$100 in 1993 is worth $105 in 1995,
because prices increased 5.5% over that period, an average of
2.70% a year.
$100 in 1993 has
the same buying power as
$105
in 1995
Detailed inflation statistics
Cumulative price change
5.5%
Average inflation rate
2.70% per year
Converted amount ($100 base)
$105
Price difference ($100 base)
$5.47
CPI in 1993
144.5
CPI in 1995
152.4
Inflation in 1993
2.99%
Inflation in 1995
2.83%
$100 in 1993 → 1995
$105
$100 in 1995 → 1993
$94.82
What happened to prices between 1993 and 1995
Between 1993 and 1995, the Consumer Price Index went from 144.5 to 152.4.
Cumulatively, prices increased 5.5%, which works out to an average of
2.70% per year. Put differently, a dollar in 1993 bought what
$0.95 buys in 1995: the 1993 dollar
lost 5.2% of its purchasing power over
these 2 years.
By 1993, the median household earned about $31,200, gas averaged $1.11 a gallon, and a new home
cost roughly $126,500. Inflation ran at 3.0% for the year, holding close to where it had settled
the year before as the recovery slowly gathered strength. Washington spent much of the year on
two pieces of unfinished business from the recession: a deficit-reduction package, the Omnibus
Budget Reconciliation Act, that raised the top income tax rate to 39.6% to start narrowing a
budget gap left over from the 1980s, and a trade deal, the North American Free Trade Agreement,
that President Clinton signed into law in December after a contentious fight in Congress. NAFTA
phased out most tariffs between the U.S., Mexico, and Canada and took effect the following
January. The year’s other defining event had nothing to do with the economy: in February, a bomb
exploded in the World Trade Center’s parking garage, killing six people and injuring more than a
thousand. By year’s end, the pieces of the decade’s later economic story, freer trade, a
shrinking deficit, and inflation holding near 3%, were already in place.
Every 1993 amount converts to 1995 at the same ratio, 1.05: $1,000 becomes
$1,055, and $10,000 becomes $10,547.
Amount in 1993
Value in 1995
$1.00
$1.05
$5.00
$5.27
$10.00
$10.55
$20.00
$21.09
$50.00
$52.73
$100
$105
$500
$527
$1,000
$1,055
$5,000
$5,273
$10,000
$10,547
$100,000
$105,467
$1,000,000
$1,054,671
Inflation by spending category, 1993–1995
Between 1993 and 1995, medical care rose the most, up 9.5%, while apparel fell 1.3%, against 5.5% for all items. The headline number is an average; here is what $100 of 1993
spending costs in 1995, by category:
Category
Avg. yearly inflation
$100 in 1993 →
All items (CPI-U)
2.70%
$105
Medical care
4.63%
$109
Education & communication
3.84%
$108
Transportation
3.28%
$107
Core (all items less food & energy)
2.91%
$106
Food
2.63%
$105
Housing
2.55%
$105
Recreation
2.07%
$104
Energy
0.48%
$101
Apparel
-0.64%
$98.73
Year by year: CPI and the value of $100 from 1993
$100 from 1993 had already become $103 by
1994, on its way to $105 in 1995; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 2.8% in 1995, and the smallest rise was 2.6% in 1994.
In 1995, prices rose 2.8% and $100 from 1993 had the buying
power of $105; the year's average CPI of 152.4 is the level
behind every 1995 figure on this page.
In 1995, gas averaged $1.15 a gallon, a new home cost roughly $133,900, and the median household
earned about $34,100. Inflation ran at 2.8% for the year, little changed from 1994, as the
Federal Reserve shifted from raising rates to cutting them. Having lifted its policy rate six
times the year before, the Fed judged by July that the economy had cooled enough on its own, and
trimmed rates instead, an outcome economists would later point to as a rare soft landing. The
year opened with a currency crisis: Mexico’s peso lost roughly half its value against the dollar
in a matter of weeks, and the U.S. Treasury and the IMF assembled a $50 billion rescue package,
controversial in Congress, to stabilize it and keep the crisis from spreading to other emerging
markets. Closer to home, a budget standoff between President Clinton and the Republican Congress
shut down federal agencies twice, first for five days in November and then for 21 days spanning
December into January 1996, the longest shutdown up to that point. The Postal Service raised the
cost of a first-class stamp to 32 cents in January. Low, steady inflation was about the only calm
part of 1995’s economic story.
MLA: “Inflation from 1993 to 1995: $100 is worth $105 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1993-to-1995/
APA: InflationCalculator.com. Inflation from 1993 to 1995. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1993-to-1995/