# \$20 in 1972 → \$117.12 in 2017

## Inflation Calculator

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👉 You may be interested in \$20 in 1972 → 2018

### U.S. Inflation Rate, \$20 in 1972 to 2017

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 4.01% per year. Prices in 2017 are 485.6% higher than prices in 1972.

In other words, \$20 in 1972 is equivalent in purchasing power to \$117.12 in 2017, a difference of \$97.12 over 45 years.

The inflation rate in 2017 was 1.99%.

 Cumulative price change 485.60% Average inflation rate 4.01% Converted amount (\$20 base) \$117.12 Price difference (\$20 base) \$97.12 CPI in 1972 41.8 CPI in 2017 244.786

#### Inflation rates for specific categories

New trucks · Film and photographic supplies · Wireless telephone services · More

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

### How to calculate the inflation rate for \$20, 1972 to 2017

This inflation calculator uses the following inflation rate formula:

CPI in 2017 / CPI in 1972 * 1972 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 41.8 in the year 1972 and 244.786 in 2017:

244.786 / 41.8 * \$20 = \$117.12

\$20 in 1972 has the same "purchasing power" or "buying power" as \$117.12 in 2017.

### News headlines from 1972

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

• The US's costliest natural disaster, Hurricane Agnes, causes 119 deaths and \$3 billion damage.
• The US Senate,ratifies the first Anti-Ballistic Missile Treaty.
• A member of the terrorist group Black September kills eleven Israeli athletes at the Munich Olympics.
• Pong, the first commercially successful video game is released by the co-founder of Atari.

### 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: “\$20 in 1972 → 2017 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 21 Jun. 2018, https://www.officialdata.org/1972-dollars-in-2017?amount=20.