: InflationCalculator.com. Inflation from 1971 to 2006. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1971-to-2006/