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Value of 1968 US Dollars today

$100 in 1968
$907.26 in 2024

The inflation rate in the United States between 1968 and today has been 807.26%, which translates into a total increase of $807.26. This means that 100 dollars in 1968 are equivalent to 907.26 dollars in 2024. In other words, the purchasing power of $100 in 1968 equals $907.26 today. The average annual inflation rate between these periods has been 4.02%.

Inflation timeline in the United States (1968 - 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 1968-2023 776%
Cumulative inflation 1968-today 807.26%
Avg. Annual inflation 1968-2023 4.02%
CPI 1968 34.78
CPI 2023 304.7
CPI 2024-09 (latest official data) 315.3
CPI today 315.58

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 1968 and 2023, use the corresponding CPI values:

Value2023
=Value1968 ×
CPI2023/CPI1968
=$ 100 ×
304.7/34.78
$876

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 315.58:

Valuetoday
=Value1968 ×
CPItoday/CPI1968
=$ 100 ×
315.58/34.78
$907.26

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 55 years between 1968 and 2023 and the average inflation rate was 4.0247%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.040247)55
$876

US inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1968 $8.76 dollars in 2023
$5 dollars in 1968 $43.8 dollars in 2023
$10 dollars in 1968 $87.6 dollars in 2023
$50 dollars in 1968 $438 dollars in 2023
$100 dollars in 1968 $876 dollars in 2023
$500 dollars in 1968 $4,379.99 dollars in 2023
$1,000 dollars in 1968 $8,759.99 dollars in 2023
$5,000 dollars in 1968 $43,799.94 dollars in 2023
$10,000 dollars in 1968 $87,599.88 dollars in 2023
$50,000 dollars in 1968 $437,999.4 dollars in 2023
$100,000 dollars in 1968 $875,998.8 dollars in 2023
$500,000 dollars in 1968 $4,379,994.01 dollars in 2023
$1,000,000 dollars in 1968 $8,759,988.02 dollars in 2023
Cumulative inflation From 1968 807.26%
Avg. annual inflation From 1968 4.02%
CPI 1968 34.78
CPI today 315.58

Value of Dollar over time (by year)

Period Value
1968 100
1969 105.46
1970 111.62
1971 116.41
1972 120.22
1973 127.65
1974 141.76
1975 154.72
1976 163.61
1977 174.25
1978 187.54
1979 208.65
1980 236.92
1981 261.4
1982 277.43
1983 286.34
1984 298.66
1985 309.25
1986 315.12
1987 326.67
1988 339.99
1989 356.4
1990 375.63
1991 391.54
1992 403.4
1993 415.31
1994 426.14
1995 438.09
1996 450.93
1997 461.48
1998 468.64
1999 478.89
2000 495.06
2001 509.06
2002 517.13
2003 528.87
2004 543.03
2005 561.45
2006 579.56
2007 596.1
2008 618.98
2009 616.78
2010 626.9
2011 646.69
2012 660.07
2013 669.74
2014 680.6
2015 681.41
2016 690.01
2017 704.7
2018 721.92
2019 735
2020 744.07
2021 779.02
2022 841.37
2023 876
2024-09 906.47
Today 907.26

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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