U.S. inflation rate in 1984: 4.32%

Inflation Calculator


U.S. Inflation Rate, 1984-2018 ($1)

The consumer price index (CPI) in 1984 was 103.9. the Bureau of Labor Statistics uses this CPI value to track inflation on a monthly basis.

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 2.61% per year. Prices in 2018 are 140.0% higher than prices in 1984.

In other words, $1 in the year 1984 is equivalent in purchasing power to $2.40 in 2018, a difference of $1.40 over 34 years.

The current inflation rate in 2018 is 1.72%1. If this number holds, $1 today will be equivalent to $1.02 next year.

Inflation from 1984 to 2018
Cumulative price change 140.00%
Average inflation rate 2.61%
Price difference ($1 base) $1.40
CPI in 1984 103.9
CPI in 2018 248.991

U.S. inflation from 1913 to 2017

Inflation rates for specific categories

Parking fees and tolls · Rent of primary residence · Juices and nonalcoholic drinks · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 1984

Start with the inflation rate formula:

CPI in 2018 / CPI in 1984 * 1984 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 103.9 in the year 1984 and 248.991 in 2018:

248.991 / 103.9 * $1 = $2.40

$1 in 1984 has the same "purchasing power" as $2.40 in 2018.

News headlines from 1984

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

  • Apple Computer Inc unveils the Macintosh personal computer.
  • Virus causing AIDS (acquired immune deficiency syndrome) is identified as HTLV-III.
  • Operation Blue Star took place as Indira Gandhi issued command to attack the Golden Temple, holiest site of Sikh's.
  • Indira Gandhi orders an attack on the Golden temple, one of the holiest sites in Sikh tradition, in an operation now called Blue Star.
  • A toxic leak in the Union Carbide factory kills 2,259 people, a further 500,000 are injured.

Inflation Data Source

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: “Inflation Rate in 1984 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 17 Apr. 2018, http://www.in2013dollars.com/inflation-rate-in-1984.

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