According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 2.33% per year. Prices in 2018 are 90.5% higher than prices in 1990.
In other words, $500 in the year 1990 is equivalent in purchasing power to $952.53 in 2018, a difference of $452.53 over 28 years.
|Cumulative price change||90.51%|
|Average inflation rate||2.33%|
|Price difference ($500 base)||$452.53|
|CPI in 1990||130.7|
|CPI in 2018||248.991|
Politics and news often influence economic performance. Here's what was happening at the time:
Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (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: “$500 in 1990 → 2018 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 22 Apr. 2018, http://www.in2013dollars.com/1990-dollars-in-2018?amount=500.