Between 1998 and 1999, the Consumer Price Index went from 163 to 166.6.
Cumulatively, prices increased 2.2%, which works out to an average of
2.21% per year. Put differently, a dollar in 1998 bought what
$0.98 buys in 1999.
Common amounts: 1998 dollars in 1999
Amount in 1998
Value in 1999
$1.00
$1.02
$5.00
$5.11
$10.00
$10.22
$20.00
$20.44
$50.00
$51.10
$100
$102
$500
$511
$1,000
$1,022
$5,000
$5,110
$10,000
$10,221
$100,000
$102,209
$1,000,000
$1,022,086
Inflation by spending category, 1998–1999
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1998 spending costs in 1999, by category:
MLA: “Inflation from 1998 to 1999: $100 is worth $102 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1998-to-1999/
APA: InflationCalculator.com. Inflation from 1998 to 1999. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1998-to-1999/