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.
|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|
Politics and news often play an important role in economic performance.
Inflation Data Source: The Bureau of Labor Statistics' Consumer Price Index (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.