Between 1972 and 2002, the Consumer Price Index went from 41.8 to 179.9.
Cumulatively, prices increased 330.4%, which works out to an average of
4.99% per year. Put differently, a dollar in 1972 bought what
$0.23 buys in 2002.
Common amounts: 1972 dollars in 2002
Amount in 1972
Value in 2002
$1.00
$4.30
$5.00
$21.52
$10.00
$43.04
$20.00
$86.08
$50.00
$215
$100
$430
$500
$2,152
$1,000
$4,304
$5,000
$21,519
$10,000
$43,038
$100,000
$430,383
$1,000,000
$4,303,828
Inflation by spending category, 1972–2002
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1972 spending costs in 2002, by category:
Category
Avg. yearly inflation
$100 in 1972 →
All items (CPI-U)
4.99%
$430
Medical care
7.02%
$766
Housing
5.20%
$458
Energy
5.12%
$447
Core (all items less food & energy)
5.01%
$433
Food
4.89%
$419
Transportation
4.58%
$383
Apparel
2.32%
$199
Not shown because the BLS began these indexes after 1972: recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1972 to 2002: $100 is worth $430 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1972-to-2002/
APA: InflationCalculator.com. Inflation from 1972 to 2002. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1972-to-2002/