U.S. inflation · 1971–2022
$100 in 1971 has the same buying power as
$723
in 2022
| Cumulative price change | 622.6% |
|---|---|
| Average inflation rate | 3.95% per year |
| Converted amount ($100 base) | $723 |
| Price difference ($100 base) | $623 |
| CPI in 1971 | 40.5 |
| CPI in 2022 | 292.655 |
| Inflation in 1971 | 4.38% |
| Inflation in 2022 | 8.00% |
| $100 in 1971 → 2022 | $723 |
| $100 in 2022 → 1971 | $13.84 |
Between 1971 and 2022, the Consumer Price Index went from 40.5 to 292.655. Cumulatively, prices increased 622.6%, which works out to an average of 3.95% per year. Put differently, a dollar in 1971 bought what $0.14 buys in 2022.
| Amount in 1971 | Value in 2022 |
|---|---|
| $1.00 | $7.23 |
| $5.00 | $36.13 |
| $10.00 | $72.26 |
| $20.00 | $145 |
| $50.00 | $361 |
| $100 | $723 |
| $500 | $3,613 |
| $1,000 | $7,226 |
| $5,000 | $36,130 |
| $10,000 | $72,260 |
| $100,000 | $722,605 |
| $1,000,000 | $7,226,049 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1971 spending costs in 2022, by category:
| Category | Avg. yearly inflation | $100 in 1971 → |
|---|---|---|
| All items (CPI-U) | 3.95% | $723 |
| Medical care | 5.47% | $1,514 |
| Energy | 4.86% | $1,126 |
| Housing | 4.14% | $792 |
| Food | 4.05% | $756 |
| Core (all items less food & energy) | 3.86% | $689 |
| Transportation | 3.81% | $674 |
| Apparel | 1.45% | $208 |
Not shown because the BLS began these indexes after 1971: recreation (1993–), education & communication (1993–).
| Year | CPI | Inflation rate | $100 from 1971 |
|---|---|---|---|
| 1971 | 40.5 | 4.4% | $100 |
| 1973 | 44.4 | 6.2% | $110 |
| 1975 | 53.8 | 9.1% | $133 |
| 1977 | 60.6 | 6.5% | $150 |
| 1979 | 72.6 | 11.3% | $179 |
| 1981 | 90.9 | 10.3% | $224 |
| 1983 | 99.6 | 3.2% | $246 |
| 1985 | 107.6 | 3.6% | $266 |
| 1987 | 113.6 | 3.6% | $280 |
| 1989 | 124 | 4.8% | $306 |
| 1991 | 136.2 | 4.2% | $336 |
| 1993 | 144.5 | 3.0% | $357 |
| 1995 | 152.4 | 2.8% | $376 |
| 1997 | 160.5 | 2.3% | $396 |
| 1999 | 166.6 | 2.2% | $411 |
| 2001 | 177.1 | 2.8% | $437 |
| 2003 | 184 | 2.3% | $454 |
| 2005 | 195.3 | 3.4% | $482 |
| 2007 | 207.342 | 2.8% | $512 |
| 2009 | 214.537 | -0.4% | $530 |
| 2011 | 224.939 | 3.2% | $555 |
| 2013 | 232.957 | 1.5% | $575 |
| 2015 | 237.017 | 0.1% | $585 |
| 2017 | 245.12 | 2.1% | $605 |
| 2019 | 255.657 | 1.8% | $631 |
| 2021 | 270.97 | 4.7% | $669 |
| 2022 | 292.655 | 8.0% | $723 |
Long periods are sampled every 2 years; the calculator above covers any pair of years.
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 1971 to 2022: $100 is worth $723 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1971-to-2022/
APA: InflationCalculator.com. Inflation from 1971 to 2022. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1971-to-2022/
Source: U.S. Bureau of Labor Statistics, CPI-U annual averages (series CUUR0000SA0; category indexes listed on the data sources page). See how these numbers are calculated.