Inflation & buying power
$1,000 in 2024 is worth how much today?
$1,000 in 2024 has the same buying power as about $1,068 today (May 2026). Prices have risen roughly 7% since 2024 — an average of about 3.4% a year.
What this means
$1,000 in 2024 — during the post-pandemic 2020s — stretched a lot further than it does now. To match that same buying power today you'd need about $1,068, because everyday prices have climbed about 7% in the 2 years since.
Put another way, today's dollar buys what about $0.94 bought in 2024.
The inflation behind the number
- Total inflation since 2024: about 7%.
- Average annual inflation: about 3.4% per year.
- Time span: 2 years (2024 → 2026).
- Source: CPI-U (CPIAUCNS), U.S. Bureau of Labor Statistics via FRED.
$1,000 in other years, worth today
| $1,000 in… | Worth today |
|---|---|
| 1950 | $13,925 |
| 1970 | $8,632 |
| 1980 | $4,067 |
| 1990 | $2,565 |
| 2000 | $1,946 |
| 2010 | $1,537 |
| 2020 | $1,295 |
| 2024 | $1,068 |
Frequently asked questions
$1,000 in 2024 is worth how much today?
$1,000 in 2024 has the same buying power as about $1,068 in May 2026. That reflects roughly 7% total inflation since 2024.
Why is $1,000 from 2024 worth more today?
Prices have risen over time (inflation), so it takes more dollars now to buy what $1,000 bought in 2024. The increase averages about 3.4% per year over 2 years.
How is this calculated?
We multiply the original amount by the ratio of today's Consumer Price Index (CPI-U) to the CPI in the original year, using official data from the U.S. Bureau of Labor Statistics via FRED.