# 1991 Inflation Calculator

Amount in 1991:

RESULT: \$1 in 1991 is worth \$2.18 today.

You might be interested in calculating the value of \$1 for the year 1996. Or calculate the value of \$1 for the year 2001

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# \$1 in 1991 is worth \$2.18 today.

## The value of \$1 from 1991 to 2022

\$1 in 1991 has the purchasing power of about \$2.18 today, a \$1.18 increase in 31 years. Between 1991 and today, the dollar experienced an average annual inflation rate of 2.54%, resulting in a cumulative price increase of 117.53%.

According to the Bureau of Labor Statistics consumer price index, today's prices are several times higher than the average price since 1991.

In 1991, the inflation rate was 13.55%. Inflation is now 4.23% higher than it was last year. If this figure holds true, \$1 today will be worth \$5.23 next year in purchasing power.

## Inflation from 1991 to 2022

Summary Value
Cumulative price change (from 1991 to today) 117.53%
Average inflation rate (from 1991 to today) 2.54%
Converted amount \$2.18
Price Difference \$1.18
CPI in 1991 136.2
CPI in 2022 296.276
Inflation in 1991 13.55%
Inflation in 2022 4.23%
\$1 in 1991 \$2.18 in 2022

## Buying power of \$1 in 1991

If you had \$1 in your hand in 1991, its adjusted value for inflation today would be \$2.18. Put another way, you would need \$2.18 to beat the rising inflation. When \$1 becomes equivalent to \$2.18 over time, the "real value" of a single US dollar decreases. In other words, a dollar will pay for fewer items at the store.

This effect explains how inflation gradually erodes the value of a dollar. By calculating the value in 1991 dollars, it's evident how \$1 loses its worth over 31 years.

## Dollar inflation for \$1 from 1991 to 2022

The below tabular column shows the effect of inflation on \$1 in the year 1991 to the year 1991.

Year Dollar Value Inflation Rate
1991 1 13.55%
1992 1.03 3.01%
1993 1.06 2.99%
1994 1.09 2.56%
1995 1.12 2.83%
1996 1.15 2.95%
1997 1.18 2.29%
1998 1.2 1.56%
1999 1.22 2.21%
2000 1.26 3.36%
2001 1.3 2.85%
2002 1.32 1.58%
2003 1.35 2.28%
2004 1.39 2.66%
2005 1.43 3.39%
2006 1.48 3.23%
2007 1.52 2.85%
2008 1.58 3.84%
2009 1.58 -0.36%
2010 1.6 1.64%
2011 1.65 3.16%
2012 1.69 2.07%
2013 1.71 1.46%
2014 1.74 1.62%
2015 1.74 0.12%
2016 1.76 1.26%
2017 1.8 2.13%
2018 1.84 2.49%
2019 1.88 1.76%
2020 1.9 1.23%
2021 1.99 4.70%
2022 2.18 8.52%

## Conversion of 1991 dollars to today's price

Based on the 117.53% change in prices, the following 1991 amounts are shown in today's dollars:

Initial value Today value
\$1 dollar in 1991 \$2.18 dollars today
\$5 dollars in 1991 \$10.88 dollars today
\$10 dollars in 1991 \$21.75 dollars today
\$50 dollars in 1991 \$108.77 dollars today
\$100 dollars in 1991 \$217.53 dollars today
\$500 dollars in 1991 \$1087.65 dollars today
\$1,000 dollars in 1991 \$2175.3 dollars today
\$5,000 dollars in 1991 \$10876.51 dollars today
\$10,000 dollars in 1991 \$21753.01 dollars today
\$50,000 dollars in 1991 \$108765.05 dollars today
\$100,000 dollars in 1991 \$217530.1 dollars today
\$500,000 dollars in 1991 \$1087650.51 dollars today
\$1,000,000 dollars in 1991 \$2175301.03 dollars today

## How to calculate the inflated value of \$1 in 1991

To calculate the change in value between 1991 and today, we use the following inflation rate formula:

CPI Today / CPI in 1991 x USD Value in 1991 = Current USD Value

By plugging the values into the formula above, we get:

296.276/ 136.2 x \$1 = \$2.18

To buy the same product that you could buy for \$1 in 1991, you would need \$2.18 in 2022.

### To calculate the cumulative or total inflation rate in the past 31 years between 1991 and 2022, we use the following formula:

CPI in 2022 - CPI in 1991 / CPI in 1991 x 100 = Cumulative Inflation Rate

By inserting the values to this equation, we get:

( 296.276 - 136.2 / 136.2) x 100 = 117.53%

### Alternate method to calculate today's value of money after inflation - Using compound interest formula

Given that money changes over time due to inflation, which acts as compound interest, we can use the following formula:

FV = PV (1+i/100)^n

where,

• FV = Future value
• PV = Present value
• i: Average interest rate (inflation)
• n: Number of times the interest is compounded (i.e. # of years)

The future value in this case represents the amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much \$1 is worth today. We have 31 years between 2022 and 1991. The average inflation rate was 2.5386797802141%.

Plugging in the values into the formula, we get:

1 (1+ % 2.54/ 100 ) ^ 31 = \$2.18