$29,096 in 1990 is worth$52,701.38 in 2014

$29,096 in 1990 has the same purchasing power as$52,701.38 in 2014. Over the 24 years this is a change of $23,605.38. The average inflation rate of the dollar between 1990 and 2014 was 2.63% per year. The cumulative price increase of the dollar over this time was 81.13%. The value of$29,096 from 1990 to 2014

So what does this data mean? It means that the prices in 2014 are 527.01 higher than the average prices since 1990. A dollar in 2014 can buy 55.21% of what it could buy in 1990.

We can look at the buying power equivalent for $29,096 in 1990 to see how much you would need to adjust for in order to beat inflation. For 1990 to 2014, if you started with$29,096 in 1990, you would need to have $52,701.38 in 1990 to keep up with inflation rates. So if we are saying that$29,096 is equivalent to $52,701.38 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 24 years. Value of$29,096 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
1990 $29,096.00 5.40% 1991$30,320.39 4.21%
1992 $31,233.12 3.01% 1993$32,168.11 2.99%
1994 $32,991.79 2.56% 1995$33,926.78 2.83%
1996 $34,928.56 2.95% 1997$35,729.98 2.29%
1998 $36,286.52 1.56% 1999$37,087.94 2.21%
2000 $38,334.59 3.36% 2001$39,425.41 2.85%
2002 $40,048.74 1.58% 2003$40,961.47 2.28%
2004 $42,052.29 2.66% 2005$43,477.04 3.39%
2006 $44,879.52 3.23% 2007$46,157.79 2.85%
2008 $47,930.04 3.84% 2009$47,759.51 -0.36%
2010 $48,542.90 1.64% 2011$50,075.17 3.16%
2012 $51,111.45 2.07% 2013$51,860.11 1.46%