U.S. inflation rate in 1993: 2.99%

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U.S. Inflation Rate, 1993-2017 ($1)

The consumer price index (CPI) in 1993 was 144.5. 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 2.21% per year. Prices in 2017 are 69.0% higher than prices in 1993.

In other words, $1 in the year 1993 is equivalent to $1.69 in 2017, a difference of $0.69 over 24 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 1993 to 2017
Cumulative price change 69.00%
Average inflation rate 2.21%
Price difference ($1 base) $0.69
CPI in 1993 144.5
CPI in 2017 244.786


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Rent of primary residence · Electricity · Airline fares · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 1993

Start with the inflation rate formula:

CPI in 2017 / CPI in 1993 * 1993 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 144.5 in the year 1993 and 244.786 in 2017:

244.786 / 144.5 * $1 = $1.69

The "purchasing power" of $1 from 1993 is $1.69 in 2017.


News headlines from 1993

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

  • Letters of mutual recognition are exchanged between Israel and the Palestine Liberation Organization.
  • The Nobel Peace Prize is awarded to Nelson Mandela and South African President de Klerk.
  • A new democratic constitution is approved by black and white leaders in South Africa.

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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