Between 1972 and 1989, the Consumer Price Index went from 41.8 to 124.
Cumulatively, prices increased 196.7%, which works out to an average of
6.61% per year. Put differently, a dollar in 1972 bought what
$0.34 buys in 1989.
Common amounts: 1972 dollars in 1989
Amount in 1972
Value in 1989
$1.00
$2.97
$5.00
$14.83
$10.00
$29.67
$20.00
$59.33
$50.00
$148
$100
$297
$500
$1,483
$1,000
$2,967
$5,000
$14,833
$10,000
$29,665
$100,000
$296,651
$1,000,000
$2,966,507
Inflation by spending category, 1972–1989
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1972 spending costs in 1989, by category:
Category
Avg. yearly inflation
$100 in 1972 →
All items (CPI-U)
6.61%
$297
Medical care
8.50%
$400
Energy
7.59%
$347
Housing
6.93%
$312
Food
6.62%
$297
Core (all items less food & energy)
6.53%
$293
Transportation
6.38%
$286
Apparel
3.86%
$190
Not shown because the BLS began these indexes after 1972: recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1972 to 1989: $100 is worth $297 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1972-to-1989/
APA: InflationCalculator.com. Inflation from 1972 to 1989. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1972-to-1989/