Between 1976 and 1977, the Consumer Price Index went from 56.9 to 60.6.
Cumulatively, prices increased 6.5%, which works out to an average of
6.50% per year. Put differently, a dollar in 1976 bought what
$0.94 buys in 1977.
Common amounts: 1976 dollars in 1977
Amount in 1976
Value in 1977
$1.00
$1.07
$5.00
$5.33
$10.00
$10.65
$20.00
$21.30
$50.00
$53.25
$100
$107
$500
$533
$1,000
$1,065
$5,000
$5,325
$10,000
$10,650
$100,000
$106,503
$1,000,000
$1,065,026
Inflation by spending category, 1976–1977
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1976 spending costs in 1977, by category:
Category
Avg. yearly inflation
$100 in 1976 →
All items (CPI-U)
6.50%
$107
Medical care
9.62%
$110
Energy
9.53%
$110
Transportation
7.08%
$107
Housing
6.69%
$107
Food
6.33%
$106
Core (all items less food & energy)
6.27%
$106
Apparel
4.52%
$105
Not shown because the BLS began these indexes after 1976: recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1976 to 1977: $100 is worth $107 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1976-to-1977/
APA: InflationCalculator.com. Inflation from 1976 to 1977. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1976-to-1977/