Between 1978 and 1979, the Consumer Price Index went from 65.2 to 72.6.
Cumulatively, prices increased 11.3%, which works out to an average of
11.35% per year. Put differently, a dollar in 1978 bought what
$0.90 buys in 1979.
Common amounts: 1978 dollars in 1979
Amount in 1978
Value in 1979
$1.00
$1.11
$5.00
$5.57
$10.00
$11.13
$20.00
$22.27
$50.00
$55.67
$100
$111
$500
$557
$1,000
$1,113
$5,000
$5,567
$10,000
$11,135
$100,000
$111,350
$1,000,000
$1,113,497
Inflation by spending category, 1978–1979
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1978 spending costs in 1979, by category:
Category
Avg. yearly inflation
$100 in 1978 →
All items (CPI-U)
11.35%
$111
Energy
25.14%
$125
Transportation
14.26%
$114
Housing
12.34%
$112
Food
10.97%
$111
Core (all items less food & energy)
9.77%
$110
Medical care
9.22%
$109
Apparel
4.30%
$104
Not shown because the BLS began these indexes after 1978: recreation (1993–), education & communication (1993–).
MLA: “Inflation from 1978 to 1979: $100 is worth $111 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1978-to-1979/
APA: InflationCalculator.com. Inflation from 1978 to 1979. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1978-to-1979/