Between 1996 and 1997, the Consumer Price Index went from 156.9 to 160.5.
Cumulatively, prices increased 2.3%, which works out to an average of
2.29% per year. Put differently, a dollar in 1996 bought what
$0.98 buys in 1997.
Common amounts: 1996 dollars in 1997
Amount in 1996
Value in 1997
$1.00
$1.02
$5.00
$5.11
$10.00
$10.23
$20.00
$20.46
$50.00
$51.15
$100
$102
$500
$511
$1,000
$1,023
$5,000
$5,115
$10,000
$10,229
$100,000
$102,294
$1,000,000
$1,022,945
Inflation by spending category, 1996–1997
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1996 spending costs in 1997, by category:
MLA: “Inflation from 1996 to 1997: $100 is worth $102 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1996-to-1997/
APA: InflationCalculator.com. Inflation from 1996 to 1997. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1996-to-1997/