$100 in 2000 is worth $103 in 2001,
because prices increased 2.8% over that period, an average of
2.85% a year.
$100 in 2000 has
the same buying power as
$103
in 2001
Detailed inflation statistics
Cumulative price change
2.8%
Average inflation rate
2.85% per year
Converted amount ($100 base)
$103
Price difference ($100 base)
$2.85
CPI in 2000
172.2
CPI in 2001
177.1
Inflation in 2000
3.36%
Inflation in 2001
2.85%
$100 in 2000 → 2001
$103
$100 in 2001 → 2000
$97.23
What happened to prices between 2000 and 2001
Between 2000 and 2001, the Consumer Price Index went from 172.2 to 177.1.
Cumulatively, prices increased 2.8%, which works out to an average of
2.85% per year. Put differently, a dollar in 2000 bought what
$0.97 buys in 2001: the 2000 dollar
lost 2.8% of its purchasing power over
these 1 years.
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.
Every 2000 amount converts to 2001 at the same ratio, 1.03: $1,000 becomes
$1,028, and $10,000 becomes $10,285.
Amount in 2000
Value in 2001
$1.00
$1.03
$5.00
$5.14
$10.00
$10.28
$20.00
$20.57
$50.00
$51.42
$100
$103
$500
$514
$1,000
$1,028
$5,000
$5,142
$10,000
$10,285
$100,000
$102,846
$1,000,000
$1,028,455
Inflation by spending category, 2000–2001
Between 2000 and 2001, medical care rose the most, up 4.6%, while apparel fell 1.8%, against 2.8% for all items. The headline number is an average; here is what $100 of 2000
spending costs in 2001, by category:
Category
Avg. yearly inflation
$100 in 2000 →
All items (CPI-U)
2.85%
$103
Medical care
4.60%
$105
Housing
4.01%
$104
Energy
3.77%
$104
Food
3.16%
$103
Core (all items less food & energy)
2.65%
$103
Education & communication
2.63%
$103
Recreation
1.55%
$102
Transportation
0.65%
$101
Apparel
-1.77%
$98.23
Year by year: CPI and the value of $100 from 2000
$100 from 2000grew to $103 by 2001; each row
shows the CPI, that year's inflation rate, and the running value.
In 2001, prices rose 2.8% and $100 from 2000 had the buying
power of $103; 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 2000 to 2001: $100 is worth $103 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2000-to-2001/
APA: InflationCalculator.com. Inflation from 2000 to 2001. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2000-to-2001/