The U.S. dollar has lost 87% its value since 1970 Updated: April 12, 2022 $100 in 1970 is equivalent in purchasing power to about $740.99 today, an increase of $640.99 over 52 years.
The dollar had an average inflation dolar australia of 3.93% per year between 1970 and today, producing a cumulative price increase of 640.99%.
This means that today's prices are 7.41 times higher than average prices since 1970, according to the Bureau of Labor Statistics consumer price index. A dollar today only buys 13.495% of what it could buy back then. Download When $100 is equivalent to $740.99 over time, that means that the "real value" of a single U.S. dollar decreases over time.
In other words, a dollar will pay for fewer items at the store. This effect explains how inflation erodes the value of a dollar over time.
By calculating the value in 1970 dollars, the chart below shows how $100 is worth less over 52 years. Dollar inflation: 1970-2022 Year Dollar Value Inflation Rate 1970 $100.00 5.72% 1971 $104.38 4.38% 1972 $107.73 3.21% 1973 $114.43 6.22% 1974 $127.06 11.04% 1975 $138.66 9.13% 1976 $146.65 5.76% 1977 $156.19 6.50% 1978 dolar australia 7.59% 1979 $187.11 11.35% 1980 $212.37 13.50% 1981 $234.28 10.32% 1982 $248.71 6.16% 1983 $256.70 3.21% 1984 $267.78 4.32% 1985 $277.32 3.56% 1986 $282.47 1.86% 1987 $292.78 3.65% 1988 $304.90 4.14% 1989 $319.59 4.82% 1990 $336.86 5.40% 1991 $351.03 4.21% 1992 $361.60 3.01% 1993 $372.42 2.99% 1994 $381.96 2.56% 1995 $392.78 2.83% 1996 $404.38 2.95% 1997 $413.66 2.29% 1998 $420.10 1.56% 1999 $429.38 2.21% 2000 $443.81 3.36% 2001 $456.44 2.85% 2002 $463.66 1.58% 2003 $474.23 2.28% 2004 $486.86 2.66% 2005 $503.35 3.39% 2006 $519.59 3.23% 2007 $534.39 2.85% 2008 $554.90 3.84% 2009 $552.93 -0.36% 2010 $562.00 1.64% 2011 $579.74 3.16% 2012 $591.74 2.07% 2013 $600.40 1.46% 2014 $610.14 1.62% 2015 $610.87 0.12% 2016 $618.57 1.26% 2017 $631.75 2.13% 2018 $647.50 2.49% 2019 $658.91 1.76% 2020 $667.04 1.23% 2021 $698.38 4.70% 2022 $740.99 6.10%* * Compared to previous annual rate.
Not final. See inflation summary for latest 12-month trailing value. Conversion: 1970 dollars today Initial value Equivalent value $1 dollar in 1970 $7.41 dollars today $5 dollars in 1970 $37.05 dollars today $10 dollars in 1970 $74.10 dollars today $50 dollars in 1970 $370.49 dollars today $100 dollars in 1970 $740.99 dollars today $500 dollars in 1970 $3,704.95 dollars today $1,000 dollars in 1970 $7,409.90 dollars today $5,000 dollars in 1970 $37,049.48 dolar australia today $10,000 dollars in 1970 $74,098.97 dollars today $50,000 dollars in 1970 $370,494.85 dollars today $100,000 dollars in 1970 $740,989.69 dollars today $500,000 dollars in 1970 $3,704,948.45 dollars today $1,000,000 dollars in 1970 $7,409,896.91 dollars today Inflation by City Inflation can vary widely by city, even within the United States.
Here's how some cities fared in 1970 to 2022 (figures shown are purchasing power equivalents of $100): • San Francisco, California: 4.19% average rate, $100 → $847.06, cumulative change of 747.06% • Seattle, Washington: 4.14% average rate, $100 → $824.68, cumulative change of 724.68% • Boston, Massachusetts: 4.00% average rate, $100 → $767.27, cumulative change of 667.27% • New York: 3.91% average rate, $100 → $734.17, cumulative change of 634.17% • Atlanta, Georgia: 3.87% average rate, $100 → $719.33, cumulative change of 619.33% • Dallas-Fort Worth, Texas: 3.83% dolar australia rate, $100 → $705.56, cumulative change of 605.56% • Philadelphia, Pennsylvania: 3.77% average rate, dolar australia → $685.08, cumulative change of 585.08% • Houston, Texas: 3.77% average rate, $100 → $683.77, cumulative change of 583.77% • Chicago, Illinois: 3.76% average rate, $100 → $681.78, cumulative change of 581.78% • Detroit, Michigan: 3.67% average rate, $100 → $651.13, cumulative change of 551.13% San Francisco, California experienced the highest rate of inflation during the 52 years between 1970 and 2022 (4.19%).
Detroit, Michigan experienced the lowest rate of inflation during the 52 years between 1970 and 2022 (3.67%). Note that some locations showing 0% inflation may have not yet reported latest data. Inflation by Country Inflation can also vary widely by country.
For comparison, in the UK £100.00 in 1970 would be equivalent to £1,648.26 in 2022, an absolute change of £1,548.26 and a cumulative change of 1,548.26%. In Canada, CA$100.00 in 1970 would be equivalent to CA$708.20 in 2022, an absolute change of CA$608.20 and a cumulative change of 608.20%.
Inflation by Spending Category CPI is the weighted combination of many categories of spending that are tracked by the government. Breaking down these categories helps explain the main drivers behind price changes.
This chart shows the average rate of inflation for select CPI categories between 1970 and 2022. Category Avg Inflation (%) Total Inflation (%) $100 in 1970 → 2022 Food and beverages 3.89 625.96 725.96 Housing 4.09 702.35 802.35 Apparel 1.48 114.54 214.54 Transportation 3.76 581.12 681.12 Medical care 5.45 1,482.26 1,582.26 Recreation 1.21 86.93 186.93 Education and communication 1.81 153.77 253.77 Other goods and services 4.91 1,108.66 1,208.66 The graph below compares inflation in categories of goods over time.
Click on a category such as "Food" to toggle it on or off: Alternate Measurements of Inflation The above data describe the CPI for all items.
Also of note is the Core CPI, which measures inflation for all items except for the more volatile categories of food and energy. Core inflation averaged 3.83% per year between 1970 and 2022 (vs all-CPI inflation of 3.93%), for an inflation total of 604.96%. When using the core inflation measurement, $100 in 1970 is equivalent in buying power to $704.96 in 2022, a difference of $604.96. Recall that for All Items, the converted amount is $740.99 with a difference of $640.99.
In 1970, core inflation dolar australia 6.25%. Comparison to S&P 500 Index The average inflation rate of 3.93% has a compounding effect between 1970 and 2022. As noted above, dolar australia yearly inflation rate compounds to produce an overall price difference of 640.99% over 52 years. To help put this inflation into perspective, if we had invested $100 in the S&P 500 index in 1970, our investment would be nominally worth approximately $21,932.07 in 2022.
This is a return on investment of 21,832.07%, with an absolute return of $21,832.07 on top of the original $100. These numbers are not inflation adjusted, so they are considered nominal. In order to evaluate the real return on our investment, we must calculate the return with inflation taken into account.
The compounding effect of inflation would account for 86.50% of returns ($18,972.24) during this period. This means the inflation-adjusted real return of our $100 investment is $2,859.83. You may also want to account for capital gains tax, which would take your real return down to around $2,431 for most people.
Investment in S&P 500 Index, 1970-2022 Original Amount Final Amount Change Nominal $100 $21,932.07 21,832.07% Real Inflation Adjusted $100 $2,959.83 2,859.83% Information displayed above may differ slightly from other S&P 500 calculators. Minor discrepancies can occur because we use the latest CPI data for inflation, annualized inflation numbers for previous years, and we compute S&P price and dividends from January of dolar australia to latest available data for 2022 using average monthly close price.
For more details on the S&P 500 between 1970 and 2022, see the stock market returns calculator. Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. Inflation data from 1634 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University and from the American Antiquarian Society. You may use the following MLA citation for this page: “Value of dolar australia dollars today - Inflation Calculator.” Official Inflation Data, Alioth Finance, 2 May.
2022, https://www.officialdata.org/us/inflation/1970. Special thanks to QuickChart for their chart image API, which is used for chart downloads. in2013dollars.com is a reference website maintained by the Official Data Foundation.
About the author Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.
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