What is $100 in 1998 worth in 2003?

$100 in 1998 has the purchasing power of about $113 in 2003, based on the Consumer Price Index (CPI-U).

What was the average inflation rate between 1998 and 2003?

Prices rose 12.9% in total between 1998 and 2003, an average of 2.45% per year.

How much is $1 in 1998 worth today?

$1 in 1998 is equivalent to about $1.13 in 2003. Equivalently, a 2003 dollar buys what $0.89 bought in 1998.

U.S. inflation · 1998–2003

Value of $100 in 1998, adjusted to 2003

Amount From year To year

$100 in 1998 has the same buying power as

$113

in 2003

Detailed inflation statistics
Cumulative price change	12.9%
Average inflation rate	2.45% per year
Converted amount ($100 base)	$113
Price difference ($100 base)	$12.88
CPI in 1998	163
CPI in 2003	184
Inflation in 1998	1.56%
Inflation in 2003	2.28%
$100 in 1998 → 2003	$113
$100 in 2003 → 1998	$88.59

What happened to prices between 1998 and 2003

Between 1998 and 2003, the Consumer Price Index went from 163 to 184. Cumulatively, prices increased 12.9%, which works out to an average of 2.45% per year. Put differently, a dollar in 1998 bought what $0.89 buys in 2003.

Common amounts: 1998 dollars in 2003

Amount in 1998	Value in 2003
$1.00	$1.13
$5.00	$5.64
$10.00	$11.29
$20.00	$22.58
$50.00	$56.44
$100	$113
$500	$564
$1,000	$1,129
$5,000	$5,644
$10,000	$11,288
$100,000	$112,883
$1,000,000	$1,128,834

Inflation by spending category, 1998–2003

The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1998 spending costs in 2003, by category:

Category	Avg. yearly inflation	$100 in 1998 →
All items (CPI-U)	2.45%	$113
Energy	5.81%	$133
Medical care	4.18%	$123
Housing	2.87%	$115
Food	2.29%	$112
Core (all items less food & energy)	2.19%	$111
Transportation	2.16%	$111
Education & communication	1.83%	$109
Recreation	1.24%	$106
Apparel	-1.89%	$90.90

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
2003	184	2.3%	$113

Cite this page

MLA: “Inflation from 1998 to 2003: $100 is worth $113 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1998-to-2003/

APA: InflationCalculator.com. Inflation from 1998 to 2003. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1998-to-2003/

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.