Between 1973 and 1979, the Consumer Price Index went from 44.4 to 72.6.
Cumulatively, prices increased 63.5%, which works out to an average of
8.54% per year. Put differently, a dollar in 1973 bought what
$0.61 buys in 1979.
Common amounts: 1973 dollars in 1979
Amount in 1973
Value in 1979
$1.00
$1.64
$5.00
$8.18
$10.00
$16.35
$20.00
$32.70
$50.00
$81.76
$100
$164
$500
$818
$1,000
$1,635
$5,000
$8,176
$10,000
$16,351
$100,000
$163,514
$1,000,000
$1,635,135
Inflation by spending category, 1973–1979
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1973 spending costs in 1979, by category:
Category
Avg. yearly inflation
$100 in 1973 →
All items (CPI-U)
8.54%
$164
Energy
14.34%
$223
Medical care
9.67%
$174
Transportation
9.37%
$171
Housing
9.26%
$170
Food
8.79%
$166
Core (all items less food & energy)
7.88%
$158
Apparel
4.66%
$131
Not shown because the BLS began these indexes after 1973: recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1973 to 1979: $100 is worth $164 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1973-to-1979/
APA: InflationCalculator.com. Inflation from 1973 to 1979. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1973-to-1979/