U.S. inflation · 1984–2023
$100 in 1984 has the same buying power as
$293
in 2023
| Cumulative price change | 193.3% |
|---|---|
| Average inflation rate | 2.80% per year |
| Converted amount ($100 base) | $293 |
| Price difference ($100 base) | $193 |
| CPI in 1984 | 103.9 |
| CPI in 2023 | 304.702 |
| Inflation in 1984 | 4.32% |
| Inflation in 2023 | 4.12% |
| $100 in 1984 → 2023 | $293 |
| $100 in 2023 → 1984 | $34.10 |
Between 1984 and 2023, the Consumer Price Index went from 103.9 to 304.702. Cumulatively, prices increased 193.3%, which works out to an average of 2.80% per year. Put differently, a dollar in 1984 bought what $0.34 buys in 2023.
| Amount in 1984 | Value in 2023 |
|---|---|
| $1.00 | $2.93 |
| $5.00 | $14.66 |
| $10.00 | $29.33 |
| $20.00 | $58.65 |
| $50.00 | $147 |
| $100 | $293 |
| $500 | $1,466 |
| $1,000 | $2,933 |
| $5,000 | $14,663 |
| $10,000 | $29,326 |
| $100,000 | $293,265 |
| $1,000,000 | $2,932,647 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1984 spending costs in 2023, by category:
| Category | Avg. yearly inflation | $100 in 1984 → |
|---|---|---|
| All items (CPI-U) | 2.80% | $293 |
| Medical care | 4.29% | $514 |
| Food | 2.97% | $313 |
| Housing | 2.94% | $309 |
| Core (all items less food & energy) | 2.81% | $295 |
| Energy | 2.68% | $281 |
| Transportation | 2.45% | $257 |
| Apparel | 0.63% | $128 |
Not shown because the BLS began these indexes after 1984: recreation (1993–), education & communication (1993–).
| Year | CPI | Inflation rate | $100 from 1984 |
|---|---|---|---|
| 1984 | 103.9 | 4.3% | $100 |
| 1986 | 109.6 | 1.9% | $105 |
| 1988 | 118.3 | 4.1% | $114 |
| 1990 | 130.7 | 5.4% | $126 |
| 1992 | 140.3 | 3.0% | $135 |
| 1994 | 148.2 | 2.6% | $143 |
| 1996 | 156.9 | 3.0% | $151 |
| 1998 | 163 | 1.6% | $157 |
| 2000 | 172.2 | 3.4% | $166 |
| 2002 | 179.9 | 1.6% | $173 |
| 2004 | 188.9 | 2.7% | $182 |
| 2006 | 201.6 | 3.2% | $194 |
| 2008 | 215.303 | 3.8% | $207 |
| 2010 | 218.056 | 1.6% | $210 |
| 2012 | 229.594 | 2.1% | $221 |
| 2014 | 236.736 | 1.6% | $228 |
| 2016 | 240.007 | 1.3% | $231 |
| 2018 | 251.107 | 2.4% | $242 |
| 2020 | 258.811 | 1.2% | $249 |
| 2022 | 292.655 | 8.0% | $282 |
| 2023 | 304.702 | 4.1% | $293 |
Long periods are sampled every 2 years; the calculator above covers any pair of years.
MLA: “Inflation from 1984 to 2023: $100 is worth $293 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1984-to-2023/
APA: InflationCalculator.com. Inflation from 1984 to 2023. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1984-to-2023/
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.