Price of Silver in 1976 Adjusted for Inflation

The highest price of silver was $5.08 in 1976. How much is that worth in current dollars when taking inflation into account? How much is an oz of silver in 1976 worth adjusted for inflation? An ounce of silver reached a maximum price of 5.08 in 1976.
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$5.08 from 1976 to 2024 adjusted for inflation. We use the Consumer Price Index provided by the Bureau of Labor Statistics. They aggregate prices over time to determine the CPI.
How much is 5.08 in 1976 worth in current dollars?
What was the rate of inflation since 1976 on 5.08?
How has the cost of living changed since 1976?
What was the value of $5.08 in 1976? Every year, the US dollar is usually worth less due to inflation. We calculate what $5.08 in 1976 is worth now.