$100 in 1999 is worth $124 in 2007,
because prices increased 24.5% over that period, an average of
2.77% a year.
$100 in 1999 has
the same buying power as
$124
in 2007
Detailed inflation statistics
Cumulative price change
24.5%
Average inflation rate
2.77% per year
Converted amount ($100 base)
$124
Price difference ($100 base)
$24.45
CPI in 1999
166.6
CPI in 2007
207.342
Inflation in 1999
2.21%
Inflation in 2007
2.85%
$100 in 1999 → 2007
$124
$100 in 2007 → 1999
$80.35
What happened to prices between 1999 and 2007
Between 1999 and 2007, the Consumer Price Index went from 166.6 to 207.342.
Cumulatively, prices increased 24.5%, which works out to an average of
2.77% per year. Put differently, a dollar in 1999 bought what
$0.80 buys in 2007: the 1999 dollar
lost 19.6% of its purchasing power over
these 8 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 2007 at the same ratio, 1.24: $1,000 becomes
$1,245, and $10,000 becomes $12,445.
Amount in 1999
Value in 2007
$1.00
$1.24
$5.00
$6.22
$10.00
$12.45
$20.00
$24.89
$50.00
$62.23
$100
$124
$500
$622
$1,000
$1,245
$5,000
$6,223
$10,000
$12,445
$100,000
$124,455
$1,000,000
$1,244,550
Inflation by spending category, 1999–2007
Between 1999 and 2007, energy rose the most, up 94.9%, while apparel fell 9.4%, against 24.5% for all items. The headline number is an average; here is what $100 of 1999
spending costs in 2007, by category:
Category
Avg. yearly inflation
$100 in 1999 →
All items (CPI-U)
2.77%
$124
Energy
8.70%
$195
Medical care
4.30%
$140
Transportation
3.12%
$128
Housing
3.12%
$128
Food
2.69%
$124
Core (all items less food & energy)
2.20%
$119
Education & communication
2.11%
$118
Recreation
1.11%
$109
Apparel
-1.22%
$90.63
Decade by decade: 1999 to 2007
Prices climbed fastest in the 1990s, averaging 3.36% a year, and slowest in the 2000s (2.69% a year). Each step below chains into the full 1999–2007 change:
Years
Avg. yearly inflation
Price change
$100 from 1999, at end
1999–2000
3.36%
3.4%
$103
2000–2007
2.69%
20.4%
$124
Year by year: CPI and the value of $100 from 1999
$100 from 1999 had already become $110 by
2003, on its way to $124 in 2007; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 3.4% in 2005, and the smallest rise was 1.6% in 2002.
In 2007, prices rose 2.8% and $100 from 1999 had the buying
power of $124; the year's average CPI of 207.342 is the level
behind every 2007 figure on this page.
Inflation was 2.8% in 2007, with gasoline averaging $2.80 a gallon, but the year is better
known for what began underneath prices. In August, French bank BNP Paribas froze funds tied to
U.S. subprime mortgages, and credit between banks tightened. The Federal Reserve responded with
a half-point cut on September 18, its first in four years, and took the policy rate from 5.25% to
4.25% by December. The economy peaked that month, by the National Bureau of Economic Research’s
dating, and the Great Recession followed. The median household earned about $50,200, and the
median new home cost $247,900. Congress ended the decade-long freeze on the federal minimum wage
in May, with the first of three steps to $5.85 in July. A first-class stamp cost 41 cents.
MLA: “Inflation from 1999 to 2007: $100 is worth $124 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1999-to-2007/
APA: InflationCalculator.com. Inflation from 1999 to 2007. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1999-to-2007/