# $23,269 in 1978 is worth$58,172.50 in 1998

$23,269 in 1978 has the same purchasing power as$58,172.50 in 1998. Over the 20 years this is a change of $34,903.50. The average inflation rate of the dollar between 1978 and 1998 was 4.87% per year. The cumulative price increase of the dollar over this time was 150.00%. ## The value of$23,269 from 1978 to 1998

So what does this data mean? It means that the prices in 1998 are 581.73 higher than the average prices since 1978. A dollar in 1998 can buy 40.00% of what it could buy in 1978.

We can look at the buying power equivalent for $23,269 in 1978 to see how much you would need to adjust for in order to beat inflation. For 1978 to 1998, if you started with$23,269 in 1978, you would need to have $58,172.50 in 1978 to keep up with inflation rates. So if we are saying that$23,269 is equivalent to $58,172.50 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 20 years. ## Value of$23,269 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
1978 $23,269.00 7.59% 1979$25,909.96 11.35%
1980 $29,407.45 13.50% 1981$32,440.98 10.32%
1982 $34,439.55 6.16% 1983$35,545.90 3.21%
1984 $37,080.51 4.32% 1985$38,400.99 3.56%
1986 $39,114.76 1.86% 1987$40,542.31 3.65%
1988 $42,219.67 4.14% 1989$44,253.93 4.82%
1990 $46,645.07 5.40% 1991$48,607.94 4.21%
1992 $50,071.18 3.01% 1993$51,570.10 2.99%
1994 $52,890.58 2.56% 1995$54,389.50 2.83%
1996 $55,995.49 2.95% 1997$57,280.28 2.29%