According to the U.S. Bureau of Labor Statistics, prices for personal consumption expenditures price index were 127.98% higher in 2023 versus 1987 (a $22,290,802.74 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 $39,707,713.74 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.
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 | $34,144,290.19 | 1.44% |
| 2020 | $34,514,193.70 | 1.08% |
| 2021 | $35,954,472.68 | 4.17% |
| 2022 | $38,277,055.50 | 6.46% |
| 2023 | $39,707,713.74 | 3.74% |
| 2024 | $40,519,943.29 | 2.05%* |
* 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 |
| 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 | 103.513 | 104.635 | 109.001 | 116.043 | 120.380 | 122.842 |