Between 1997 and 2002, the Consumer Price Index went from 160.5 to 179.9.
Cumulatively, prices increased 12.1%, which works out to an average of
2.31% per year. Put differently, a dollar in 1997 bought what
$0.89 buys in 2002.
Common amounts: 1997 dollars in 2002
Amount in 1997
Value in 2002
$1.00
$1.12
$5.00
$5.60
$10.00
$11.21
$20.00
$22.42
$50.00
$56.04
$100
$112
$500
$560
$1,000
$1,121
$5,000
$5,604
$10,000
$11,209
$100,000
$112,087
$1,000,000
$1,120,872
Inflation by spending category, 1997–2002
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1997 spending costs in 2002, by category:
MLA: “Inflation from 1997 to 2002: $100 is worth $112 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1997-to-2002/
APA: InflationCalculator.com. Inflation from 1997 to 2002. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1997-to-2002/