According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 2.35% per year. Prices in 2017 are 87.3% higher than prices in 1990.
In other words, $1,000 in the year 1990 is equivalent in purchasing power to $1,872.88 in 2017, a difference of $872.88 over 27 years.
The inflation rate in 2017 was 1.99%.
|Cumulative price change||87.29%|
|Average inflation rate||2.35%|
|Price difference ($1,000 base)||$872.88|
|CPI in 1990||130.7|
|CPI in 2017||244.786|
Politics and news often influence economic performance. Here's what was happening at the time:
Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. Inflation data from 1665 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University.
You may use the following MLA citation for this page: “$1,000 in 1990 → 2017 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 18 May. 2018, https://www.officialdata.org/1990-dollars-in-2017?amount=1000.