U.S. inflation · 1998–2024
$100 in 1998 has the same buying power as
$192
in 2024
| Cumulative price change | 92.4% |
|---|---|
| Average inflation rate | 2.55% per year |
| Converted amount ($100 base) | $192 |
| Price difference ($100 base) | $92.45 |
| CPI in 1998 | 163 |
| CPI in 2024 | 313.689 |
| Inflation in 1998 | 1.56% |
| Inflation in 2024 | 2.95% |
| $100 in 1998 → 2024 | $192 |
| $100 in 2024 → 1998 | $51.96 |
Between 1998 and 2024, the Consumer Price Index went from 163 to 313.689. Cumulatively, prices increased 92.4%, which works out to an average of 2.55% per year. Put differently, a dollar in 1998 bought what $0.52 buys in 2024.
| Amount in 1998 | Value in 2024 |
|---|---|
| $1.00 | $1.92 |
| $5.00 | $9.62 |
| $10.00 | $19.24 |
| $20.00 | $38.49 |
| $50.00 | $96.22 |
| $100 | $192 |
| $500 | $962 |
| $1,000 | $1,924 |
| $5,000 | $9,622 |
| $10,000 | $19,245 |
| $100,000 | $192,447 |
| $1,000,000 | $1,924,472 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 1998 spending costs in 2024, by category:
| Category | Avg. yearly inflation | $100 in 1998 → |
|---|---|---|
| All items (CPI-U) | 2.55% | $192 |
| Energy | 3.92% | $272 |
| Medical care | 3.31% | $233 |
| Housing | 2.86% | $208 |
| Food | 2.81% | $206 |
| Transportation | 2.52% | $191 |
| Core (all items less food & energy) | 2.37% | $184 |
| Education & communication | 1.46% | $146 |
| Recreation | 1.21% | $137 |
| Apparel | -0.04% | $98.86 |
| 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 |
| 2023 | 304.702 | 4.1% | $187 |
| 2024 | 313.689 | 2.9% | $192 |
MLA: “Inflation from 1998 to 2024: $100 is worth $192 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1998-to-2024/
APA: InflationCalculator.com. Inflation from 1998 to 2024. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1998-to-2024/
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.