$100 in 1993 is worth $143 in 2007,
because prices increased 43.5% over that period, an average of
2.61% a year.
$100 in 1993 has
the same buying power as
$143
in 2007
Detailed inflation statistics
Cumulative price change
43.5%
Average inflation rate
2.61% per year
Converted amount ($100 base)
$143
Price difference ($100 base)
$43.49
CPI in 1993
144.5
CPI in 2007
207.342
Inflation in 1993
2.99%
Inflation in 2007
2.85%
$100 in 1993 → 2007
$143
$100 in 2007 → 1993
$69.69
What happened to prices between 1993 and 2007
Between 1993 and 2007, the Consumer Price Index went from 144.5 to 207.342.
Cumulatively, prices increased 43.5%, which works out to an average of
2.61% per year. Put differently, a dollar in 1993 bought what
$0.70 buys in 2007: the 1993 dollar
lost 30.3% of its purchasing power over
these 14 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 2007 at the same ratio, 1.43: $1,000 becomes
$1,435, and $10,000 becomes $14,349.
Amount in 1993
Value in 2007
$1.00
$1.43
$5.00
$7.17
$10.00
$14.35
$20.00
$28.70
$50.00
$71.74
$100
$143
$500
$717
$1,000
$1,435
$5,000
$7,174
$10,000
$14,349
$100,000
$143,489
$1,000,000
$1,434,893
Inflation by spending category, 1993–2007
Between 1993 and 2007, energy rose the most, up 99.4%, while apparel fell 11.0%, against 43.5% for all items. The headline number is an average; here is what $100 of 1993
spending costs in 2007, by category:
Category
Avg. yearly inflation
$100 in 1993 →
All items (CPI-U)
2.61%
$143
Energy
5.05%
$199
Medical care
4.05%
$174
Housing
2.86%
$148
Food
2.64%
$144
Transportation
2.52%
$142
Education & communication
2.42%
$140
Core (all items less food & energy)
2.35%
$138
Recreation
1.48%
$123
Apparel
-0.83%
$89.00
Decade by decade: 1993 to 2007
Prices climbed fastest in the 2000s, averaging 2.69% a year, and slowest in the 1990s (2.54% a year). Each step below chains into the full 1993–2007 change:
Years
Avg. yearly inflation
Price change
$100 from 1993, at end
1993–2000
2.54%
19.2%
$119
2000–2007
2.69%
20.4%
$143
Year by year: CPI and the value of $100 from 1993
$100 from 1993 had already become $119 by
2000, on its way to $143 in 2007; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 3.4% in 2005, and the smallest rise was 1.6% in 1998.
In 2007, prices rose 2.8% and $100 from 1993 had the buying
power of $143; 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 1993 to 2007: $100 is worth $143 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1993-to-2007/
APA: InflationCalculator.com. Inflation from 1993 to 2007. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1993-to-2007/