$100 in 1999 is worth $103 in 2000,
because prices increased 3.4% over that period, an average of
3.36% a year.
$100 in 1999 has
the same buying power as
$103
in 2000
Detailed inflation statistics
Cumulative price change
3.4%
Average inflation rate
3.36% per year
Converted amount ($100 base)
$103
Price difference ($100 base)
$3.36
CPI in 1999
166.6
CPI in 2000
172.2
Inflation in 1999
2.21%
Inflation in 2000
3.36%
$100 in 1999 → 2000
$103
$100 in 2000 → 1999
$96.75
What happened to prices between 1999 and 2000
Between 1999 and 2000, the Consumer Price Index went from 166.6 to 172.2.
Cumulatively, prices increased 3.4%, which works out to an average of
3.36% per year. Put differently, a dollar in 1999 bought what
$0.97 buys in 2000: the 1999 dollar
lost 3.3% of its purchasing power over
these 1 years.
The median household earned about $40,700 in 1999, gas averaged $1.17 a gallon, and a new home
cost roughly $161,000. Inflation ran at 2.2% for the year, ticking back up from 1998’s decade low
as oil prices recovered from their collapse. The decade closed with two changes to the financial
system that would shape the one after it: on January 1, the euro launched as an accounting
currency across 11 European countries, trading alongside national currencies like the French
franc and German mark ahead of physical cash in 2002, and in November, Congress passed the
Gramm-Leach-Bliley Act, tearing down the Depression-era wall between commercial banks, investment
banks, and insurers. Stock markets, meanwhile, were absorbed in a boom of their own: the Nasdaq
surged through the year on soaring internet-stock valuations, and the Federal Reserve raised
interest rates three times in the second half of 1999 partly to cool the exuberance, even as it
pumped extra liquidity into the banking system to guard against any disruption from the Y2K
rollover. A first-class stamp cost 33 cents. Inflation had spent the decade falling from 1990’s
5.4% peak to averages closer to 2-3%, and 1999 closed it out almost exactly where the 1990s as a
whole had settled.
Every 1999 amount converts to 2000 at the same ratio, 1.03: $1,000 becomes
$1,034, and $10,000 becomes $10,336.
Amount in 1999
Value in 2000
$1.00
$1.03
$5.00
$5.17
$10.00
$10.34
$20.00
$20.67
$50.00
$51.68
$100
$103
$500
$517
$1,000
$1,034
$5,000
$5,168
$10,000
$10,336
$100,000
$103,361
$1,000,000
$1,033,613
Inflation by spending category, 1999–2000
Between 1999 and 2000, energy rose the most, up 16.9%, while apparel fell 1.3%, against 3.4% for all items. The headline number is an average; here is what $100 of 1999
spending costs in 2000, by category:
Category
Avg. yearly inflation
$100 in 1999 →
All items (CPI-U)
3.36%
$103
Energy
16.89%
$117
Transportation
6.16%
$106
Medical care
4.07%
$104
Housing
3.48%
$103
Core (all items less food & energy)
2.43%
$102
Food
2.25%
$102
Education & communication
1.28%
$101
Recreation
1.27%
$101
Apparel
-1.29%
$98.71
Year by year: CPI and the value of $100 from 1999
$100 from 1999grew to $103 by 2000; each row
shows the CPI, that year's inflation rate, and the running value.
In 2000, prices rose 3.4% and $100 from 1999 had the buying
power of $103; the year's average CPI of 172.2 is the level
behind every 2000 figure on this page.
Inflation ran at 3.4% in 2000, the highest annual rate since 1991, as an economy growing
above 4% and a rise in oil prices pushed the CPI up. The median household earned about
$42,100, gas averaged $1.51 a gallon, and a new home cost roughly $169,000. The Federal
Reserve had raised interest rates six times since mid-1999 and stopped at 6.5% in May. By
then the stock market had already turned: the Nasdaq hit its record of 5,048 on March 10 and
lost about 39% of its value by December. Consumer prices did not reflect the slowdown yet,
which is why the Fed held rates high through the year even as technology companies began to
fail. In October, Congress granted China permanent normal trade relations, a decision that
would help hold down the price of manufactured goods for years. A first-class stamp cost 33
cents and the federal minimum wage was $5.15. The recession of 2001 brought inflation back
down.
MLA: “Inflation from 1999 to 2000: $100 is worth $103 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1999-to-2000/
APA: InflationCalculator.com. Inflation from 1999 to 2000. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1999-to-2000/