$100 in 2000 is worth $133 in 2012,
because prices increased 33.3% over that period, an average of
2.43% a year.
$100 in 2000 has
the same buying power as
$133
in 2012
Detailed inflation statistics
Cumulative price change
33.3%
Average inflation rate
2.43% per year
Converted amount ($100 base)
$133
Price difference ($100 base)
$33.33
CPI in 2000
172.2
CPI in 2012
229.594
Inflation in 2000
3.36%
Inflation in 2012
2.07%
$100 in 2000 → 2012
$133
$100 in 2012 → 2000
$75.00
What happened to prices between 2000 and 2012
Between 2000 and 2012, the Consumer Price Index went from 172.2 to 229.594.
Cumulatively, prices increased 33.3%, which works out to an average of
2.43% per year. Put differently, a dollar in 2000 bought what
$0.75 buys in 2012: the 2000 dollar
lost 25.0% of its purchasing power over
these 12 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 2012 at the same ratio, 1.33: $1,000 becomes
$1,333, and $10,000 becomes $13,333.
Amount in 2000
Value in 2012
$1.00
$1.33
$5.00
$6.67
$10.00
$13.33
$20.00
$26.67
$50.00
$66.66
$100
$133
$500
$667
$1,000
$1,333
$5,000
$6,666
$10,000
$13,333
$100,000
$133,330
$1,000,000
$1,333,298
Inflation by spending category, 2000–2012
Between 2000 and 2012, energy rose the most, up 97.5%, while apparel fell 2.6%, against 33.3% for all items. The headline number is an average; here is what $100 of 2000
spending costs in 2012, by category:
Category
Avg. yearly inflation
$100 in 2000 →
All items (CPI-U)
2.43%
$133
Energy
5.84%
$197
Medical care
3.95%
$159
Transportation
2.95%
$142
Food
2.80%
$139
Housing
2.30%
$131
Education & communication
2.25%
$131
Core (all items less food & energy)
1.99%
$127
Recreation
0.88%
$111
Apparel
-0.22%
$97.43
Decade by decade: 2000 to 2012
Prices climbed fastest in the 2010s, averaging 2.61% a year, and slowest in the 2000s (2.39% a year). Each step below chains into the full 2000–2012 change:
Years
Avg. yearly inflation
Price change
$100 from 2000, at end
2000–2010
2.39%
26.6%
$127
2010–2012
2.61%
5.3%
$133
Year by year: CPI and the value of $100 from 2000
$100 from 2000 had already become $117 by
2006, on its way to $133 in 2012; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 3.8% in 2008, and prices fell 0.4% in 2009, the deepest deflation of the period.
In 2012, prices rose 2.1% and $100 from 2000 had the buying
power of $133; the year's average CPI of 229.594 is the level
behind every 2012 figure on this page.
2012 put a number on what the Federal Reserve was aiming for. In January the
Fed announced a 2% inflation target, and consumer prices rose 2.1% for the
year, almost exactly on it. Gasoline averaged $3.62 a gallon, another annual
high, but the pace of increase cooled from 2011’s 3.2% as food and core prices
grew more slowly.
The bigger story was housing and jobs. Home prices began to recover, and the
median new home sold for about $245,200, up from $227,200 the year before.
Median household income was $51,017. The federal minimum wage held at $7.25,
and a first-class stamp rose to 45 cents.
In September the Fed started a third round of asset purchases, this one with
no fixed end date, aimed at lowering unemployment. Overseas, the European
Central Bank’s July pledge to do “whatever it takes” to save the euro calmed
bond markets. A summer drought across the Midwest drove corn and soybean
prices to records, a shock that reached grocery shelves only partly, because
most of what shoppers pay for food covers processing and transport rather than
raw crops.
MLA: “Inflation from 2000 to 2012: $100 is worth $133 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2000-to-2012/
APA: InflationCalculator.com. Inflation from 2000 to 2012. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2000-to-2012/