U.S. inflation · 1998–2022
$100 in 1998 has the same buying power as
$180
in 2022
| Cumulative price change | 79.5% |
|---|---|
| Average inflation rate | 2.47% per year |
| Converted amount ($100 base) | $180 |
| Price difference ($100 base) | $79.54 |
| CPI in 1998 | 163 |
| CPI in 2022 | 292.655 |
| Inflation in 1998 | 1.56% |
| Inflation in 2022 | 8.00% |
| $100 in 1998 → 2022 | $180 |
| $100 in 2022 → 1998 | $55.70 |
Between 1998 and 2022, the Consumer Price Index went from 163 to 292.655. Cumulatively, prices increased 79.5%, which works out to an average of 2.47% per year. Put differently, a dollar in 1998 bought what $0.56 buys in 2022.
| Amount in 1998 | Value in 2022 |
|---|---|
| $1.00 | $1.80 |
| $5.00 | $8.98 |
| $10.00 | $17.95 |
| $20.00 | $35.91 |
| $50.00 | $89.77 |
| $100 | $180 |
| $500 | $898 |
| $1,000 | $1,795 |
| $5,000 | $8,977 |
| $10,000 | $17,954 |
| $100,000 | $179,543 |
| $1,000,000 | $1,795,429 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1998 spending costs in 2022, by category:
| Category | Avg. yearly inflation | $100 in 1998 → |
|---|---|---|
| All items (CPI-U) | 2.47% | $180 |
| Energy | 4.53% | $290 |
| Medical care | 3.45% | $226 |
| Food | 2.71% | $190 |
| Transportation | 2.67% | $188 |
| Housing | 2.65% | $188 |
| Core (all items less food & energy) | 2.23% | $170 |
| Education & communication | 1.51% | $143 |
| Recreation | 1.08% | $129 |
| Apparel | -0.19% | $95.55 |
| 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 |
| 2007 | 207.342 | 2.8% | $127 |
| 2008 | 215.303 | 3.8% | $132 |
| 2009 | 214.537 | -0.4% | $132 |
| 2010 | 218.056 | 1.6% | $134 |
| 2011 | 224.939 | 3.2% | $138 |
| 2012 | 229.594 | 2.1% | $141 |
| 2013 | 232.957 | 1.5% | $143 |
| 2014 | 236.736 | 1.6% | $145 |
| 2015 | 237.017 | 0.1% | $145 |
| 2016 | 240.007 | 1.3% | $147 |
| 2017 | 245.12 | 2.1% | $150 |
| 2018 | 251.107 | 2.4% | $154 |
| 2019 | 255.657 | 1.8% | $157 |
| 2020 | 258.811 | 1.2% | $159 |
| 2021 | 270.97 | 4.7% | $166 |
| 2022 | 292.655 | 8.0% | $180 |
2022 was the year inflation returned. Consumer prices rose 8.0% on average, the worst since 1981, driven by pandemic-era supply chains, stimulus-fueled demand, and an energy shock from the war in Ukraine. Gas briefly topped $5 a gallon nationally for the first time ever, and “inflation” became the top-ranked economic concern in nearly every poll of American households.
MLA: “Inflation from 1998 to 2022: $100 is worth $180 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1998-to-2022/
APA: InflationCalculator.com. Inflation from 1998 to 2022. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1998-to-2022/
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.