U.S. inflation rate in 1993: 2.99%

Inflation Calculator


U.S. Inflation Rate, 1993-2018 ($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 consumer price index, the dollar experienced an average inflation rate of 2.17% per year. Prices in 2018 are 71.0% higher than prices in 1993.

In other words, $1 in the year 1993 is equivalent in purchasing power to $1.71 in 2018, a difference of $0.71 over 25 years.

The current inflation rate in 2018 is 0.77%1. If this number holds, $1 today will be equivalent to $1.01 next year.

Inflation from 1993 to 2018
Cumulative price change 71.00%
Average inflation rate 2.17%
Price difference ($1 base) $0.71
CPI in 1993 144.5
CPI in 2018 246.669

U.S. inflation from 1913 to 2017

Inflation rates for specific categories

New trucks · Rent of primary residence · Housing · 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 2018 / CPI in 1993 * 1993 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 144.5 in the year 1993 and 246.669 in 2018:

246.669 / 144.5 * $1 = $1.71

$1 in 1993 has the same "purchasing power" as $1.71 in 2018.

News headlines from 1993

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

  • 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

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 1993 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 17 Jan. 2018, http://www.in2013dollars.com/inflation-rate-in-1993.

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