$100 in 1993 is worth $217 in 2024,
because prices increased 117.1% over that period, an average of
2.53% a year.
$100 in 1993 has
the same buying power as
$217
in 2024
Detailed inflation statistics
Cumulative price change
117.1%
Average inflation rate
2.53% per year
Converted amount ($100 base)
$217
Price difference ($100 base)
$117
CPI in 1993
144.5
CPI in 2024
313.689
Inflation in 1993
2.99%
Inflation in 2024
2.95%
$100 in 1993 → 2024
$217
$100 in 2024 → 1993
$46.06
What happened to prices between 1993 and 2024
Between 1993 and 2024, the Consumer Price Index went from 144.5 to 313.689.
Cumulatively, prices increased 117.1%, which works out to an average of
2.53% per year. Put differently, a dollar in 1993 bought what
$0.46 buys in 2024: the 1993 dollar
lost 53.9% of its purchasing power over
these 31 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 2024 at the same ratio, 2.17: $1,000 becomes
$2,171, and $10,000 becomes $21,709.
Amount in 1993
Value in 2024
$1.00
$2.17
$5.00
$10.85
$10.00
$21.71
$20.00
$43.42
$50.00
$109
$100
$217
$500
$1,085
$1,000
$2,171
$5,000
$10,854
$10,000
$21,709
$100,000
$217,086
$1,000,000
$2,170,858
Inflation by spending category, 1993–2024
Between 1993 and 2024, medical care rose the most, up 180.0%, while apparel fell 1.7%, against 117.1% for all items. The headline number is an average; here is what $100 of 1993
spending costs in 2024, by category:
Category
Avg. yearly inflation
$100 in 1993 →
All items (CPI-U)
2.53%
$217
Medical care
3.38%
$280
Energy
3.23%
$268
Housing
2.82%
$237
Food
2.79%
$234
Core (all items less food & energy)
2.42%
$210
Transportation
2.38%
$208
Education & communication
1.74%
$171
Recreation
1.37%
$152
Apparel
-0.05%
$98.34
Decade by decade: 1993 to 2024
Prices climbed fastest in the 2020s, averaging 4.93% a year, and slowest in the 2010s (1.73% a year). Each step below chains into the full 1993–2024 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
2010–2020
1.73%
18.7%
$179
2020–2024
4.93%
21.2%
$217
Year by year: CPI and the value of $100 from 1993
$100 from 1993 had already become $148 by
2009, on its way to $217 in 2024; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 8.0% in 2022, and prices fell 0.4% in 2009, the deepest deflation of the period.
Long periods are sampled every 2 years; the calculator above covers any pair of years.
The destination year: 2024
In 2024, prices rose 2.9% and $100 from 1993 had the buying
power of $217; the year's average CPI of 313.689 is the level
behind every 2024 figure on this page.
2024 brought inflation close to normal without fully reaching it. Consumer
prices rose 2.9% on average, the smallest yearly increase since 2020, and the
December-to-December rate was also 2.9%. Gasoline averaged $3.30 a gallon,
below 2023’s $3.52. Shelter stayed the biggest driver of the index, so the
pace of price growth in categories that households can’t easily avoid, such as
rent and insurance, lagged the drop in goods and energy costs.
The Federal Reserve declared progress in September, cutting its policy rate
by half a point, the first reduction since the pandemic emergency, and then
by a quarter point in November and again in December. Mortgage rates near 7%
kept the housing market frozen for many would-be buyers.
Median household income was $83,730, the federal minimum wage stayed at $7.25,
and a first-class stamp rose to 73 cents in July. After the November election,
attention turned to how announced tariffs and tax policy might affect prices
in 2025.
MLA: “Inflation from 1993 to 2024: $100 is worth $217 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1993-to-2024/
APA: InflationCalculator.com. Inflation from 1993 to 2024. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1993-to-2024/