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Value of 1996 US Dollars today

$100 in 1996
$190.19 in 2023

The inflation rate in the United States between 1996 and today has been 90.19%, which translates into a total increase of $90.19. This means that 100 dollars in 1996 are equivalent to 190.19 dollars in 2023. In other words, the purchasing power of $100 in 1996 equals $190.19 today. The average annual inflation rate between these periods has been 2.41%.

Inflation timeline in the United States (1996 - 2023)

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 1996-2022 86.58%
Cumulative inflation 1996-today 90.19%
Avg. Annual inflation 1996-2022 2.43%
CPI 1996 66.18
CPI 2022 123.47
CPI 2022-12 (latest official data) 125.22
CPI today 125.86

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 1996 and 2022, use the corresponding CPI values:

Value2022
=Value1996 ×
CPI2022/CPI1996
=$ 100 ×
123.47/66.18
$186.58

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 125.86:

Valuetoday
=Value1996 ×
CPItoday/CPI1996
=$ 100 ×
125.86/66.18
$190.19

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 26 years between 1996 and 2022 and the average inflation rate was 2.4279%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=$100 × (1 + 0.024279)26
$186.58

US inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1996 $1.87 dollars in 2022
$5 dollars in 1996 $9.33 dollars in 2022
$10 dollars in 1996 $18.66 dollars in 2022
$50 dollars in 1996 $93.29 dollars in 2022
$100 dollars in 1996 $186.58 dollars in 2022
$500 dollars in 1996 $932.91 dollars in 2022
$1,000 dollars in 1996 $1,865.83 dollars in 2022
$5,000 dollars in 1996 $9,329.13 dollars in 2022
$10,000 dollars in 1996 $18,658.26 dollars in 2022
$50,000 dollars in 1996 $93,291.31 dollars in 2022
$100,000 dollars in 1996 $186,582.62 dollars in 2022
$500,000 dollars in 1996 $932,913.08 dollars in 2022
$1,000,000 dollars in 1996 $1,865,826.17 dollars in 2022
Cumulative inflation From 1996 90.19%
Avg. annual inflation From 1996 2.41%
CPI 1996 66.18
CPI today 125.86

Value of Dollar over time (by year)

Period Value
1996 100
1997 102.34
1998 103.93
1999 106.2
2000 109.79
2001 112.89
2002 114.68
2003 117.28
2004 120.42
2005 124.51
2006 128.53
2007 132.19
2008 137.27
2009 136.78
2010 139.02
2011 143.41
2012 146.38
2013 148.52
2014 150.93
2015 151.11
2016 153.02
2017 156.28
2018 160.09
2019 162.99
2020 165.01
2021 172.76
2022 186.58
2022-12 189.22
Today 190.19

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 |

Other currencies: