$100 in 1984 is worth $200 in 2007,
because prices increased 99.6% over that period, an average of
3.05% a year.
$100 in 1984 has
the same buying power as
$200
in 2007
Detailed inflation statistics
Cumulative price change
99.6%
Average inflation rate
3.05% per year
Converted amount ($100 base)
$200
Price difference ($100 base)
$99.56
CPI in 1984
103.9
CPI in 2007
207.342
Inflation in 1984
4.32%
Inflation in 2007
2.85%
$100 in 1984 → 2007
$200
$100 in 2007 → 1984
$50.11
What happened to prices between 1984 and 2007
Between 1984 and 2007, the Consumer Price Index went from 103.9 to 207.342.
Cumulatively, prices increased 99.6%, which works out to an average of
3.05% per year. Put differently, a dollar in 1984 bought what
$0.50 buys in 2007: the 1984 dollar
lost 49.9% of its purchasing power over
these 23 years.
1984 was the year the recovery became a boom. Real GDP grew 7.2%, the
fastest calendar-year growth since 1951, as the tax cuts passed in 1981
combined with falling interest rates and rebuilding consumer confidence.
Unemployment, which had topped 10.8% just two years earlier, fell below
7.5%. Inflation ticked up to 4.3% from 3.2% the year before, but nothing
close to a return of the 1970s wage-price spiral: the Federal Reserve under
Paul Volcker kept policy tight enough to hold the line while growth ran hot.
The strength of the expansion, branded “Morning in America” in President
Reagan’s reelection campaign, carried him to a 49-state landslide over
Walter Mondale that November, at the time the widest electoral-vote margin
in U.S. history. For households, the numbers behind the slogan were
concrete: median income rose to about $22,400, and a gallon of gas cost
$1.13, roughly what it had cost three years earlier even as wages kept
climbing. The contrast with 1980, when 13.5% inflation and interest rates
near 20% had defined the economy, could not have been sharper.
Every 1984 amount converts to 2007 at the same ratio, 2.00: $1,000 becomes
$1,996, and $10,000 becomes $19,956.
Amount in 1984
Value in 2007
$1.00
$2.00
$5.00
$9.98
$10.00
$19.96
$20.00
$39.91
$50.00
$99.78
$100
$200
$500
$998
$1,000
$1,996
$5,000
$9,978
$10,000
$19,956
$100,000
$199,559
$1,000,000
$1,995,592
Inflation by spending category, 1984–2007
Between 1984 and 2007, medical care rose the most, up 228.7%, while apparel rose the least, up 16.6%, against 99.6% for all items. The headline number is an average; here is what $100 of 1984
spending costs in 2007, by category:
Category
Avg. yearly inflation
$100 in 1984 →
All items (CPI-U)
3.05%
$200
Medical care
5.31%
$329
Energy
3.19%
$206
Housing
3.11%
$202
Core (all items less food & energy)
3.09%
$201
Food
2.98%
$197
Transportation
2.54%
$178
Apparel
0.67%
$117
Not shown because the BLS began these indexes after 1984: recreation (1993–), education & communication (1993–).
Decade by decade: 1984 to 2007
Prices climbed fastest in the 1980s, averaging 3.90% a year, and slowest in the 2000s (2.69% a year). Each step below chains into the full 1984–2007 change:
Years
Avg. yearly inflation
Price change
$100 from 1984, at end
1984–1990
3.90%
25.8%
$126
1990–2000
2.80%
31.8%
$166
2000–2007
2.69%
20.4%
$200
Year by year: CPI and the value of $100 from 1984
$100 from 1984 had already become $147 by
1995, on its way to $200 in 2007; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 5.4% in 1990, and the smallest rise was 1.6% in 1998.
In 2007, prices rose 2.8% and $100 from 1984 had the buying
power of $200; the year's average CPI of 207.342 is the level
behind every 2007 figure on this page.
Inflation was 2.8% in 2007, with gasoline averaging $2.80 a gallon, but the year is better
known for what began underneath prices. In August, French bank BNP Paribas froze funds tied to
U.S. subprime mortgages, and credit between banks tightened. The Federal Reserve responded with
a half-point cut on September 18, its first in four years, and took the policy rate from 5.25% to
4.25% by December. The economy peaked that month, by the National Bureau of Economic Research’s
dating, and the Great Recession followed. The median household earned about $50,200, and the
median new home cost $247,900. Congress ended the decade-long freeze on the federal minimum wage
in May, with the first of three steps to $5.85 in July. A first-class stamp cost 41 cents.
MLA: “Inflation from 1984 to 2007: $100 is worth $200 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1984-to-2007/
APA: InflationCalculator.com. Inflation from 1984 to 2007. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1984-to-2007/