Between 1994 and 1997, the Consumer Price Index went from 148.2 to 160.5.
Cumulatively, prices increased 8.3%, which works out to an average of
2.69% per year. Put differently, a dollar in 1994 bought what
$0.92 buys in 1997.
Common amounts: 1994 dollars in 1997
Amount in 1994
Value in 1997
$1.00
$1.08
$5.00
$5.41
$10.00
$10.83
$20.00
$21.66
$50.00
$54.15
$100
$108
$500
$541
$1,000
$1,083
$5,000
$5,415
$10,000
$10,830
$100,000
$108,300
$1,000,000
$1,082,996
Inflation by spending category, 1994–1997
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1994 spending costs in 1997, by category:
MLA: “Inflation from 1994 to 1997: $100 is worth $108 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1994-to-1997/
APA: InflationCalculator.com. Inflation from 1994 to 1997. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1994-to-1997/