$1,430 in 1953 is worth$6,084.19 in 1987

$1,430 in 1953 has the same purchasing power as$6,084.19 in 1987. Over the 34 years this is a change of $4,654.19. The average inflation rate of the dollar between 1953 and 1987 was 4.30% per year. The cumulative price increase of the dollar over this time was 325.47%. The value of$1,430 from 1953 to 1987

So what does this data mean? It means that the prices in 1987 are 60.84 higher than the average prices since 1953. A dollar in 1987 can buy 23.50% of what it could buy in 1953.

We can look at the buying power equivalent for $1,430 in 1953 to see how much you would need to adjust for in order to beat inflation. For 1953 to 1987, if you started with$1,430 in 1953, you would need to have $6,084.19 in 1953 to keep up with inflation rates. So if we are saying that$1,430 is equivalent to $6,084.19 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 34 years. Value of$1,430 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
1953 $1,430.00 0.75% 1954$1,440.71 0.75%
1955 $1,435.36 -0.37% 1956$1,456.78 1.49%
1957 $1,504.98 3.31% 1958$1,547.83 2.85%
1959 $1,558.54 0.69% 1960$1,585.32 1.72%
1961 $1,601.39 1.01% 1962$1,617.45 1.00%
1963 $1,638.88 1.32% 1964$1,660.30 1.31%
1965 $1,687.08 1.61% 1966$1,735.28 2.86%
1967 $1,788.84 3.09% 1968$1,863.82 4.19%
1969 $1,965.58 5.46% 1970$2,078.05 5.72%
1971 $2,169.10 4.38% 1972$2,238.73 3.21%
1973 $2,377.98 6.22% 1974$2,640.41 11.04%
1975 $2,881.42 9.13% 1976$3,047.45 5.76%
1977 $3,245.62 6.50% 1978$3,491.99 7.59%
1979 $3,888.31 11.35% 1980$4,413.18 13.50%
1981 $4,868.43 10.32% 1982$5,168.35 6.16%
1983 $5,334.38 3.21% 1984$5,564.68 4.32%
1985 $5,762.85 3.56% 1986$5,869.96 1.86%