$134,000,000 in 1996 → $214,457,078.82 in 2018

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$134,000,000 in 1996 → $214,457,078.82 in 2018

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U.S. Inflation Rate, $134,000,000 in 1996 to 2018

According to the Bureau of Labor Statistics consumer price index, prices in 2018 are 60.04% higher than average prices throughout 1996. The dollar experienced an average inflation rate of 2.16% per year during this period, meaning the real value of a dollar decreased.

In other words, $134,000,000 in 1996 is equivalent in purchasing power to about $214,457,078.82 in 2018, a difference of $80,457,078.82 over 22 years.

The 1996 inflation rate was 2.95%. The inflation rate in 2018 was 2.44%. The 2018 inflation rate is higher compared to the average inflation rate of 2.25% per year between 2018 and 2019.


Inflation from 1996 to 2018
Cumulative price change 60.04%
Average inflation rate 2.16%
Converted amount ($134,000,000 base) $214,457,078.82
Price difference ($134,000,000 base) $80,457,078.82
CPI in 1996 156.900
CPI in 2018 251.107
Inflation in 1996 2.95%
Inflation in 2018 2.44%

USD Inflation since 1913
Annual Rate, U.S. Bureau of Labor Statistics CPI
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Buying power of $134,000,000 in 1996

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for $134,000,000 in 1996 (price index tracking began in 1635).

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 Dollar Value Inflation Rate
1996 $134,000,000.00 2.95%
1997 $137,074,569.79 2.29%
1998 $139,209,687.70 1.56%
1999 $142,284,257.49 2.21%
2000 $147,066,921.61 3.36%
2001 $151,251,752.71 2.85%
2002 $153,643,084.77 1.58%
2003 $157,144,678.14 2.28%
2004 $161,329,509.24 2.66%
2005 $166,795,411.09 3.39%
2006 $172,175,908.22 3.23%
2007 $177,079,847.04 2.85%
2008 $183,878,916.51 3.84%
2009 $183,224,716.38 -0.36%
2010 $186,230,108.35 1.64%
2011 $192,108,514.98 3.16%
2012 $196,084,104.53 2.07%
2013 $198,956,265.14 1.46%
2014 $202,183,709.37 1.62%
2015 $202,423,696.62 0.12%
2016 $204,977,297.64 1.26%
2017 $209,344,040.79 2.13%
2018 $214,457,078.82 2.44%
2019 $219,284,295.73 2.25%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 16 more rows

Inflation by City

Inflation can vary widely by city, even within the United States. Here's how some cities fared in 1996 to 2018 (figures shown are purchasing power equivalents of $134,000,000):

  • Seattle, Washington: 4.32% average rate, $134,000,000 → $339,754,511.55, cumulative change of 153.55%
  • San Diego, California: 4.20% average rate, $134,000,000 → $331,301,256.41, cumulative change of 147.24%
  • Atlanta, Georgia: 3.43% average rate, $134,000,000 → $281,416,430.25, cumulative change of 110.01%
  • San Francisco, California: 2.81% average rate, $134,000,000 → $246,538,108.34, cumulative change of 83.98%
  • Miami-Fort Lauderdale, Florida: 2.52% average rate, $134,000,000 → $231,484,199.26, cumulative change of 72.75%
  • Denver, Colorado: 2.47% average rate, $134,000,000 → $229,277,413.46, cumulative change of 71.10%
  • Tampa, Florida: 2.45% average rate, $134,000,000 → $228,352,902.74, cumulative change of 70.41%
  • Boston, Massachusetts: 2.41% average rate, $134,000,000 → $226,371,132.23, cumulative change of 68.93%
  • New York: 2.27% average rate, $134,000,000 → $219,666,478.96, cumulative change of 63.93%
  • Minneapolis-St Paul, Minnesota: 2.20% average rate, $134,000,000 → $216,101,685.32, cumulative change of 61.27%
  • Houston, Texas: 2.11% average rate, $134,000,000 → $212,304,532.23, cumulative change of 58.44%
  • Dallas-Fort Worth, Texas: 2.06% average rate, $134,000,000 → $209,709,962.45, cumulative change of 56.50%
  • Philadelphia, Pennsylvania: 2.00% average rate, $134,000,000 → $207,066,789.83, cumulative change of 54.53%
  • St Louis, Missouri: 1.95% average rate, $134,000,000 → $204,987,306.15, cumulative change of 52.98%
  • Detroit, Michigan: 1.93% average rate, $134,000,000 → $204,139,686.10, cumulative change of 52.34%
  • Chicago, Illinois: 1.89% average rate, $134,000,000 → $202,346,029.65, cumulative change of 51.00%

Seattle, Washington experienced the highest rate of inflation during the 22 years between 1996 and 2018 (4.32%).

Chicago, Illinois experienced the lowest rate of inflation during the 22 years between 1996 and 2018 (1.89%).

Note that some locations showing 0% inflation may have not yet reported latest data.


Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £134,000,000.00 in 1996 would be equivalent to £245,042,345.45 in 2018, an absolute change of £111,042,345.45 and a cumulative change of 82.87%.

In Canada, CA$134,000,000.00 in 1996 would be equivalent to CA$195,397,993.31 in 2018, an absolute change of CA$61,397,993.31 and a cumulative change of 45.82%.

Compare these numbers to the US's overall absolute change of $80,457,078.82 and total percent change of 60.04%.


Inflation by Spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. This chart shows the average rate of inflation for select CPI categories between 1996 and 2018.

Compare these values to the overall average of 2.16% per year:

Category Avg Inflation (%) Total Inflation (%) $134,000,000 in 1996 → 2018
Food 2.31 65.42 221,658,204.45
Shelter 2.70 79.89 241,049,088.78
Energy 3.19 99.64 267,520,921.61
Apparel -0.21 -4.59 127,848,804.39
New vehicles 0.08 1.80 136,412,062.17
Used cars and trucks -0.57 -11.88 118,086,966.67
Transportation services 2.66 78.34 238,969,770.24
Medical care services 3.71 122.80 298,552,603.18
Medical care commodities 2.74 81.31 242,950,932.03

It's important to note that not all categories may be tracked since 1996. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $134,000,000, 1996 to 2018

This inflation calculator uses the following inflation rate formula:

CPI in 2018CPI in 1996
×
1996 USD value
=
2018 USD value

Then plug in historical CPI values. The U.S. CPI was 156.9 in the year 1996 and 251.10683333333 in 2018:

251.10683333333156.9
×
$134,000,000
=
$214,457,078.82

$134,000,000 in 1996 has the same "purchasing power" or "buying power" as $214,457,078.82 in 2018.

To get the total inflation rate for the 22 years between 1996 and 2018, we use the following formula:

CPI in 2018 - CPI in 1996CPI in 1996
×
100
=
Cumulative inflation rate (22 years)

Plugging in the values to this equation, we get:

251.10683333333 - 156.9156.9
×
100
=
60%

Alternate Measurements of Inflation

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 2.03% per year between 1996 and 2018 (vs all-CPI inflation of 2.16%), for an inflation total of 55.57%.

When using the core inflation measurement, $134,000,000 in 1996 is equivalent in buying power to $208,464,602.52 in 2018, a difference of $74,464,602.52. Recall that for All Items, the converted amount is $214,457,078.82 with a difference of $80,457,078.82.

In 1996, core inflation was 2.71%.


Comparison to S&P 500 Index

The average inflation rate of 2.16% has a compounding effect between 1996 and 2018. As noted above, this yearly inflation rate compounds to produce an overall price difference of 60.04% over 22 years.

To help put this inflation into perspective, if we had invested $134,000,000 in the S&P 500 index in 1996, our investment would be nominally worth approximately $867,575,199.28 in 2018. This is a return on investment of 547.44%, with an absolute return of $733,575,199.28.

These numbers are not inflation adjusted, so they are considered nominal. In order to evaluate the real return on our investment, we must calculate the return with inflation taken into account.

The compounding effect of inflation would account for 37.52% of returns ($275,212,727.66) during this period. This means the inflation-adjusted real return of our $134,000,000 investment is $458,362,471.62.

Investment in S&P 500 Index, 1996-2018
Original Amount Final Amount Change
Nominal $134,000,000 $867,575,199.28 547.44%
Real
Inflation Adjusted
$134,000,000 $458,362,471.62 342.06%


News headlines from 1996

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

  • The Motorola StarTAC, the first clamshell flip phone, goes on sale worldwide.
  • Osama bin Laden issues "A declaration of war against the Americans occupying the land of the two holy places".
  • Bill Clinton signs the Welfare Reform Bill into law.

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: “$134,000,000 in 1996 → 2018 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 19 Oct. 2019, https://www.officialdata.org/1996-dollars-in-2018?amount=134000000.

Special thanks to QuickChart for providing downloadable chart images.

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


» Read more about inflation and investment.

Inflation from 1996 to 2018
Cumulative price change 60.04%
Average inflation rate 2.16%
Converted amount ($134,000,000 base) $214,457,078.82
Price difference ($134,000,000 base) $80,457,078.82
CPI in 1996 156.900
CPI in 2018 251.107
Inflation in 1996 2.95%
Inflation in 2018 2.44%
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