$100 in 1993 is worth $164 in 2014,
because prices increased 63.8% over that period, an average of
2.38% a year.
$100 in 1993 has
the same buying power as
$164
in 2014
Detailed inflation statistics
Cumulative price change
63.8%
Average inflation rate
2.38% per year
Converted amount ($100 base)
$164
Price difference ($100 base)
$63.83
CPI in 1993
144.5
CPI in 2014
236.736
Inflation in 1993
2.99%
Inflation in 2014
1.62%
$100 in 1993 → 2014
$164
$100 in 2014 → 1993
$61.04
What happened to prices between 1993 and 2014
Between 1993 and 2014, the Consumer Price Index went from 144.5 to 236.736.
Cumulatively, prices increased 63.8%, which works out to an average of
2.38% per year. Put differently, a dollar in 1993 bought what
$0.61 buys in 2014: the 1993 dollar
lost 39.0% of its purchasing power over
these 21 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 2014 at the same ratio, 1.64: $1,000 becomes
$1,638, and $10,000 becomes $16,383.
Amount in 1993
Value in 2014
$1.00
$1.64
$5.00
$8.19
$10.00
$16.38
$20.00
$32.77
$50.00
$81.92
$100
$164
$500
$819
$1,000
$1,638
$5,000
$8,192
$10,000
$16,383
$100,000
$163,831
$1,000,000
$1,638,311
Inflation by spending category, 1993–2014
Between 1993 and 2014, energy rose the most, up 133.8%, while apparel fell 4.6%, against 63.8% for all items. The headline number is an average; here is what $100 of 1993
spending costs in 2014, by category:
Category
Avg. yearly inflation
$100 in 1993 →
All items (CPI-U)
2.38%
$164
Energy
4.13%
$234
Medical care
3.74%
$216
Food
2.62%
$172
Transportation
2.43%
$166
Housing
2.42%
$165
Education & communication
2.29%
$161
Core (all items less food & energy)
2.15%
$156
Recreation
1.16%
$127
Apparel
-0.23%
$95.37
Decade by decade: 1993 to 2014
Prices climbed fastest in the 1990s, averaging 2.54% a year, and slowest in the 2010s (2.08% a year). Each step below chains into the full 1993–2014 change:
Years
Avg. yearly inflation
Price change
$100 from 1993, at end
1993–2000
2.54%
19.2%
$119
2000–2010
2.39%
26.6%
$151
2010–2014
2.08%
8.6%
$164
Year by year: CPI and the value of $100 from 1993
$100 from 1993 had already become $127 by
2003, on its way to $164 in 2014; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 3.8% in 2008, and prices fell 0.4% in 2009, the deepest deflation of the period.
In 2014, prices rose 1.6% and $100 from 1993 had the buying
power of $164; the year's average CPI of 236.736 is the level
behind every 2014 figure on this page.
2014 ended with the sharpest oil price drop in years. Consumer prices rose
1.6% for the year, close to 2013’s pace, but the annual figure hid a shift at
the pump: crude oil fell from above $100 a barrel in June to below $60 in
December, and gasoline finished the year near $2.25 a gallon after averaging
$3.37 across 2014. The drop reflected record U.S. shale output, softer
global demand, and OPEC’s decision in November to keep producing.
For households, cheaper fuel arrived just as the labor market strengthened.
Median household income was $53,657, essentially flat on the prior year, and
the median new home sold for about $288,500. The federal minimum wage stayed
at $7.25 for a fifth year, and a first-class stamp rose to 49 cents.
The Federal Reserve ended its bond purchases in October but left its policy
rate at zero. A stronger dollar helped hold down import prices. Because
energy weighs heavily in the CPI, the late-year slide carried into 2015, which
posted the smallest annual increase of the decade.
MLA: “Inflation from 1993 to 2014: $100 is worth $164 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1993-to-2014/
APA: InflationCalculator.com. Inflation from 1993 to 2014. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1993-to-2014/