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 1998
Value 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:
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/