$100 in 1984 is worth $166 in 2000,
because prices increased 65.7% over that period, an average of
3.21% a year.
$100 in 1984 has
the same buying power as
$166
in 2000
Detailed inflation statistics
Cumulative price change
65.7%
Average inflation rate
3.21% per year
Converted amount ($100 base)
$166
Price difference ($100 base)
$65.74
CPI in 1984
103.9
CPI in 2000
172.2
Inflation in 1984
4.32%
Inflation in 2000
3.36%
$100 in 1984 → 2000
$166
$100 in 2000 → 1984
$60.34
What happened to prices between 1984 and 2000
Between 1984 and 2000, the Consumer Price Index went from 103.9 to 172.2.
Cumulatively, prices increased 65.7%, which works out to an average of
3.21% per year. Put differently, a dollar in 1984 bought what
$0.60 buys in 2000: the 1984 dollar
lost 39.7% of its purchasing power over
these 16 years.
1984 was the year the recovery became a boom. Real GDP grew 7.2%, the
fastest calendar-year growth since 1951, as the tax cuts passed in 1981
combined with falling interest rates and rebuilding consumer confidence.
Unemployment, which had topped 10.8% just two years earlier, fell below
7.5%. Inflation ticked up to 4.3% from 3.2% the year before, but nothing
close to a return of the 1970s wage-price spiral: the Federal Reserve under
Paul Volcker kept policy tight enough to hold the line while growth ran hot.
The strength of the expansion, branded “Morning in America” in President
Reagan’s reelection campaign, carried him to a 49-state landslide over
Walter Mondale that November, at the time the widest electoral-vote margin
in U.S. history. For households, the numbers behind the slogan were
concrete: median income rose to about $22,400, and a gallon of gas cost
$1.13, roughly what it had cost three years earlier even as wages kept
climbing. The contrast with 1980, when 13.5% inflation and interest rates
near 20% had defined the economy, could not have been sharper.
Every 1984 amount converts to 2000 at the same ratio, 1.66: $1,000 becomes
$1,657, and $10,000 becomes $16,574.
Amount in 1984
Value in 2000
$1.00
$1.66
$5.00
$8.29
$10.00
$16.57
$20.00
$33.15
$50.00
$82.87
$100
$166
$500
$829
$1,000
$1,657
$5,000
$8,287
$10,000
$16,574
$100,000
$165,736
$1,000,000
$1,657,363
Inflation by spending category, 1984–2000
Between 1984 and 2000, medical care rose the most, up 144.2%, while energy rose the least, up 23.5%, against 65.7% for all items. The headline number is an average; here is what $100 of 1984
spending costs in 2000, by category:
Category
Avg. yearly inflation
$100 in 1984 →
All items (CPI-U)
3.21%
$166
Medical care
5.74%
$244
Core (all items less food & energy)
3.50%
$173
Housing
3.13%
$164
Food
3.08%
$163
Transportation
2.47%
$148
Apparel
1.50%
$127
Energy
1.33%
$123
Not shown because the BLS began these indexes after 1984: recreation (1993–), education & communication (1993–).
Decade by decade: 1984 to 2000
Prices climbed fastest in the 1980s, averaging 3.90% a year, and slowest in the 1990s (2.80% a year). Each step below chains into the full 1984–2000 change:
Years
Avg. yearly inflation
Price change
$100 from 1984, at end
1984–1990
3.90%
25.8%
$126
1990–2000
2.80%
31.8%
$166
Year by year: CPI and the value of $100 from 1984
$100 from 1984 had already become $135 by
1992, on its way to $166 in 2000; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 5.4% in 1990, and the smallest rise was 1.6% in 1998.
In 2000, prices rose 3.4% and $100 from 1984 had the buying
power of $166; the year's average CPI of 172.2 is the level
behind every 2000 figure on this page.
Inflation ran at 3.4% in 2000, the highest annual rate since 1991, as an economy growing
above 4% and a rise in oil prices pushed the CPI up. The median household earned about
$42,100, gas averaged $1.51 a gallon, and a new home cost roughly $169,000. The Federal
Reserve had raised interest rates six times since mid-1999 and stopped at 6.5% in May. By
then the stock market had already turned: the Nasdaq hit its record of 5,048 on March 10 and
lost about 39% of its value by December. Consumer prices did not reflect the slowdown yet,
which is why the Fed held rates high through the year even as technology companies began to
fail. In October, Congress granted China permanent normal trade relations, a decision that
would help hold down the price of manufactured goods for years. A first-class stamp cost 33
cents and the federal minimum wage was $5.15. The recession of 2001 brought inflation back
down.
MLA: “Inflation from 1984 to 2000: $100 is worth $166 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1984-to-2000/
APA: InflationCalculator.com. Inflation from 1984 to 2000. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1984-to-2000/