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Value of 1993 US Dollars today

$900 in 1993
$1,938.06 in 2024

The inflation rate in the United States between 1993 and today has been 115.34%, which translates into a total increase of $1,038.06. This means that 900 dollars in 1993 are equivalent to 1,938.06 dollars in 2022. In other words, the purchasing power of $900 in 1993 equals $1,938.06 today. The average annual inflation rate between these periods has been 2.59%.

Inflation timeline in the United States (1993 - 2024)

The following chart depicts the equivalence of $900 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 1993-2022 102.59%
Cumulative inflation 1993-today 115.34%
Avg. Annual inflation 1993-2022 2.46%
CPI 1993 60.95
CPI 2022 123.47
CPI 2024-02 (latest official data) 130.93
CPI today 131.25

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 1993 and 2022, use the corresponding CPI values:

Value2022
=Value1993 ×
CPI2022/CPI1993
=$ 900 ×
123.47/60.95
$1,823.29

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 131.25:

Valuetoday
=Value1993 ×
CPItoday/CPI1993
=$ 900 ×
131.25/60.95
$1,938.06

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 $900 worth today. There are 29 years between 1993 and 2022 and the average inflation rate was 2.4644%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=$900 × (1 + 0.024644)29
$1,823.29

US inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1993 $2.03 dollars in 2022
$5 dollars in 1993 $10.13 dollars in 2022
$10 dollars in 1993 $20.26 dollars in 2022
$50 dollars in 1993 $101.29 dollars in 2022
$100 dollars in 1993 $202.59 dollars in 2022
$500 dollars in 1993 $1,012.94 dollars in 2022
$1,000 dollars in 1993 $2,025.88 dollars in 2022
$5,000 dollars in 1993 $10,129.39 dollars in 2022
$10,000 dollars in 1993 $20,258.77 dollars in 2022
$50,000 dollars in 1993 $101,293.86 dollars in 2022
$100,000 dollars in 1993 $202,587.73 dollars in 2022
$500,000 dollars in 1993 $1,012,938.63 dollars in 2022
$1,000,000 dollars in 1993 $2,025,877.25 dollars in 2022
Cumulative inflation From 1993 115.34%
Avg. annual inflation From 1993 2.59%
CPI 1993 60.95
CPI today 131.25

Value of Dollar over time (by year)

Period Value
1993 900
1994 923.47
1995 949.37
1996 977.2
1997 1,000.05
1998 1,015.57
1999 1,037.79
2000 1,072.84
2001 1,103.16
2002 1,120.65
2003 1,146.09
2004 1,176.78
2005 1,216.7
2006 1,255.95
2007 1,291.78
2008 1,341.37
2009 1,336.6
2010 1,358.52
2011 1,401.41
2012 1,430.41
2013 1,451.36
2014 1,474.91
2015 1,476.66
2016 1,495.29
2017 1,527.14
2018 1,564.44
2019 1,592.79
2020 1,612.44
2021 1,688.19
2022 1,823.29
2024-02 1,933.38
Today 1,938.06

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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