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Value of 1954 US Dollars today

$100 in 1954
$1,171.81 in 2024

The inflation rate in the United States between 1954 and today has been 1,071.81%, which translates into a total increase of $1,071.81. This means that 100 dollars in 1954 are equivalent to 1,171.81 dollars in 2024. In other words, the purchasing power of $100 in 1954 equals $1,171.81 today. The average annual inflation rate between these periods has been 3.58%.

Inflation timeline in the United States (1954 - 2024)

The following chart depicts the equivalence of $100 due to compound inflation and CPI changes. All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (USD) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1954-2023 1,034.83%
Cumulative inflation 1954-today 1,071.81%
Avg. Annual inflation 1954-2023 3.58%
CPI 1954 26.85
CPI 2023 304.7
CPI 2024-05 (latest official data) 314.07
CPI today 314.63

How to calculate today's value of money after inflation?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 1954 and 2023, use the corresponding CPI values:

Value2023
=Value1954 ×
CPI2023/CPI1954
=$ 100 ×
304.7/26.85
$1,134.83

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 314.63:

Valuetoday
=Value1954 ×
CPItoday/CPI1954
=$ 100 ×
314.63/26.85
$1,171.81

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: FV = PV × (1 + i)n, where:

  • FV: Future Value
  • PV: Present Value
  • i: Interest rate (inflation)
  • n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are $100 worth today. There are 69 years between 1954 and 2023 and the average inflation rate was 3.5831%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.035831)69
$1,134.83

US inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1954 $11.35 dollars in 2023
$5 dollars in 1954 $56.74 dollars in 2023
$10 dollars in 1954 $113.48 dollars in 2023
$50 dollars in 1954 $567.41 dollars in 2023
$100 dollars in 1954 $1,134.83 dollars in 2023
$500 dollars in 1954 $5,674.14 dollars in 2023
$1,000 dollars in 1954 $11,348.29 dollars in 2023
$5,000 dollars in 1954 $56,741.45 dollars in 2023
$10,000 dollars in 1954 $113,482.9 dollars in 2023
$50,000 dollars in 1954 $567,414.49 dollars in 2023
$100,000 dollars in 1954 $1,134,828.99 dollars in 2023
$500,000 dollars in 1954 $5,674,144.94 dollars in 2023
$1,000,000 dollars in 1954 $11,348,289.88 dollars in 2023
Cumulative inflation From 1954 1,071.81%
Avg. annual inflation From 1954 3.58%
CPI 1954 26.85
CPI today 314.63

Value of Dollar over time (by year)

Period Value
1954 100
1955 99.72
1956 101.24
1957 104.62
1958 107.48
1959 108.57
1960 110.15
1961 111.33
1962 112.66
1963 114.06
1964 115.52
1965 117.35
1966 120.89
1967 124.24
1968 129.55
1969 136.62
1970 144.6
1971 150.81
1972 155.74
1973 165.36
1974 183.64
1975 200.43
1976 211.95
1977 225.73
1978 242.95
1979 270.3
1980 306.92
1981 338.64
1982 359.4
1983 370.95
1984 386.9
1985 400.62
1986 408.22
1987 423.18
1988 440.44
1989 461.7
1990 486.62
1991 507.23
1992 522.59
1993 538.02
1994 552.05
1995 567.54
1996 584.17
1997 597.83
1998 607.11
1999 620.39
2000 641.34
2001 659.47
2002 669.93
2003 685.13
2004 703.48
2005 727.34
2006 750.81
2007 772.23
2008 801.87
2009 799.02
2010 812.12
2011 837.76
2012 855.1
2013 867.62
2014 881.7
2015 882.74
2016 893.88
2017 912.92
2018 935.22
2019 952.17
2020 963.91
2021 1,009.2
2022 1,089.96
2023 1,134.83
2024-05 1,169.72
Today 1,171.81

All available years

Today's value of US dollars by year:

1913 | 1914 | 1915 | 1916 | 1917 | 1918 | 1919 | 1920 | 1921 | 1922 | 1923 | 1924 | 1925 | 1926 | 1927 | 1928 | 1929 | 1930 | 1931 | 1932 | 1933 | 1934 | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |

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