U.S. inflation · 1998–2002

Value of $100 in 1998, adjusted to 2002

$100 in 1998 has the same buying power as

$110

in 2002

$100$105$11019982002$100 · 1998$110 · 2002
Detailed inflation statistics
Cumulative price change10.4%
Average inflation rate2.50% per year
Converted amount ($100 base)$110
Price difference ($100 base)$10.37
CPI in 1998163
CPI in 2002179.9
Inflation in 19981.56%
Inflation in 20021.58%
$100 in 19982002$110
$100 in 20021998$90.61

What happened to prices between 1998 and 2002

Between 1998 and 2002, the Consumer Price Index went from 163 to 179.9. Cumulatively, prices increased 10.4%, which works out to an average of 2.50% per year. Put differently, a dollar in 1998 bought what $0.91 buys in 2002.

Common amounts: 1998 dollars in 2002

Amount in 1998Value in 2002
$1.00$1.10
$5.00$5.52
$10.00$11.04
$20.00$22.07
$50.00$55.18
$100$110
$500$552
$1,000$1,104
$5,000$5,518
$10,000$11,037
$100,000$110,368
$1,000,000$1,103,681

Inflation by spending category, 1998–2002

The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1998 spending costs in 2002, by category:

Category Avg. yearly inflation $100 in 1998 →
All items (CPI-U) 2.50% $110
Energy 4.28% $118
Medical care 4.22% $118
Housing 2.97% $112
Core (all items less food & energy) 2.38% $110
Food 2.33% $110
Transportation 1.94% $108
Education & communication 1.84% $108
Recreation 1.24% $105
Apparel -1.74% $93.23

Year by year: CPI and the value of $100 from 1998

Year CPI Inflation rate $100 from 1998
1998 163 1.6% $100
1999 166.6 2.2% $102
2000 172.2 3.4% $106
2001 177.1 2.8% $109
2002 179.9 1.6% $110

Cite this page

MLA: “Inflation from 1998 to 2002: $100 is worth $110 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1998-to-2002/

APA: InflationCalculator.com. Inflation from 1998 to 2002. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1998-to-2002/

Source: U.S. Bureau of Labor Statistics, CPI-U annual averages (series CUUR0000SA0; category indexes listed on the data sources page). See how these numbers are calculated.