U.S. inflation · 1998–2006
$100 in 1998 has the same buying power as
$124
in 2006
| Cumulative price change | 23.7% |
|---|---|
| Average inflation rate | 2.69% per year |
| Converted amount ($100 base) | $124 |
| Price difference ($100 base) | $23.68 |
| CPI in 1998 | 163 |
| CPI in 2006 | 201.6 |
| Inflation in 1998 | 1.56% |
| Inflation in 2006 | 3.23% |
| $100 in 1998 → 2006 | $124 |
| $100 in 2006 → 1998 | $80.85 |
Between 1998 and 2006, the Consumer Price Index went from 163 to 201.6. Cumulatively, prices increased 23.7%, which works out to an average of 2.69% per year. Put differently, a dollar in 1998 bought what $0.81 buys in 2006.
| Amount in 1998 | Value in 2006 |
|---|---|
| $1.00 | $1.24 |
| $5.00 | $6.18 |
| $10.00 | $12.37 |
| $20.00 | $24.74 |
| $50.00 | $61.84 |
| $100 | $124 |
| $500 | $618 |
| $1,000 | $1,237 |
| $5,000 | $6,184 |
| $10,000 | $12,368 |
| $100,000 | $123,681 |
| $1,000,000 | $1,236,810 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1998 spending costs in 2006, by category:
| Category | Avg. yearly inflation | $100 in 1998 → |
|---|---|---|
| All items (CPI-U) | 2.69% | $124 |
| Energy | 8.45% | $191 |
| Medical care | 4.19% | $139 |
| Transportation | 3.11% | $128 |
| Housing | 3.00% | $127 |
| Food | 2.46% | $121 |
| Core (all items less food & energy) | 2.17% | $119 |
| Education & communication | 1.92% | $116 |
| Recreation | 1.16% | $110 |
| Apparel | -1.33% | $89.85 |
| 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 |
| 2004 | 188.9 | 2.7% | $116 |
| 2005 | 195.3 | 3.4% | $120 |
| 2006 | 201.6 | 3.2% | $124 |
MLA: “Inflation from 1998 to 2006: $100 is worth $124 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1998-to-2006/
APA: InflationCalculator.com. Inflation from 1998 to 2006. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1998-to-2006/
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.