What is the value of $40 USD in July 1992 compared with today (2005)?

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Request for Question Clarification by omnivorous-ga on 26 Sep 2005 07:42 PDT

Ted40 --

There are 2 different dates in this question -- 1992 and 1922.  For
which date would you like the comparison?  It may be impossible to do
July of 1922 but monthly inflation data is available for 1992.

Best regards,

Omnivorous-GA

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Clarification of Question by ted40-ga on 26 Sep 2005 14:45 PDT

Sorry about that - I am looking for 1922 when my great grandmother
entered Ellis Island with $40.00 and I wanted to know the approximate
value of that today.

Ted40,

According to the calculator at the Federal Reserve Bank of
Minneapolis, $40.00 in 1922 would be equivalent to $463.33 in 2005.
Calculatorhttp://www.minneapolisfed.org/Research/data/us/calc/

Directions: 
Enter years as 4 digits (i.e. 1913) through 2005. 
Enter dollar amount without commas or $ sign in box on first line. 
Click Calculate button to compute dollar amount shown on second line.

http://www.minneapolisfed.org/Research/data/us/calc/


Another inflation calculator can be found at the Bureau of Labor Statistics:
http://www.bls.gov/cpi/


Search criteria:
What is a dollar worth?


I hope this helps!

Best regards,
Bobbie7

Excellent - thanks!