Between 1974 and 1979, the Consumer Price Index went from 49.3 to 72.6.
Cumulatively, prices increased 47.3%, which works out to an average of
8.05% per year. Put differently, a dollar in 1974 bought what
$0.68 buys in 1979.
Common amounts: 1974 dollars in 1979
Amount in 1974
Value in 1979
$1.00
$1.47
$5.00
$7.36
$10.00
$14.73
$20.00
$29.45
$50.00
$73.63
$100
$147
$500
$736
$1,000
$1,473
$5,000
$7,363
$10,000
$14,726
$100,000
$147,262
$1,000,000
$1,472,617
Inflation by spending category, 1974–1979
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1974 spending costs in 1979, by category:
Category
Avg. yearly inflation
$100 in 1974 →
All items (CPI-U)
8.05%
$147
Energy
11.51%
$172
Medical care
9.75%
$159
Transportation
9.01%
$154
Housing
8.89%
$153
Core (all items less food & energy)
7.80%
$146
Food
7.72%
$145
Apparel
4.11%
$122
Not shown because the BLS began these indexes after 1974: recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1974 to 1979: $100 is worth $147 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1974-to-1979/
APA: InflationCalculator.com. Inflation from 1974 to 1979. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1974-to-1979/