Between 1973 and 1974, the Consumer Price Index went from 44.4 to 49.3.
Cumulatively, prices increased 11.0%, which works out to an average of
11.04% per year. Put differently, a dollar in 1973 bought what
$0.90 buys in 1974.
Common amounts: 1973 dollars in 1974
Amount in 1973
Value in 1974
$1.00
$1.11
$5.00
$5.55
$10.00
$11.10
$20.00
$22.21
$50.00
$55.52
$100
$111
$500
$555
$1,000
$1,110
$5,000
$5,552
$10,000
$11,104
$100,000
$111,036
$1,000,000
$1,110,360
Inflation by spending category, 1973–1974
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1973 spending costs in 1974, by category:
Category
Avg. yearly inflation
$100 in 1973 →
All items (CPI-U)
11.04%
$111
Energy
29.59%
$130
Food
14.32%
$114
Housing
11.17%
$111
Transportation
11.17%
$111
Medical care
9.28%
$109
Core (all items less food & energy)
8.33%
$108
Apparel
7.43%
$107
Not shown because the BLS began these indexes after 1973: recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1973 to 1974: $100 is worth $111 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1973-to-1974/
APA: InflationCalculator.com. Inflation from 1973 to 1974. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1973-to-1974/