Between 1994 and 2002, the Consumer Price Index went from 148.2 to 179.9.
Cumulatively, prices increased 21.4%, which works out to an average of
2.45% per year. Put differently, a dollar in 1994 bought what
$0.82 buys in 2002.
Common amounts: 1994 dollars in 2002
Amount in 1994
Value in 2002
$1.00
$1.21
$5.00
$6.07
$10.00
$12.14
$20.00
$24.28
$50.00
$60.70
$100
$121
$500
$607
$1,000
$1,214
$5,000
$6,070
$10,000
$12,139
$100,000
$121,390
$1,000,000
$1,213,900
Inflation by spending category, 1994–2002
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1994 spending costs in 2002, by category:
MLA: “Inflation from 1994 to 2002: $100 is worth $121 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1994-to-2002/
APA: InflationCalculator.com. Inflation from 1994 to 2002. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1994-to-2002/