$100 in 2000 is worth $110 in 2004,
because prices increased 9.7% over that period, an average of
2.34% a year.
$100 in 2000 has
the same buying power as
$110
in 2004
Detailed inflation statistics
Cumulative price change
9.7%
Average inflation rate
2.34% per year
Converted amount ($100 base)
$110
Price difference ($100 base)
$9.70
CPI in 2000
172.2
CPI in 2004
188.9
Inflation in 2000
3.36%
Inflation in 2004
2.66%
$100 in 2000 → 2004
$110
$100 in 2004 → 2000
$91.16
What happened to prices between 2000 and 2004
Between 2000 and 2004, the Consumer Price Index went from 172.2 to 188.9.
Cumulatively, prices increased 9.7%, which works out to an average of
2.34% per year. Put differently, a dollar in 2000 bought what
$0.91 buys in 2004: the 2000 dollar
lost 8.8% of its purchasing power over
these 4 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 2004 at the same ratio, 1.10: $1,000 becomes
$1,097, and $10,000 becomes $10,970.
Amount in 2000
Value in 2004
$1.00
$1.10
$5.00
$5.48
$10.00
$10.97
$20.00
$21.94
$50.00
$54.85
$100
$110
$500
$548
$1,000
$1,097
$5,000
$5,485
$10,000
$10,970
$100,000
$109,698
$1,000,000
$1,096,980
Inflation by spending category, 2000–2004
Between 2000 and 2004, energy rose the most, up 21.5%, while apparel fell 7.1%, against 9.7% for all items. The headline number is an average; here is what $100 of 2000
spending costs in 2004, by category:
Category
Avg. yearly inflation
$100 in 2000 →
All items (CPI-U)
2.34%
$110
Energy
4.99%
$122
Medical care
4.42%
$119
Housing
2.81%
$112
Food
2.64%
$111
Education & communication
2.15%
$109
Core (all items less food & energy)
2.05%
$108
Transportation
1.56%
$106
Recreation
1.26%
$105
Apparel
-1.82%
$92.90
Year by year: CPI and the value of $100 from 2000
$100 from 2000 had already become $104 by
2002, on its way to $110 in 2004; 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 2004, prices rose 2.7% and $100 from 2000 had the buying
power of $110; the year's average CPI of 188.9 is the level
behind every 2004 figure on this page.
Consumer prices rose 2.7% in 2004, with a 29-cent jump in the price of gasoline, to $1.88 a
gallon, doing much of the work. Crude oil passed $50 a barrel in October on rising demand
from China and India. The Federal Reserve raised rates for the first time in four years on
June 30, to 1.25%, and it kept going: 17 consecutive quarter-point increases took the rate to
5.25% by June 2006. Housing was already running ahead of incomes. The median household earned
about $44,300, up 2.3% from 2003, while the median new home sold for $221,000, up about 13%. A
first-class stamp stayed at 37 cents and the federal minimum wage at $5.15, unchanged since
1997.
MLA: “Inflation from 2000 to 2004: $100 is worth $110 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2000-to-2004/
APA: InflationCalculator.com. Inflation from 2000 to 2004. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2000-to-2004/