U.S. inflation rate in 1994: 2.56%

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U.S. Inflation Rate, 1994-2018 ($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 consumer price index, the dollar experienced an average inflation rate of 2.19% per year. Prices in 2018 are 68.0% higher than prices in 1994.

In other words, $1 in the year 1994 is equivalent in purchasing power to $1.68 in 2018, a difference of $0.68 over 24 years.

The current inflation rate in 2018 is 1.72%1. If this number holds, $1 today will be equivalent to $1.02 next year.

Inflation from 1994 to 2018
Cumulative price change 68.00%
Average inflation rate 2.19%
Price difference ($1 base) $0.68
CPI in 1994 148.2
CPI in 2018 248.991


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Women's apparel · Wireless telephone services · Electricity · 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 2018 / CPI in 1994 * 1994 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 148.2 in the year 1994 and 248.991 in 2018:

248.991 / 148.2 * $1 = $1.68

$1 in 1994 has the same "purchasing power" as $1.68 in 2018.


News headlines from 1994

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

  • 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

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 1994 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 23 Apr. 2018, http://www.in2013dollars.com/inflation-rate-in-1994.


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