Between 1979 and 1980, the Consumer Price Index went from 72.6 to 82.4.
Cumulatively, prices increased 13.5%, which works out to an average of
13.50% per year. Put differently, a dollar in 1979 bought what
$0.88 buys in 1980.
Common amounts: 1979 dollars in 1980
Amount in 1979
Value in 1980
$1.00
$1.13
$5.00
$5.67
$10.00
$11.35
$20.00
$22.70
$50.00
$56.75
$100
$113
$500
$567
$1,000
$1,135
$5,000
$5,675
$10,000
$11,350
$100,000
$113,499
$1,000,000
$1,134,986
Inflation by spending category, 1979–1980
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1979 spending costs in 1980, by category:
Category
Avg. yearly inflation
$100 in 1979 →
All items (CPI-U)
13.50%
$113
Energy
30.90%
$131
Transportation
17.87%
$118
Housing
15.69%
$116
Core (all items less food & energy)
12.38%
$112
Medical care
10.96%
$111
Food
8.64%
$109
Apparel
7.07%
$107
Not shown because the BLS began these indexes after 1979: recreation (1993–), education & communication (1993–).
1980 sat at the very peak of the Great Inflation. Prices rose 13.5% in that
single year, mortgage rates were climbing toward 16%, and the Federal Reserve
under Paul Volcker was administering the painful interest-rate medicine that
would finally break the inflationary spiral, at the cost of the deep 1981–82
recession. No single year looms larger in how Americans think about inflation.
MLA: “Inflation from 1979 to 1980: $100 is worth $113 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1979-to-1980/
APA: InflationCalculator.com. Inflation from 1979 to 1980. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1979-to-1980/