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Value of 1992 US Dollars today

$100 in 1992
$221.51 in 2024

The inflation rate in the United States between 1992 and today has been 121.51%, which translates into a total increase of $121.51. This means that 100 dollars in 1992 are equivalent to 221.51 dollars in 2024. In other words, the purchasing power of $100 in 1992 equals $221.51 today. The average annual inflation rate between these periods has been 2.52%.

Inflation timeline in the United States (1992 - 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 1992-2023 117.15%
Cumulative inflation 1992-today 121.51%
Avg. Annual inflation 1992-2023 2.53%
CPI 1992 59.2
CPI 2023 128.56
CPI 2024-02 (latest official data) 130.93
CPI today 131.13

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 1992 and 2023, use the corresponding CPI values:

Value2023
=Value1992 ×
CPI2023/CPI1992
=$ 100 ×
128.56/59.2
$217.15

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 131.13:

Valuetoday
=Value1992 ×
CPItoday/CPI1992
=$ 100 ×
131.13/59.2
$221.51

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 31 years between 1992 and 2023 and the average inflation rate was 2.5329%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.025329)31
$217.15

US inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1992 $2.17 dollars in 2023
$5 dollars in 1992 $10.86 dollars in 2023
$10 dollars in 1992 $21.72 dollars in 2023
$50 dollars in 1992 $108.58 dollars in 2023
$100 dollars in 1992 $217.15 dollars in 2023
$500 dollars in 1992 $1,085.76 dollars in 2023
$1,000 dollars in 1992 $2,171.53 dollars in 2023
$5,000 dollars in 1992 $10,857.64 dollars in 2023
$10,000 dollars in 1992 $21,715.29 dollars in 2023
$50,000 dollars in 1992 $108,576.45 dollars in 2023
$100,000 dollars in 1992 $217,152.89 dollars in 2023
$500,000 dollars in 1992 $1,085,764.45 dollars in 2023
$1,000,000 dollars in 1992 $2,171,528.91 dollars in 2023
Cumulative inflation From 1992 121.51%
Avg. annual inflation From 1992 2.52%
CPI 1992 59.2
CPI today 131.13

Value of Dollar over time (by year)

Period Value
1992 100
1993 102.95
1994 105.64
1995 108.6
1996 111.78
1997 114.4
1998 116.17
1999 118.71
2000 122.72
2001 126.19
2002 128.19
2003 131.1
2004 134.61
2005 139.18
2006 143.67
2007 147.77
2008 153.44
2009 152.89
2010 155.4
2011 160.31
2012 163.63
2013 166.02
2014 168.72
2015 168.92
2016 171.05
2017 174.69
2018 178.96
2019 182.2
2020 184.45
2021 193.11
2022 208.57
2023 217.15
2024-02 221.16
Today 221.51

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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