U.S. inflation · 1976–1994

Value of $100 in 1976, adjusted to 1994

$100 in 1976 is worth $260 in 1994, because prices increased 160.5% over that period, an average of 5.46% a year.

$100 in 1976 has the same buying power as

$260

in 1994

$100$180$26019761981198519901994$100 · 1976$260 · 1994
Detailed inflation statistics
Cumulative price change160.5%
Average inflation rate5.46% per year
Converted amount ($100 base)$260
Price difference ($100 base)$160
CPI in 197656.9
CPI in 1994148.2
Inflation in 19765.76%
Inflation in 19942.56%
$100 in 1976 → 1994$260
$100 in 1994 → 1976$38.39

What happened to prices between 1976 and 1994

Between 1976 and 1994, the Consumer Price Index went from 56.9 to 148.2. Cumulatively, prices increased 160.5%, which works out to an average of 5.46% per year. Put differently, a dollar in 1976 bought what $0.38 buys in 1994: the 1976 dollar lost 61.6% of its purchasing power over these 18 years.

Consumer prices rose 5.8% in 1976, the calmest pace since 1972, as the economy pulled out of the 1973-75 recession and price growth settled to roughly half its 1974 peak. The recovery gave Americans room to celebrate: tall ships filled New York Harbor and fireworks lit cities nationwide on July 4 for the country’s bicentennial, a rare moment of shared celebration after Vietnam and Watergate. Politically, Jimmy Carter, a former Georgia governor running as a Washington outsider, defeated incumbent Gerald Ford that November, campaigning on restoring trust in government and bringing down inflation and unemployment together. In a California garage, Steve Jobs, Steve Wozniak, and Ronald Wayne founded Apple Computer that April to sell the Apple I, a bare circuit board aimed at electronics hobbyists, a business that looked far from consequential at the time. First-class postage, which had risen to 13 cents that past December 31, held there through the year, the longest stretch without a rate change since the Postal Service’s creation. A median household earned $12,686 in 1976, a new home sold for a median $44,200, and gas averaged 59 cents a gallon. Consumer prices stood 474.7% above their 1913 level, a calm interlude before inflation turned back up.

More about inflation in 1976 →

Common amounts: 1976 dollars in 1994

Every 1976 amount converts to 1994 at the same ratio, 2.60: $1,000 becomes $2,605, and $10,000 becomes $26,046.

Amount in 1976Value in 1994
$1.00$2.60
$5.00$13.02
$10.00$26.05
$20.00$52.09
$50.00$130
$100$260
$500$1,302
$1,000$2,605
$5,000$13,023
$10,000$26,046
$100,000$260,457
$1,000,000$2,604,569

Inflation by spending category, 1976–1994

Between 1976 and 1994, medical care rose the most, up 305.8%, while apparel rose the least, up 77.4%, against 160.5% for all items. The headline number is an average; here is what $100 of 1976 spending costs in 1994, by category:

Category Avg. yearly inflation $100 in 1976 →
All items (CPI-U) 5.46% $260
Medical care 8.09% $406
Core (all items less food & energy) 5.73% $273
Housing 5.65% $269
Transportation 5.07% $244
Food 4.84% $234
Energy 4.78% $232
Apparel 3.24% $177

Not shown because the BLS began these indexes after 1976: recreation (1993–), education & communication (1993–).

Decade by decade: 1976 to 1994

Prices climbed fastest in the 1970s, averaging 9.70% a year, and slowest in the 1990s (3.19% a year). Each step below chains into the full 1976–1994 change:

Years Avg. yearly inflation Price change $100 from 1976, at end
1976–1980 9.70% 44.8% $145
1980–1990 4.72% 58.6% $230
1990–1994 3.19% 13.4% $260

Year by year: CPI and the value of $100 from 1976

$100 from 1976 had already become $189 by 1985, on its way to $260 in 1994; each row shows the CPI, that year's inflation rate, and the running value. Within the span, inflation peaked at 13.5% in 1980, and the smallest rise was 1.9% in 1986.

Year CPI Inflation rate $100 from 1976
1976 56.9 5.8% $100
1977 60.6 6.5% $107
1978 65.2 7.6% $115
1979 72.6 11.3% $128
1980 82.4 13.5% $145
1981 90.9 10.3% $160
1982 96.5 6.2% $170
1983 99.6 3.2% $175
1984 103.9 4.3% $183
1985 107.6 3.6% $189
1986 109.6 1.9% $193
1987 113.6 3.6% $200
1988 118.3 4.1% $208
1989 124 4.8% $218
1990 130.7 5.4% $230
1991 136.2 4.2% $239
1992 140.3 3.0% $247
1993 144.5 3.0% $254
1994 148.2 2.6% $260

The destination year: 1994

In 1994, prices rose 2.6% and $100 from 1976 had the buying power of $260; the year's average CPI of 148.2 is the level behind every 1994 figure on this page.

Gas averaged $1.11 a gallon in 1994, a new home cost roughly $130,000, and the median household earned about $32,300. Inflation ran at 2.6% for the year, the calmest reading since the mid-1980s, even as the Federal Reserve spent the year raising interest rates precisely to keep it that way. Chair Alan Greenspan’s Fed lifted the federal funds rate from 3% to 5.5% over six moves, a preemptive tightening campaign meant to head off inflation before it built rather than react to it after the fact. The bond market, unprepared for such a rapid climb, sold off sharply, and the higher rates rippled into places few had expected: Orange County, California, whose investment pool had bet heavily on rates staying low, filed for bankruptcy in December after losing an estimated $1.7 billion, the largest municipal bankruptcy in the country’s history at the time. On the trade front, NAFTA took effect January 1, phasing out tariffs on thousands of goods moving between the U.S., Mexico, and Canada, the start of a schedule that would eliminate most remaining barriers over the following decade. It was a year that showed inflation control could have its own costs, paid out in the bond market and, in Orange County’s case, a bankruptcy court.

More about inflation in 1994 →

Cite this page

MLA: “Inflation from 1976 to 1994: $100 is worth $260 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1976-to-1994/

APA: InflationCalculator.com. Inflation from 1976 to 1994. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1976-to-1994/

Source: U.S. Bureau of Labor Statistics, CPI-U annual averages (series CUUR0000SA0; category indexes listed on the data sources page). See how these numbers are calculated.