U.S. inflation rate in 1996: 2.95%

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U.S. Inflation Rate, 1996-2017 ($1)

The consumer price index (CPI) in 1996 was 156.9. 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 2.14% per year. Prices in 2017 are 56.0% higher than prices in 1996.

In other words, $1 in the year 1996 is equivalent to $1.56 in 2017, a difference of $0.56 over 21 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 1996 to 2017
Cumulative price change 56.00%
Average inflation rate 2.14%
Price difference ($1 base) $0.56
CPI in 1996 156.9
CPI in 2017 244.786


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Electricity · Televisions · Medical care · More

Inflation-adjusted measures

S&P 500 price · S&P 500 earnings · Shiller P/E

How to calculate the inflation rate for $1 since 1996

Start with the inflation rate formula:

CPI in 2017 / CPI in 1996 * 1996 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 156.9 in the year 1996 and 244.786 in 2017:

244.786 / 156.9 * $1 = $1.56

The "purchasing power" of $1 from 1996 is $1.56 in 2017.


News headlines from 1996

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

  • The Motorola StarTAC, the first clamshell flip phone, goes on sale worldwide.
  • Osama bin Laden issues "A declaration of war against the Americans occupying the land of the two holy places".
  • Bill Clinton signs the Welfare Reform Bill into law.

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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