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Value of 1989 US Dollars today

$100 in 1989
$234.48 in 2022

The inflation rate in the United States between 1989 and today has been 134.48%, which translates into a total increase of $134.48. This means that 100 dollars in 1989 are equivalent to 234.48 dollars in 2022. In other words, the purchasing power of $100 in 1989 equals $234.48 today. The average annual inflation rate between these periods has been 2.62%.

Inflation timeline in the United States (1989 - 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 1989-2021 118.58%
Cumulative inflation 1989-today 134.48%
Avg. Annual inflation 1989-2021 2.47%
CPI 1989 52.3
CPI 2021 114.33
CPI 2022-04 (latest official data) 121.98
CPI today 122.64

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 1989 and 2021, use the corresponding CPI values:

Value2021
=Value1989 ×
CPI2021/CPI1989
=$ 100 ×
114.33/52.3
$218.58

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 122.64:

Valuetoday
=Value1989 ×
CPItoday/CPI1989
=$ 100 ×
122.64/52.3
$234.48

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 32 years between 1989 and 2021 and the average inflation rate was 2.4738%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.024738)32
$218.58

US inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1989 $2.19 dollars in 2021
$5 dollars in 1989 $10.93 dollars in 2021
$10 dollars in 1989 $21.86 dollars in 2021
$50 dollars in 1989 $109.29 dollars in 2021
$100 dollars in 1989 $218.58 dollars in 2021
$500 dollars in 1989 $1,092.91 dollars in 2021
$1,000 dollars in 1989 $2,185.83 dollars in 2021
$5,000 dollars in 1989 $10,929.13 dollars in 2021
$10,000 dollars in 1989 $21,858.27 dollars in 2021
$50,000 dollars in 1989 $109,291.35 dollars in 2021
$100,000 dollars in 1989 $218,582.69 dollars in 2021
$500,000 dollars in 1989 $1,092,913.47 dollars in 2021
$1,000,000 dollars in 1989 $2,185,826.93 dollars in 2021
Cumulative inflation From 1989 134.48%
Avg. annual inflation From 1989 2.62%
CPI 1989 52.3
CPI today 122.64

Value of Dollar over time (by year)

Period Value
1989 100
1990 105.4
1991 109.86
1992 113.19
1993 116.53
1994 119.57
1995 122.92
1996 126.53
1997 129.48
1998 131.49
1999 134.37
2000 138.91
2001 142.83
2002 145.1
2003 148.39
2004 152.37
2005 157.54
2006 162.62
2007 167.26
2008 173.68
2009 173.06
2010 175.9
2011 181.45
2012 185.21
2013 187.92
2014 190.97
2015 191.19
2016 193.61
2017 197.73
2018 202.56
2019 206.23
2020 208.77
2021 218.58
2022-04 233.22
Today 234.48

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: