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.

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 |

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

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.

Raw data for these calculations comes from 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.

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.