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Value of 1991 US Dollars today

$170,000 in 1991
$384,229.09 in 2024

The inflation rate in the United States between 1991 and today has been 126.02%, which translates into a total increase of $214,229.09. This means that 170,000 dollars in 1991 are equivalent to 384,229.09 dollars in 2022. In other words, the purchasing power of $170,000 in 1991 equals $384,229.09 today. The average annual inflation rate between these periods has been 2.58%.

Inflation timeline in the United States (1991 - 2024)

The following chart depicts the equivalence of $170,000 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 1991-2022 114.88%
Cumulative inflation 1991-today 126.02%
Avg. Annual inflation 1991-2022 2.5%
CPI 1991 57.46
CPI 2022 123.47
CPI 2023-12 (latest official data) 129.42
CPI today 129.87

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 1991 and 2022, use the corresponding CPI values:

Value2022
=Value1991 ×
CPI2022/CPI1991
=$ 170,000 ×
123.47/57.46
$365,303.71

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 129.87:

Valuetoday
=Value1991 ×
CPItoday/CPI1991
=$ 170,000 ×
129.87/57.46
$384,229.09

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 $170,000 worth today. There are 31 years between 1991 and 2022 and the average inflation rate was 2.4982%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=$170,000 × (1 + 0.024982)31
$365,303.71

US inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1991 $2.15 dollars in 2022
$5 dollars in 1991 $10.74 dollars in 2022
$10 dollars in 1991 $21.49 dollars in 2022
$50 dollars in 1991 $107.44 dollars in 2022
$100 dollars in 1991 $214.88 dollars in 2022
$500 dollars in 1991 $1,074.42 dollars in 2022
$1,000 dollars in 1991 $2,148.85 dollars in 2022
$5,000 dollars in 1991 $10,744.23 dollars in 2022
$10,000 dollars in 1991 $21,488.45 dollars in 2022
$50,000 dollars in 1991 $107,442.27 dollars in 2022
$100,000 dollars in 1991 $214,884.53 dollars in 2022
$500,000 dollars in 1991 $1,074,422.67 dollars in 2022
$1,000,000 dollars in 1991 $2,148,845.33 dollars in 2022
Cumulative inflation From 1991 126.02%
Avg. annual inflation From 1991 2.58%
CPI 1991 57.46
CPI today 129.87

Value of Dollar over time (by year)

Period Value
1991 170,000
1992 175,148.99
1993 180,318.78
1994 185,020.49
1995 190,211.08
1996 195,786.57
1997 200,363.44
1998 203,473.66
1999 207,925.71
2000 214,947.07
2001 221,021.82
2002 224,527.3
2003 229,624.28
2004 235,771.87
2005 243,771.03
2006 251,634.92
2007 258,813.27
2008 268,749.35
2009 267,793.83
2010 272,185.76
2011 280,778.26
2012 286,588.48
2013 290,786.53
2014 295,503.75
2015 295,854.28
2016 299,586.78
2017 305,968.36
2018 313,441.63
2019 319,122.04
2020 323,058.67
2021 338,235.41
2022 365,303.71
2023-12 382,892.84
Today 384,229.09

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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