Between 1973 and 2002, the Consumer Price Index went from 44.4 to 179.9.
Cumulatively, prices increased 305.2%, which works out to an average of
4.94% per year. Put differently, a dollar in 1973 bought what
$0.25 buys in 2002.
Common amounts: 1973 dollars in 2002
Amount in 1973
Value in 2002
$1.00
$4.05
$5.00
$20.26
$10.00
$40.52
$20.00
$81.04
$50.00
$203
$100
$405
$500
$2,026
$1,000
$4,052
$5,000
$20,259
$10,000
$40,518
$100,000
$405,180
$1,000,000
$4,051,802
Inflation by spending category, 1973–2002
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1973 spending costs in 2002, by category:
Category
Avg. yearly inflation
$100 in 1973 →
All items (CPI-U)
4.94%
$405
Medical care
7.13%
$736
Housing
5.22%
$438
Core (all items less food & energy)
5.05%
$418
Energy
5.02%
$414
Transportation
4.63%
$371
Food
4.57%
$366
Apparel
2.27%
$192
Not shown because the BLS began these indexes after 1973: recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1973 to 2002: $100 is worth $405 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1973-to-2002/
APA: InflationCalculator.com. Inflation from 1973 to 2002. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1973-to-2002/