Between 1976 and 2002, the Consumer Price Index went from 56.9 to 179.9.
Cumulatively, prices increased 216.2%, which works out to an average of
4.53% per year. Put differently, a dollar in 1976 bought what
$0.32 buys in 2002.
Common amounts: 1976 dollars in 2002
Amount in 1976
Value in 2002
$1.00
$3.16
$5.00
$15.81
$10.00
$31.62
$20.00
$63.23
$50.00
$158
$100
$316
$500
$1,581
$1,000
$3,162
$5,000
$15,808
$10,000
$31,617
$100,000
$316,169
$1,000,000
$3,161,687
Inflation by spending category, 1976–2002
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1976 spending costs in 2002, by category:
Category
Avg. yearly inflation
$100 in 1976 →
All items (CPI-U)
4.53%
$316
Medical care
6.77%
$549
Housing
4.76%
$335
Core (all items less food & energy)
4.72%
$332
Food
4.12%
$286
Transportation
4.00%
$277
Energy
3.89%
$270
Apparel
1.94%
$165
Not shown because the BLS began these indexes after 1976: recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1976 to 2002: $100 is worth $316 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1976-to-2002/
APA: InflationCalculator.com. Inflation from 1976 to 2002. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1976-to-2002/