U.S. inflation · 1989–2023
$100 in 1989 has the same buying power as
$246
in 2023
| Cumulative price change | 145.7% |
|---|---|
| Average inflation rate | 2.68% per year |
| Converted amount ($100 base) | $246 |
| Price difference ($100 base) | $146 |
| CPI in 1989 | 124 |
| CPI in 2023 | 304.702 |
| Inflation in 1989 | 4.82% |
| Inflation in 2023 | 4.12% |
| $100 in 1989 → 2023 | $246 |
| $100 in 2023 → 1989 | $40.70 |
Between 1989 and 2023, the Consumer Price Index went from 124 to 304.702. Cumulatively, prices increased 145.7%, which works out to an average of 2.68% per year. Put differently, a dollar in 1989 bought what $0.41 buys in 2023.
| Amount in 1989 | Value in 2023 |
|---|---|
| $1.00 | $2.46 |
| $5.00 | $12.29 |
| $10.00 | $24.57 |
| $20.00 | $49.15 |
| $50.00 | $123 |
| $100 | $246 |
| $500 | $1,229 |
| $1,000 | $2,457 |
| $5,000 | $12,286 |
| $10,000 | $24,573 |
| $100,000 | $245,727 |
| $1,000,000 | $2,457,274 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1989 spending costs in 2023, by category:
| Category | Avg. yearly inflation | $100 in 1989 → |
|---|---|---|
| All items (CPI-U) | 2.68% | $246 |
| Medical care | 3.90% | $368 |
| Energy | 3.29% | $300 |
| Housing | 2.85% | $260 |
| Food | 2.83% | $258 |
| Core (all items less food & energy) | 2.60% | $239 |
| Transportation | 2.53% | $234 |
| Apparel | 0.28% | $110 |
Not shown because the BLS began these indexes after 1989: recreation (1993–), education & communication (1993–).
| Year | CPI | Inflation rate | $100 from 1989 |
|---|---|---|---|
| 1989 | 124 | 4.8% | $100 |
| 1991 | 136.2 | 4.2% | $110 |
| 1993 | 144.5 | 3.0% | $117 |
| 1995 | 152.4 | 2.8% | $123 |
| 1997 | 160.5 | 2.3% | $129 |
| 1999 | 166.6 | 2.2% | $134 |
| 2001 | 177.1 | 2.8% | $143 |
| 2003 | 184 | 2.3% | $148 |
| 2005 | 195.3 | 3.4% | $158 |
| 2007 | 207.342 | 2.8% | $167 |
| 2009 | 214.537 | -0.4% | $173 |
| 2011 | 224.939 | 3.2% | $181 |
| 2013 | 232.957 | 1.5% | $188 |
| 2015 | 237.017 | 0.1% | $191 |
| 2017 | 245.12 | 2.1% | $198 |
| 2019 | 255.657 | 1.8% | $206 |
| 2021 | 270.97 | 4.7% | $219 |
| 2023 | 304.702 | 4.1% | $246 |
Long periods are sampled every 2 years; the calculator above covers any pair of years.
MLA: “Inflation from 1989 to 2023: $100 is worth $246 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1989-to-2023/
APA: InflationCalculator.com. Inflation from 1989 to 2023. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1989-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.