Between 1974 and 1977, the Consumer Price Index went from 49.3 to 60.6.
Cumulatively, prices increased 22.9%, which works out to an average of
7.12% per year. Put differently, a dollar in 1974 bought what
$0.81 buys in 1977.
Common amounts: 1974 dollars in 1977
Amount in 1974
Value in 1977
$1.00
$1.23
$5.00
$6.15
$10.00
$12.29
$20.00
$24.58
$50.00
$61.46
$100
$123
$500
$615
$1,000
$1,229
$5,000
$6,146
$10,000
$12,292
$100,000
$122,921
$1,000,000
$1,229,209
Inflation by spending category, 1974–1977
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1974 spending costs in 1977, by category:
Category
Avg. yearly inflation
$100 in 1974 →
All items (CPI-U)
7.12%
$123
Medical care
10.37%
$134
Energy
9.04%
$130
Transportation
8.81%
$129
Housing
7.82%
$125
Core (all items less food & energy)
7.28%
$123
Food
5.93%
$119
Apparel
4.24%
$113
Not shown because the BLS began these indexes after 1974: recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1974 to 1977: $100 is worth $123 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1974-to-1977/
APA: InflationCalculator.com. Inflation from 1974 to 1977. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1974-to-1977/