Question: how much is $15 in 1971 worth now?
Answer: In other words, $15 in 1971 is equivalent in purchasing power to about $95.96 in 2020, a difference of $80.96 over 49 years. The 1971 inflation rate was 4.38%. The current year-over-year inflation rate (2019 to 2020) is now 0.99% 1. If this number holds, $15 today will be equivalent in buying power to $15.15 next year.