Between 1994 and 2004, the Consumer Price Index went from 148.2 to 188.9.
Cumulatively, prices increased 27.5%, which works out to an average of
2.46% per year. Put differently, a dollar in 1994 bought what
$0.78 buys in 2004.
Common amounts: 1994 dollars in 2004
Amount in 1994
Value in 2004
$1.00
$1.27
$5.00
$6.37
$10.00
$12.75
$20.00
$25.49
$50.00
$63.73
$100
$127
$500
$637
$1,000
$1,275
$5,000
$6,373
$10,000
$12,746
$100,000
$127,463
$1,000,000
$1,274,629
Inflation by spending category, 1994–2004
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1994 spending costs in 2004, by category:
MLA: “Inflation from 1994 to 2004: $100 is worth $127 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1994-to-2004/
APA: InflationCalculator.com. Inflation from 1994 to 2004. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1994-to-2004/