U.S. inflation rate in 1984: 4.32%

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U.S. Inflation Rate, 1984-2017 ($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, the dollar experienced an average inflation rate of 2.64% per year. Prices in 2017 are 136.0% higher than prices in 1984.

In other words, $1 in the year 1984 is equivalent to $2.36 in 2017, a difference of $1.36 over 33 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 1984 to 2017
Cumulative price change 136.00%
Average inflation rate 2.64%
Price difference ($1 base) $1.36
CPI in 1984 103.9
CPI in 2017 244.786


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Gasoline (all types) · Medical care · Baby food · 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 2017 / CPI in 1984 * 1984 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 103.9 in the year 1984 and 244.786 in 2017:

244.786 / 103.9 * $1 = $2.36

The "purchasing power" of $1 from 1984 is $2.36 in 2017.


News headlines from 1984

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

  • 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: 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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