U.S. inflation rate in 1994: 2.56%

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U.S. Inflation Rate, 1994-2017 ($1)

The consumer price index (CPI) in 1994 was 148.2. 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 2.20% per year. Prices in 2017 are 65.0% higher than prices in 1994.

In other words, $1 in the year 1994 is equivalent to $1.65 in 2017, a difference of $0.65 over 23 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 1994 to 2017
Cumulative price change 65.00%
Average inflation rate 2.20%
Price difference ($1 base) $0.65
CPI in 1994 148.2
CPI in 2017 244.786


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Hospital services · Admission to sporting events · 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 1994

Start with the inflation rate formula:

CPI in 2017 / CPI in 1994 * 1994 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 148.2 in the year 1994 and 244.786 in 2017:

244.786 / 148.2 * $1 = $1.65

$1 in 1994 has the same "purchasing power" as $1.65 in 2017.


News headlines from 1994

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

  • The Rwandan Genocide begins as an aircraft is shot down while carrying Rwandan and Butundian presidents, Juvenal Habyarimana and Cyprien Ntaryamira
  • Nelson Mandela becomes South Africa's first black president.
  • The IRA declares a ceasefire.
  • Guantanamo Naval Base is re-opened for refugee processing.

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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