U.S. inflation rate in 1983: 3.21%

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U.S. Inflation Rate, 1983-2017 ($1)

The consumer price index (CPI) in 1983 was 99.6. the Bureau of Labor Statistics uses this CPI value to track inflation on a monthly basis.

According to the Bureau of Labor Statistics, the dollar experienced an average inflation rate of 2.68% per year. Prices in 2017 are 146.0% higher than prices in 1983.

In other words, $1 in the year 1983 is equivalent to $2.46 in 2017, a difference of $1.46 over 34 years.

The current inflation rate in 2017 is 1.99%1. If this number holds, $1 today will be equivalent to $1.02 next year.

Inflation from 1983 to 2017
Cumulative price change 146.00%
Average inflation rate 2.68%
Price difference ($1 base) $1.46
CPI in 1983 99.6
CPI in 2017 244.786


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Alcoholic beverages · Rent of primary residence · 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 $1 since 1983

Start with the inflation rate formula:

CPI in 2017 / CPI in 1983 * 1983 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 99.6 in the year 1983 and 244.786 in 2017:

244.786 / 99.6 * $1 = $2.46

$1 in 1983 has the same "purchasing power" as $2.46 in 2017.


News headlines from 1983

Politics and news often play an important role in economic performance.

  • 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 Data Source: 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.


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