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Value of 1987 US Dollars today

$100 in 1987
$255.48 in 2022

The inflation rate in the United States between 1987 and today has been 155.48%, which translates into a total increase of $155.48. This means that 100 dollars in 1987 are equivalent to 255.48 dollars in 2022. In other words, the purchasing power of $100 in 1987 equals $255.48 today. The average annual inflation rate between these periods has been 2.72%.

Inflation timeline in the United States (1987 - 2022)

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 1987-2021 138.48%
Cumulative inflation 1987-today 155.48%
Avg. Annual inflation 1987-2021 2.59%
CPI 1987 47.94
CPI 2021 114.33
CPI 2022-04 (latest official data) 121.98
CPI today 122.47

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 1987 and 2021, use the corresponding CPI values:

Value2021
=Value1987 ×
CPI2021/CPI1987
=$ 100 ×
114.33/47.94
$238.48

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 122.47:

Valuetoday
=Value1987 ×
CPItoday/CPI1987
=$ 100 ×
122.47/47.94
$255.48

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 34 years between 1987 and 2021 and the average inflation rate was 2.5891%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.025891)34
$238.48

US inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1987 $2.38 dollars in 2021
$5 dollars in 1987 $11.92 dollars in 2021
$10 dollars in 1987 $23.85 dollars in 2021
$50 dollars in 1987 $119.24 dollars in 2021
$100 dollars in 1987 $238.48 dollars in 2021
$500 dollars in 1987 $1,192.39 dollars in 2021
$1,000 dollars in 1987 $2,384.77 dollars in 2021
$5,000 dollars in 1987 $11,923.86 dollars in 2021
$10,000 dollars in 1987 $23,847.72 dollars in 2021
$50,000 dollars in 1987 $119,238.58 dollars in 2021
$100,000 dollars in 1987 $238,477.17 dollars in 2021
$500,000 dollars in 1987 $1,192,385.84 dollars in 2021
$1,000,000 dollars in 1987 $2,384,771.67 dollars in 2021
Cumulative inflation From 1987 155.48%
Avg. annual inflation From 1987 2.72%
CPI 1987 47.94
CPI today 122.47

Value of Dollar over time (by year)

Period Value
1987 100
1988 104.08
1989 109.1
1990 114.99
1991 119.86
1992 123.49
1993 127.14
1994 130.45
1995 134.11
1996 138.04
1997 141.27
1998 143.46
1999 146.6
2000 151.55
2001 155.83
2002 158.31
2003 161.9
2004 166.23
2005 171.87
2006 177.42
2007 182.48
2008 189.49
2009 188.81
2010 191.91
2011 197.97
2012 202.06
2013 205.02
2014 208.35
2015 208.6
2016 211.23
2017 215.73
2018 221
2019 225
2020 227.78
2021 238.48
2022-04 254.44
Today 255.48

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 |

Other currencies: