$268 in 1997 is worth $272.17 in 1998


$268 in 1997 has the same purchasing power as $272.17 in 1998. Over the 1 year this is a change of $4.17.

The average inflation rate of the dollar between 1997 and 1998 was 1.93% per year. The cumulative price increase of the dollar over this time was 1.56%.

The value of $268 from 1997 to 1998

So what does this data mean? It means that the prices in 1998 are 2.72 higher than the average prices since 1997. A dollar in 1998 can buy 98.47% of what it could buy in 1997.

These inflation figures use the Bureau of Labor Statistics (BLS) consumer price index to calculate the value of $268 between 1997 and 1998.

The inflation rate for 1997 was 2.29%, while the inflation rate for 1998 was 1.56%. The 1998 inflation rate is higher than the average inflation rate of -1.90% per year between 1998 and 2022.

USD Inflation Since 1913


The Buying Power of $268 in 1997

We can look at the buying power equivalent for $268 in 1997 to see how much you would need to adjust for in order to beat inflation. For 1997 to 1998, if you started with $268 in 1997, you would need to have $272.17 in 1997 to keep up with inflation rates.

So if we are saying that $268 is equivalent to $272.17 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.


Value of $268 Over Time


Year Dollar Value Inflation Rate
1997 $268.00 2.29%
1998 $272.17 1.56%

US Dollar Inflation Conversion


Initial Value Equivalent Value
$1.00 in 1997 $1.02 in 1998
$5.00 in 1997 $5.08 in 1998
$10.00 in 1997 $10.16 in 1998
$50.00 in 1997 $50.78 in 1998
$100.00 in 1997 $101.56 in 1998
$500.00 in 1997 $507.79 in 1998
$1,000.00 in 1997 $1,015.58 in 1998
$5,000.00 in 1997 $5,077.88 in 1998
$10,000.00 in 1997 $10,155.76 in 1998
$50,000.00 in 1997 $50,778.82 in 1998
$100,000.00 in 1997 $101,557.63 in 1998
$500,000.00 in 1997 $507,788.16 in 1998
$1,000,000.00 in 1997 $1,015,576.32 in 1998

Calculate Inflation Rate for $268 from 1997 to 1998

To calculate the inflation rate of $268 from 1997 to 1998, we use the following formula:

$$\dfrac{ 1997\; USD\; value \times CPI\; in\; 1998 }{ CPI\; in\; 1997 } = 1998\; USD\; value $$

We then replace the variables with the historical CPI values. The CPI in 1997 was 160.5 and 163 in 1998.

$$\dfrac{ \$268 \times 163 }{ 160.5 } = \text{ \$272.17 } $$


To work out the total inflation rate for the 1 year between 1997 and 1998, we can use a different formula:

$$ \dfrac{\text{CPI in 1998 } - \text{ CPI in 1997 } }{\text{CPI in 1997 }} \times 100 = \text{Cumulative rate for 1 year} $$


$$ \dfrac{\text{ 163 } - \text{ 160.5 } }{\text{ 160.5 }} \times 100 = \text{ 1.56\% } $$

Inflation Rate Definition



