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Value of 1982 US Dollars today

$100 in 1982
$318.92 in 2024

The inflation rate in the United States between 1982 and today has been 218.92%, which translates into a total increase of $218.92. This means that 100 dollars in 1982 are equivalent to 318.92 dollars in 2024. In other words, the purchasing power of $100 in 1982 equals $318.92 today. The average annual inflation rate between these periods has been 2.8%.

Inflation timeline in the United States (1982 - 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 1982-2023 215.75%
Cumulative inflation 1982-today 218.92%
Avg. Annual inflation 1982-2023 2.84%
CPI 1982 40.71
CPI 2023 128.56
CPI 2023-12 (latest official data) 129.42
CPI today 129.85

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 1982 and 2023, use the corresponding CPI values:

Value2023
=Value1982 ×
CPI2023/CPI1982
=$ 100 ×
128.56/40.71
$315.75

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 129.85:

Valuetoday
=Value1982 ×
CPItoday/CPI1982
=$ 100 ×
129.85/40.71
$318.92

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 41 years between 1982 and 2023 and the average inflation rate was 2.8441%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.028441)41
$315.75

US inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1982 $3.16 dollars in 2023
$5 dollars in 1982 $15.79 dollars in 2023
$10 dollars in 1982 $31.58 dollars in 2023
$50 dollars in 1982 $157.88 dollars in 2023
$100 dollars in 1982 $315.75 dollars in 2023
$500 dollars in 1982 $1,578.77 dollars in 2023
$1,000 dollars in 1982 $3,157.53 dollars in 2023
$5,000 dollars in 1982 $15,787.65 dollars in 2023
$10,000 dollars in 1982 $31,575.31 dollars in 2023
$50,000 dollars in 1982 $157,876.53 dollars in 2023
$100,000 dollars in 1982 $315,753.06 dollars in 2023
$500,000 dollars in 1982 $1,578,765.29 dollars in 2023
$1,000,000 dollars in 1982 $3,157,530.58 dollars in 2023
Cumulative inflation From 1982 218.92%
Avg. annual inflation From 1982 2.8%
CPI 1982 40.71
CPI today 129.85

Value of Dollar over time (by year)

Period Value
1982 100
1983 103.21
1984 107.65
1985 111.47
1986 113.58
1987 117.75
1988 122.55
1989 128.46
1990 135.4
1991 141.13
1992 145.41
1993 149.7
1994 153.6
1995 157.91
1996 162.54
1997 166.34
1998 168.92
1999 172.62
2000 178.45
2001 183.49
2002 186.4
2003 190.63
2004 195.73
2005 202.37
2006 208.9
2007 214.86
2008 223.11
2009 222.32
2010 225.96
2011 233.1
2012 237.92
2013 241.41
2014 245.32
2015 245.61
2016 248.71
2017 254.01
2018 260.21
2019 264.93
2020 268.2
2021 280.8
2022 303.27
2023 315.75
2023-12 317.87
Today 318.92

All available years

Today's value of US dollars by year:

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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