Between 1976 and 1979, the Consumer Price Index went from 56.9 to 72.6.
Cumulatively, prices increased 27.6%, which works out to an average of
8.46% per year. Put differently, a dollar in 1976 bought what
$0.78 buys in 1979.
Common amounts: 1976 dollars in 1979
Amount in 1976
Value in 1979
$1.00
$1.28
$5.00
$6.38
$10.00
$12.76
$20.00
$25.52
$50.00
$63.80
$100
$128
$500
$638
$1,000
$1,276
$5,000
$6,380
$10,000
$12,759
$100,000
$127,592
$1,000,000
$1,275,923
Inflation by spending category, 1976–1979
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1976 spending costs in 1979, by category:
Category
Avg. yearly inflation
$100 in 1976 →
All items (CPI-U)
8.46%
$128
Energy
13.36%
$146
Housing
9.22%
$130
Medical care
9.09%
$130
Food
9.06%
$130
Transportation
8.56%
$128
Core (all items less food & energy)
7.80%
$125
Apparel
4.13%
$113
Not shown because the BLS began these indexes after 1976: recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1976 to 1979: $100 is worth $128 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1976-to-1979/
APA: InflationCalculator.com. Inflation from 1976 to 1979. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1976-to-1979/