The measure used in this calculator is the Consumer Price Index (CPI). Other comparison series might be preferable, depending on the context of the question.
For more choices consult
To determine the value of an amount of money in a particular ("original") year compared to another ("desired") year, enter the values in the appropriate places below. For example, you may want to know: How much money would you need in the year 2007, to have the same "purchasing power" of $500 in year 1970. If you entered these values in the correct places, you will find that the answer is $2,669.18.
You can make this computation among all the years between 1774 and 2007.
Lawrence H. Officer and Samuel H. Williamson, "Purchasing Power of Money in the United States from 1774 to 2007", MeasuringWorth, 2008.
Please read our Note on Data Revisions.
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