$24.95 in 1983 → $63.12 in 2018

Inflation Calculator

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U.S. Inflation Rate, $24.95 in 1983 to 2018

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 2.69% per year. Prices in 2018 are 152.99% higher than prices in 1983.

In other words, $24.95 in 1983 is equivalent in purchasing power to $63.12 in 2018, a difference of $38.17 over 35 years.

The current inflation rate is now 2.87%1. If this number holds, $24.95 today will be equivalent to $25.67 next year. The current inflation rate page gives more detail on the latest official inflation rates.

Inflation from 1983 to 2018
Cumulative price change 152.99%
Average inflation rate 2.69%
Converted amount ($24.95 base) $63.12
Price difference ($24.95 base) $38.17
CPI in 1983 99.6
CPI in 2018 251.989


U.S. inflation from 1913 to 2018


The above data describe the CPI for all items. Also of note is the Core CPI, which measures inflation for all items except for the more volatile categories of food and energy. Core inflation averaged 2.74% per year between 1983 and 2018 (vs all-CPI inflation of 2.69%).

When using the core inflation measurement, $24.95 in 1983 is equivalent in buying power to $257.34 in 2018, a difference of $157.34. Recall that for All Items, the converted amount is $63.12 with a difference of $38.17.

In 1983, core inflation was 3.91%.


CPI is the weighted combination of many categories. This chart shows the average rate of inflation for select CPI categories between 1983 and 2018.

Compare these values to the overall average of 2.69% per year:

Category Avg Inflation (%) $24.95 in 1983 → 2018
Food 2.70 63.44
Shelter 3.27 76.83
Energy 2.27 54.73
Apparel 0.67 31.57
New vehicles 1.05 36.01
Used cars and trucks 0.61 30.91
Transportation services 3.35 78.92
Medical care services 4.78 127.95
Medical care commodities 3.90 95.22

It's important to note that not all categories may be tracked since 1983. This table and visualization use the earliest available data for each category.


Inflation rates for specific categories

Seattle, Washington · Public transportation · Women's apparel · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $24.95 since 1983

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 1983 * 1983 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 99.6 in the year 1983 and 251.989 in 2018:

251.989 / 99.6 * $24.95 = $63.12

$24.95 in 1983 has the same "purchasing power" or "buying power" as $63.12 in 2018.


Buying power of $24.95 since 1983

This chart shows calculations of buying power equivalence over time for $24.95 in 1983 (price index tracking began in 1913).

According to the Bureau of Labor Statistics, each of these USD amounts below is equal in terms of what it could buy at the time:

Year USD Value Inflation Rate
1983 $24.95 3.21%
1984 $26.03 4.32%
1985 $26.95 3.56%
1986 $27.46 1.86%
1987 $28.46 3.65%
1988 $29.63 4.14%
1989 $31.06 4.82%
1990 $32.74 5.40%
1991 $34.12 4.21%
1992 $35.15 3.01%
1993 $36.20 2.99%
1994 $37.12 2.56%
1995 $38.18 2.83%
1996 $39.30 2.95%
1997 $40.21 2.29%
1998 $40.83 1.56%
1999 $41.73 2.21%
2000 $43.14 3.36%
2001 $44.36 2.85%
2002 $45.07 1.58%
2003 $46.09 2.28%
2004 $47.32 2.66%
2005 $48.92 3.39%
2006 $50.50 3.23%
2007 $51.94 2.85%
2008 $53.93 3.84%
2009 $53.74 -0.36%
2010 $54.62 1.64%
2011 $56.35 3.16%
2012 $57.51 2.07%
2013 $58.36 1.46%
2014 $59.30 1.62%
2015 $59.37 0.12%
2016 $60.12 1.26%
2017 $61.32 1.99%
2018 $63.12 2.94%*
* Not final. See inflation summary for latest details.

News headlines from 1983

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

  • 26 million pounds in gold, diamonds and cash is stolen from Brink's-Mat warehouse at Heathrow Airport in London, which is considered to be one of the world's greatest robberies.
  • Ronald Reagan ends the United States embargo against Guatemala.

Inflation can vary widely by country. For comparison, in the UK £24.95 in 1983 would be equivalent to £81.77 in 2018, an absolute change of £56.82 and a cumulative change of 327.74%.

In Canada, CA$24.95 in 1983 would be equivalent to CA$56.18 in 2018, an absolute change of CA$31.23 and a cumulative change of 225.17%.

Compare these numbers to the US's absolute change of $38.17 and percent change of 152.99%.


Data Source & Citation

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: “$24.95 in 1983 → 2018 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 20 Jul. 2018, https://www.officialdata.org/1983-dollars-in-2018?amount=24.95.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


» Read more about inflation.