Between 1973 and 1997, the Consumer Price Index went from 44.4 to 160.5.
Cumulatively, prices increased 261.5%, which works out to an average of
5.50% per year. Put differently, a dollar in 1973 bought what
$0.28 buys in 1997.
Common amounts: 1973 dollars in 1997
Amount in 1973
Value in 1997
$1.00
$3.61
$5.00
$18.07
$10.00
$36.15
$20.00
$72.30
$50.00
$181
$100
$361
$500
$1,807
$1,000
$3,615
$5,000
$18,074
$10,000
$36,149
$100,000
$361,486
$1,000,000
$3,614,865
Inflation by spending category, 1973–1997
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1973 spending costs in 1997, by category:
Category
Avg. yearly inflation
$100 in 1973 →
All items (CPI-U)
5.50%
$361
Medical care
7.79%
$605
Housing
5.73%
$381
Energy
5.71%
$379
Core (all items less food & energy)
5.62%
$372
Transportation
5.36%
$350
Food
5.05%
$326
Apparel
3.05%
$206
Not shown because the BLS began these indexes after 1973: recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1973 to 1997: $100 is worth $361 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1973-to-1997/
APA: InflationCalculator.com. Inflation from 1973 to 1997. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1973-to-1997/