$100 in 2000 is worth $104 in 2002,
because prices increased 4.5% over that period, an average of
2.21% a year.
$100 in 2000 has
the same buying power as
$104
in 2002
Detailed inflation statistics
Cumulative price change
4.5%
Average inflation rate
2.21% per year
Converted amount ($100 base)
$104
Price difference ($100 base)
$4.47
CPI in 2000
172.2
CPI in 2002
179.9
Inflation in 2000
3.36%
Inflation in 2002
1.58%
$100 in 2000 → 2002
$104
$100 in 2002 → 2000
$95.72
What happened to prices between 2000 and 2002
Between 2000 and 2002, the Consumer Price Index went from 172.2 to 179.9.
Cumulatively, prices increased 4.5%, which works out to an average of
2.21% per year. Put differently, a dollar in 2000 bought what
$0.96 buys in 2002: the 2000 dollar
lost 4.3% of its purchasing power over
these 2 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 2002 at the same ratio, 1.04: $1,000 becomes
$1,045, and $10,000 becomes $10,447.
Amount in 2000
Value in 2002
$1.00
$1.04
$5.00
$5.22
$10.00
$10.45
$20.00
$20.89
$50.00
$52.24
$100
$104
$500
$522
$1,000
$1,045
$5,000
$5,224
$10,000
$10,447
$100,000
$104,472
$1,000,000
$1,044,715
Inflation by spending category, 2000–2002
Between 2000 and 2002, medical care rose the most, up 9.5%, while apparel fell 4.3%, against 4.5% for all items. The headline number is an average; here is what $100 of 2000
spending costs in 2002, by category:
Category
Avg. yearly inflation
$100 in 2000 →
All items (CPI-U)
2.21%
$104
Medical care
4.65%
$110
Housing
3.11%
$106
Education & communication
2.60%
$105
Core (all items less food & energy)
2.51%
$105
Food
2.47%
$105
Recreation
1.39%
$103
Transportation
-0.13%
$99.74
Energy
-1.17%
$97.67
Apparel
-2.18%
$95.68
Year by year: CPI and the value of $100 from 2000
$100 from 2000 had already become $103 by
2001, on its way to $104 in 2002; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 2.8% in 2001, and the smallest rise was 1.6% in 2002.
In 2002, prices rose 1.6% and $100 from 2000 had the buying
power of $104; the year's average CPI of 179.9 is the level
behind every 2002 figure on this page.
The CPI rose 1.6% in 2002, the lowest annual rate of the decade so far, with gasoline down to an
average of $1.36 a gallon and slack in the labor market keeping wage pressure low. The median
household earned about $42,400, and a new home cost roughly $187,600, an increase of about 7%
from the year before as low mortgage rates began to lift housing. The Federal Reserve cut its
policy rate to 1.25% in November. Stocks were moving the other way: after the Enron and WorldCom
scandals, the S&P 500 hit its bear-market low on October 9, about 49% below its March 2000
peak, and Congress passed the Sarbanes-Oxley Act in July to tighten corporate accounting rules.
On January 1, euro banknotes and coins replaced national currencies in 12 European countries. A
first-class stamp rose to 37 cents in June, and the federal minimum wage stayed at $5.15.
MLA: “Inflation from 2000 to 2002: $100 is worth $104 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2000-to-2002/
APA: InflationCalculator.com. Inflation from 2000 to 2002. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2000-to-2002/