U.S. inflation · 1934–1998
$100 in 1934 has the same buying power as
$1,216
in 1998
| Cumulative price change | 1116.4% |
|---|---|
| Average inflation rate | 3.98% per year |
| Converted amount ($100 base) | $1,216 |
| Price difference ($100 base) | $1,116 |
| CPI in 1934 | 13.4 |
| CPI in 1998 | 163 |
| Inflation in 1934 | 3.08% |
| Inflation in 1998 | 1.56% |
| $100 in 1934 → 1998 | $1,216 |
| $100 in 1998 → 1934 | $8.22 |
Between 1934 and 1998, the Consumer Price Index went from 13.4 to 163. Cumulatively, prices increased 1116.4%, which works out to an average of 3.98% per year. Put differently, a dollar in 1934 bought what $0.08 buys in 1998.
| Amount in 1934 | Value in 1998 |
|---|---|
| $1.00 | $12.16 |
| $5.00 | $60.82 |
| $10.00 | $122 |
| $20.00 | $243 |
| $50.00 | $608 |
| $100 | $1,216 |
| $500 | $6,082 |
| $1,000 | $12,164 |
| $5,000 | $60,821 |
| $10,000 | $121,642 |
| $100,000 | $1,216,418 |
| $1,000,000 | $12,164,179 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1934 spending costs in 1998, by category:
| Category | Avg. yearly inflation | $100 in 1934 → |
|---|---|---|
| All items (CPI-U) | 3.98% | $1,216 |
| Food | 4.19% | $1,385 |
| Apparel | 2.96% | $646 |
Not shown because the BLS began these indexes after 1934: core (all items less food & energy) (1957–), energy (1957–), housing (1967–), medical care (1935–), transportation (1935–), recreation (1993–), education & communication (1993–).
| Year | CPI | Inflation rate | $100 from 1934 |
|---|---|---|---|
| 1934 | 13.4 | 3.1% | $100 |
| 1939 | 13.9 | -1.4% | $104 |
| 1944 | 17.6 | 1.7% | $131 |
| 1949 | 23.8 | -1.2% | $178 |
| 1954 | 26.9 | 0.7% | $201 |
| 1959 | 29.1 | 0.7% | $217 |
| 1964 | 31 | 1.3% | $231 |
| 1969 | 36.7 | 5.5% | $274 |
| 1974 | 49.3 | 11.0% | $368 |
| 1979 | 72.6 | 11.3% | $542 |
| 1984 | 103.9 | 4.3% | $775 |
| 1989 | 124 | 4.8% | $925 |
| 1994 | 148.2 | 2.6% | $1,106 |
| 1998 | 163 | 1.6% | $1,216 |
Long periods are sampled every 5 years; the calculator above covers any pair of years.
MLA: “Inflation from 1934 to 1998: $100 is worth $1,216 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1934-to-1998/
APA: InflationCalculator.com. Inflation from 1934 to 1998. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1934-to-1998/
Source: U.S. Bureau of Labor Statistics, CPI-U annual averages (series CUUR0000SA0; category indexes listed on the data sources page). See how these numbers are calculated.