$100 in 1999 is worth $106 in 2001,
because prices increased 6.3% over that period, an average of
3.10% a year.
$100 in 1999 has
the same buying power as
$106
in 2001
Detailed inflation statistics
Cumulative price change
6.3%
Average inflation rate
3.10% per year
Converted amount ($100 base)
$106
Price difference ($100 base)
$6.30
CPI in 1999
166.6
CPI in 2001
177.1
Inflation in 1999
2.21%
Inflation in 2001
2.85%
$100 in 1999 → 2001
$106
$100 in 2001 → 1999
$94.07
What happened to prices between 1999 and 2001
Between 1999 and 2001, the Consumer Price Index went from 166.6 to 177.1.
Cumulatively, prices increased 6.3%, which works out to an average of
3.10% per year. Put differently, a dollar in 1999 bought what
$0.94 buys in 2001: the 1999 dollar
lost 5.9% of its purchasing power over
these 2 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 2001 at the same ratio, 1.06: $1,000 becomes
$1,063, and $10,000 becomes $10,630.
Amount in 1999
Value in 2001
$1.00
$1.06
$5.00
$5.32
$10.00
$10.63
$20.00
$21.26
$50.00
$53.15
$100
$106
$500
$532
$1,000
$1,063
$5,000
$5,315
$10,000
$10,630
$100,000
$106,303
$1,000,000
$1,063,025
Inflation by spending category, 1999–2001
Between 1999 and 2001, energy rose the most, up 21.3%, while apparel fell 3.0%, against 6.3% for all items. The headline number is an average; here is what $100 of 1999
spending costs in 2001, by category:
Category
Avg. yearly inflation
$100 in 1999 →
All items (CPI-U)
3.10%
$106
Energy
10.13%
$121
Medical care
4.34%
$109
Housing
3.74%
$108
Transportation
3.37%
$107
Food
2.71%
$105
Core (all items less food & energy)
2.54%
$105
Education & communication
1.96%
$104
Recreation
1.41%
$103
Apparel
-1.54%
$96.95
Decade by decade: 1999 to 2001
Prices climbed fastest in the 1990s, averaging 3.36% a year, and slowest in the 2000s (2.85% a year). Each step below chains into the full 1999–2001 change:
Years
Avg. yearly inflation
Price change
$100 from 1999, at end
1999–2000
3.36%
3.4%
$103
2000–2001
2.85%
2.8%
$106
Year by year: CPI and the value of $100 from 1999
$100 from 1999 had already become $103 by
2000, on its way to $106 in 2001; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 3.4% in 2000, and the smallest rise was 2.8% in 2001.
In 2001, prices rose 2.8% and $100 from 1999 had the buying
power of $106; the year's average CPI of 177.1 is the level
behind every 2001 figure on this page.
Inflation fell to 2.8% in 2001 from 3.4% the year before, as a recession that began in March
cut demand and gasoline slid to an average of $1.46 a gallon. The median household earned about
$42,200, roughly flat from 2000, and a new home cost about $175,200. The Federal Reserve cut its
policy rate 11 times over the year, from 6.5% to 1.75%, the lowest since 1961. After the
September 11 attacks, U.S. stock markets closed for four trading days, and air travel dropped
sharply until the following year. Congress had already passed a $1.35 trillion tax cut in June,
which included rebate checks of up to $600. The National Bureau of Economic Research dates the
recession’s end at November, but unemployment kept rising into 2003. A first-class stamp went to
34 cents in January, and the federal minimum wage stayed at $5.15. The Fed’s cuts were the
first step in a long period of very cheap borrowing that would fuel the housing boom.
MLA: “Inflation from 1999 to 2001: $100 is worth $106 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1999-to-2001/
APA: InflationCalculator.com. Inflation from 1999 to 2001. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1999-to-2001/