Between 1994 and 1996, the Consumer Price Index went from 148.2 to 156.9.
Cumulatively, prices increased 5.9%, which works out to an average of
2.89% per year. Put differently, a dollar in 1994 bought what
$0.94 buys in 1996.
Common amounts: 1994 dollars in 1996
Amount in 1994
Value in 1996
$1.00
$1.06
$5.00
$5.29
$10.00
$10.59
$20.00
$21.17
$50.00
$52.94
$100
$106
$500
$529
$1,000
$1,059
$5,000
$5,294
$10,000
$10,587
$100,000
$105,870
$1,000,000
$1,058,704
Inflation by spending category, 1994–1996
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1994 spending costs in 1996, by category:
MLA: “Inflation from 1994 to 1996: $100 is worth $106 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1994-to-1996/
APA: InflationCalculator.com. Inflation from 1994 to 1996. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1994-to-1996/