Between 1977 and 1979, the Consumer Price Index went from 60.6 to 72.6.
Cumulatively, prices increased 19.8%, which works out to an average of
9.45% per year. Put differently, a dollar in 1977 bought what
$0.83 buys in 1979.
Common amounts: 1977 dollars in 1979
Amount in 1977
Value in 1979
$1.00
$1.20
$5.00
$5.99
$10.00
$11.98
$20.00
$23.96
$50.00
$59.90
$100
$120
$500
$599
$1,000
$1,198
$5,000
$5,990
$10,000
$11,980
$100,000
$119,802
$1,000,000
$1,198,020
Inflation by spending category, 1977–1979
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1977 spending costs in 1979, by category:
Category
Avg. yearly inflation
$100 in 1977 →
All items (CPI-U)
9.45%
$120
Energy
15.32%
$133
Housing
10.51%
$122
Food
10.45%
$122
Transportation
9.31%
$119
Medical care
8.82%
$118
Core (all items less food & energy)
8.57%
$118
Apparel
3.93%
$108
Not shown because the BLS began these indexes after 1977: recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1977 to 1979: $100 is worth $120 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1977-to-1979/
APA: InflationCalculator.com. Inflation from 1977 to 1979. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1977-to-1979/