# $8,277 in 1928 is worth$16,844.42 in 1968

$8,277 in 1928 has the same purchasing power as$16,844.42 in 1968. Over the 40 years this is a change of $8,567.42. The average inflation rate of the dollar between 1928 and 1968 was 1.80% per year. The cumulative price increase of the dollar over this time was 103.51%. ## The value of$8,277 from 1928 to 1968

So what does this data mean? It means that the prices in 1968 are 168.44 higher than the average prices since 1928. A dollar in 1968 can buy 49.14% of what it could buy in 1928.

We can look at the buying power equivalent for $8,277 in 1928 to see how much you would need to adjust for in order to beat inflation. For 1928 to 1968, if you started with$8,277 in 1928, you would need to have $16,844.42 in 1928 to keep up with inflation rates. So if we are saying that$8,277 is equivalent to $16,844.42 over time, you can see the core concept of inflation in action. The "real value" of a single dollar decreases over time. It will pay for fewer items at the store than it did previously. In the chart below you can see how the value of the dollar is worth less over 40 years. ## Value of$8,277 Over Time

In the table below we can see the value of the US Dollar over time. According to the BLS, each of these amounts are equivalent in terms of what that amount could purchase at the time.

Year Dollar Value Inflation Rate
1928 $8,277.00 -1.72% 1929$8,277.00 0.00%
1930 $8,083.39 -2.34% 1931$7,357.33 -8.98%
1932 $6,631.28 -9.87% 1933$6,292.46 -5.11%
1934 $6,486.07 3.08% 1935$6,631.28 2.24%
1936 $6,728.09 1.46% 1937$6,970.11 3.60%
1938 $6,824.89 -2.08% 1939$6,728.09 -1.42%
1940 $6,776.49 0.72% 1941$7,115.32 5.00%
1942 $7,889.77 10.88% 1943$8,373.81 6.13%
1944 $8,519.02 1.73% 1945$8,712.63 2.27%
1946 $9,438.68 8.33% 1947$10,793.98 14.36%
1948 $11,665.25 8.07% 1949$11,520.04 -1.24%
1950 $11,665.25 1.26% 1951$12,584.91 7.88%
1952 $12,826.93 1.92% 1953$12,923.74 0.75%
1954 $13,020.54 0.75% 1955$12,972.14 -0.37%
1956 $13,165.75 1.49% 1957$13,601.39 3.31%
1958 $13,988.61 2.85% 1959$14,085.42 0.69%
1960 $14,327.44 1.72% 1961$14,472.65 1.01%
1962 $14,617.86 1.00% 1963$14,811.47 1.32%
1964 $15,005.09 1.31% 1965$15,247.11 1.61%
1966 $15,682.74 2.86% 1967$16,166.77 3.09%