# $7,509 in 1992 is worth$9,628.43 in 2002

$7,509 in 1992 has the same purchasing power as$9,628.43 in 2002. Over the 10 years this is a change of $2,119.43. The average inflation rate of the dollar between 1992 and 2002 was 2.56% per year. The cumulative price increase of the dollar over this time was 28.23%. ## The value of$7,509 from 1992 to 2002

So what does this data mean? It means that the prices in 2002 are 96.28 higher than the average prices since 1992. A dollar in 2002 can buy 77.99% of what it could buy in 1992.

We can look at the buying power equivalent for $7,509 in 1992 to see how much you would need to adjust for in order to beat inflation. For 1992 to 2002, if you started with$7,509 in 1992, you would need to have $9,628.43 in 1992 to keep up with inflation rates. So if we are saying that$7,509 is equivalent to $9,628.43 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 10 years. ## Value of$7,509 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
1992 $7,509.00 3.01% 1993$7,733.79 2.99%
1994 $7,931.82 2.56% 1995$8,156.60 2.83%
1996 $8,397.45 2.95% 1997$8,590.12 2.29%
1998 $8,723.93 1.56% 1999$8,916.60 2.21%
2000 $9,216.32 3.36% 2001$9,478.57 2.85%