$9.50 in 1970 → $59.93 in 2017

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U.S. Inflation Rate, $9.50 in 1970 to 2017

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 4.00% per year. Prices in 2017 are 530.8% higher than prices in 1970.

In other words, $9.50 in 1970 is equivalent in purchasing power to $59.93 in 2017, a difference of $50.43 over 47 years.

The inflation rate in 2017 was 1.99%.

Inflation from 1970 to 2017
Cumulative price change 530.84%
Average inflation rate 4.00%
Converted amount ($9.50 base) $59.93
Price difference ($9.50 base) $50.43
CPI in 1970 38.8
CPI in 2017 244.786


U.S. inflation from 1913 to 2018


Inflation rates for specific categories

Gasoline (all types) · Wine at home · Bread · More

Inflation-adjusted measures

S&P 500 price · S&P 500 earnings · Shiller P/E

How to calculate the inflation rate for $9.50, 1970 to 2017

This inflation calculator uses the following inflation rate formula:

CPI in 2017 / CPI in 1970 * 1970 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 38.8 in the year 1970 and 244.786 in 2017:

244.786 / 38.8 * $9.50 = $59.93

$9.50 in 1970 has the same "purchasing power" or "buying power" as $59.93 in 2017.


News headlines from 1970

Politics and news often influence economic performance. Here's what was happening at the time:

  • 1/1/1970 established as Epoch time for UNIX systems.
  • Rhodesia declares independence and sets up a republican government.
  • Aswan Dam opens in Egypt to prevent flooding of the Nile River.
  • A Palestinian terrorist organization, hijacks three aircraft, in an incident that is later known as Black September.

Inflation Data Source

Raw data for these calculations comes from the Bureau of Labor Statistics' (CPI), established in 1913. Inflation data from 1665 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University.

You may use the following MLA citation for this page: “$9.50 in 1970 → 2017 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 22 Jun. 2018, https://www.officialdata.org/1970-dollars-in-2017?amount=9.50.


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