# \$1 in 1971 → \$6.04 in 2017

## Inflation Calculator

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👉 You may be interested in \$1 in 1971 → 2018

### U.S. Inflation Rate, \$1 in 1971 to 2017

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 3.99% per year. Prices in 2017 are 504.0% higher than prices in 1971.

In other words, \$1 in 1971 is equivalent in purchasing power to \$6.04 in 2017, a difference of \$5.04 over 46 years.

The inflation rate in 2017 was 1.99%.

 Cumulative price change 504.00% Average inflation rate 3.99% Converted amount (\$1 base) \$6.04 Price difference (\$1 base) \$5.04 CPI in 1971 40.5 CPI in 2017 244.786

#### Inflation rates for specific categories

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

### How to calculate the inflation rate for \$1, 1971 to 2017

This inflation calculator uses the following inflation rate formula:

CPI in 2017 / CPI in 1971 * 1971 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 40.5 in the year 1971 and 244.786 in 2017:

244.786 / 40.5 * \$1 = \$6.04

\$1 in 1971 has the same "purchasing power" or "buying power" as \$6.04 in 2017.