Between 1998 and 2001, the Consumer Price Index went from 163 to 177.1.
Cumulatively, prices increased 8.7%, which works out to an average of
2.80% per year. Put differently, a dollar in 1998 bought what
$0.92 buys in 2001.
Common amounts: 1998 dollars in 2001
Amount in 1998
Value in 2001
$1.00
$1.09
$5.00
$5.43
$10.00
$10.87
$20.00
$21.73
$50.00
$54.33
$100
$109
$500
$543
$1,000
$1,087
$5,000
$5,433
$10,000
$10,865
$100,000
$108,650
$1,000,000
$1,086,503
Inflation by spending category, 1998–2001
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 1998 spending costs in 2001, by category:
MLA: “Inflation from 1998 to 2001: $100 is worth $109 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1998-to-2001/
APA: InflationCalculator.com. Inflation from 1998 to 2001. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1998-to-2001/