$100 in 1993 is worth $119 in 2000,
because prices increased 19.2% over that period, an average of
2.54% a year.
$100 in 1993 has
the same buying power as
$119
in 2000
Detailed inflation statistics
Cumulative price change
19.2%
Average inflation rate
2.54% per year
Converted amount ($100 base)
$119
Price difference ($100 base)
$19.17
CPI in 1993
144.5
CPI in 2000
172.2
Inflation in 1993
2.99%
Inflation in 2000
3.36%
$100 in 1993 → 2000
$119
$100 in 2000 → 1993
$83.91
What happened to prices between 1993 and 2000
Between 1993 and 2000, the Consumer Price Index went from 144.5 to 172.2.
Cumulatively, prices increased 19.2%, which works out to an average of
2.54% per year. Put differently, a dollar in 1993 bought what
$0.84 buys in 2000: the 1993 dollar
lost 16.1% of its purchasing power over
these 7 years.
By 1993, the median household earned about $31,200, gas averaged $1.11 a gallon, and a new home
cost roughly $126,500. Inflation ran at 3.0% for the year, holding close to where it had settled
the year before as the recovery slowly gathered strength. Washington spent much of the year on
two pieces of unfinished business from the recession: a deficit-reduction package, the Omnibus
Budget Reconciliation Act, that raised the top income tax rate to 39.6% to start narrowing a
budget gap left over from the 1980s, and a trade deal, the North American Free Trade Agreement,
that President Clinton signed into law in December after a contentious fight in Congress. NAFTA
phased out most tariffs between the U.S., Mexico, and Canada and took effect the following
January. The year’s other defining event had nothing to do with the economy: in February, a bomb
exploded in the World Trade Center’s parking garage, killing six people and injuring more than a
thousand. By year’s end, the pieces of the decade’s later economic story, freer trade, a
shrinking deficit, and inflation holding near 3%, were already in place.
Every 1993 amount converts to 2000 at the same ratio, 1.19: $1,000 becomes
$1,192, and $10,000 becomes $11,917.
Amount in 1993
Value in 2000
$1.00
$1.19
$5.00
$5.96
$10.00
$11.92
$20.00
$23.83
$50.00
$59.58
$100
$119
$500
$596
$1,000
$1,192
$5,000
$5,958
$10,000
$11,917
$100,000
$119,170
$1,000,000
$1,191,696
Inflation by spending category, 1993–2000
Between 1993 and 2000, medical care rose the most, up 29.5%, while apparel fell 3.1%, against 19.2% for all items. The headline number is an average; here is what $100 of 1993
spending costs in 2000, by category:
Category
Avg. yearly inflation
$100 in 1993 →
All items (CPI-U)
2.54%
$119
Medical care
3.76%
$129
Housing
2.65%
$120
Education & communication
2.62%
$120
Energy
2.59%
$120
Core (all items less food & energy)
2.53%
$119
Food
2.53%
$119
Transportation
2.34%
$118
Recreation
1.88%
$114
Apparel
-0.44%
$96.93
Year by year: CPI and the value of $100 from 1993
$100 from 1993 had already become $109 by
1996, on its way to $119 in 2000; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 3.4% in 2000, and the smallest rise was 1.6% in 1998.
In 2000, prices rose 3.4% and $100 from 1993 had the buying
power of $119; 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 1993 to 2000: $100 is worth $119 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1993-to-2000/
APA: InflationCalculator.com. Inflation from 1993 to 2000. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1993-to-2000/