According to the U.S. Bureau of Labor Statistics, prices for personal consumption expenditures price index were 128.22% higher in 2023 versus 1987 (a $22,332,199.39 difference in value).
Between 1987 and 2023, Personal Consumption Expenditures Price Index experienced an average inflation rate of 2.32% per year. This rate of change indicates significant inflation. In other words, personal consumption expenditures price index costing $17,416,911 in the year 1987 would cost $39,749,110.39 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.78% during this same period, inflation for personal consumption expenditures price index was lower.
In the year 1987: Pricing changed by 3.09%, which is above the average yearly change for personal consumption expenditures price index during the 1987-2023 time period. Compared to inflation for all items in 1987 (3.66%), inflation for personal consumption expenditures price index was lower.
The official rate is based on an average household's spending, so your own inflation rate is probably different. The personal inflation calculator works it out from your budget.
Below are calculations of equivalent buying power for Personal Consumption Expenditures Price Index, over time, for $17,416,911 beginning in 1987. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1987 | $17,416,911.00 | 3.09% |
| 1988 | $18,097,509.27 | 3.91% |
| 1989 | $18,887,783.91 | 4.37% |
| 1990 | $19,717,008.79 | 4.39% |
| 1991 | $20,376,331.49 | 3.34% |
| 1992 | $20,919,463.20 | 2.67% |
| 1993 | $21,440,549.69 | 2.49% |
| 1994 | $21,887,941.34 | 2.09% |
| 1995 | $22,348,774.54 | 2.11% |
| 1996 | $22,826,705.16 | 2.14% |
| 1997 | $23,223,959.04 | 1.74% |
| 1998 | $23,408,759.61 | 0.80% |
| 1999 | $23,749,828.41 | 1.46% |
| 2000 | $24,350,519.60 | 2.53% |
| 2001 | $24,838,675.68 | 2.00% |
| 2002 | $25,164,901.06 | 1.31% |
| 2003 | $25,693,546.69 | 2.10% |
| 2004 | $26,331,346.43 | 2.48% |
| 2005 | $27,090,010.09 | 2.88% |
| 2006 | $27,852,824.41 | 2.82% |
| 2007 | $28,567,535.05 | 2.57% |
| 2008 | $29,412,922.77 | 2.96% |
| 2009 | $29,330,926.62 | -0.28% |
| 2010 | $29,856,273.71 | 1.79% |
| 2011 | $30,611,583.86 | 2.53% |
| 2012 | $31,182,423.29 | 1.86% |
| 2013 | $31,593,586.01 | 1.32% |
| 2014 | $32,035,782.46 | 1.40% |
| 2015 | $32,094,468.95 | 0.18% |
| 2016 | $32,419,457.37 | 1.01% |
| 2017 | $32,985,431.45 | 1.75% |
| 2018 | $33,660,587.13 | 2.05% |
| 2019 | $34,142,750.87 | 1.43% |
| 2020 | $34,524,611.58 | 1.12% |
| 2021 | $35,919,618.13 | 4.04% |
| 2022 | $38,275,406.23 | 6.56% |
| 2023 | $39,749,110.39 | 3.85% |
| 2024 | $40,790,376.26 | 2.62% |
| 2025 | $41,847,145.26 | 2.59% |
| 2026 | $43,046,452.32 | 2.87%* |
* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Personal Consumption Expenditures Price Index:
| Year | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
| CPI | 15.290 | 15.541 | 15.702 | 15.886 | 16.076 | 16.309 | 16.544 | 16.962 | 17.389 | 18.069 | 18.883 | 19.766 | 20.605 | 21.308 | 22.456 | 24.793 | 26.860 | 28.333 | 30.176 | 32.276 | 35.143 | 38.928 | 42.415 | 44.771 | 46.676 | 48.439 | 50.128 | 51.219 | 52.802 | 54.865 | 57.261 | 59.775 | 61.774 | 63.420 | 65.000 | 66.356 | 67.754 | 69.203 | 70.407 | 70.967 | 72.001 | 73.822 | 75.302 | 76.291 | 77.894 | 79.827 | 82.127 | 84.440 | 86.607 | 89.170 | 88.921 | 90.514 | 92.803 | 94.534 | 95.781 | 97.121 | 97.299 | 98.284 | 100.000 | 102.047 | 103.509 | 104.666 | 108.896 | 116.038 | 120.505 | 123.662 | 126.866 | 130.502 |