$100 in 2000 is worth $177 in 2023,
because prices increased 76.9% over that period, an average of
2.51% a year.
$100 in 2000 has
the same buying power as
$177
in 2023
Detailed inflation statistics
Cumulative price change
76.9%
Average inflation rate
2.51% per year
Converted amount ($100 base)
$177
Price difference ($100 base)
$76.95
CPI in 2000
172.2
CPI in 2023
304.702
Inflation in 2000
3.36%
Inflation in 2023
4.12%
$100 in 2000 → 2023
$177
$100 in 2023 → 2000
$56.51
What happened to prices between 2000 and 2023
Between 2000 and 2023, the Consumer Price Index went from 172.2 to 304.702.
Cumulatively, prices increased 76.9%, which works out to an average of
2.51% per year. Put differently, a dollar in 2000 bought what
$0.57 buys in 2023: the 2000 dollar
lost 43.5% of its purchasing power over
these 23 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 2023 at the same ratio, 1.77: $1,000 becomes
$1,769, and $10,000 becomes $17,695.
Amount in 2000
Value in 2023
$1.00
$1.77
$5.00
$8.85
$10.00
$17.69
$20.00
$35.39
$50.00
$88.47
$100
$177
$500
$885
$1,000
$1,769
$5,000
$8,847
$10,000
$17,695
$100,000
$176,947
$1,000,000
$1,769,466
Inflation by spending category, 2000–2023
Between 2000 and 2023, energy rose the most, up 127.4%, while apparel rose the least, up 0.8%, against 76.9% for all items. The headline number is an average; here is what $100 of 2000
spending costs in 2023, by category:
Category
Avg. yearly inflation
$100 in 2000 →
All items (CPI-U)
2.51%
$177
Energy
3.64%
$227
Medical care
3.29%
$211
Food
2.89%
$192
Housing
2.80%
$189
Transportation
2.44%
$174
Core (all items less food & energy)
2.34%
$170
Education & communication
1.53%
$142
Recreation
1.21%
$132
Apparel
0.03%
$101
Decade by decade: 2000 to 2023
Prices climbed fastest in the 2020s, averaging 5.59% a year, and slowest in the 2010s (1.73% a year). Each step below chains into the full 2000–2023 change:
Years
Avg. yearly inflation
Price change
$100 from 2000, at end
2000–2010
2.39%
26.6%
$127
2010–2020
1.73%
18.7%
$150
2020–2023
5.59%
17.7%
$177
Year by year: CPI and the value of $100 from 2000
$100 from 2000 had already become $131 by
2011, on its way to $177 in 2023; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 8.0% in 2022, and prices fell 0.4% in 2009, the deepest deflation of the period.
In 2023, prices rose 4.1% and $100 from 2000 had the buying
power of $177; the year's average CPI of 304.702 is the level
behind every 2023 figure on this page.
2023 was the year inflation came down without a recession. Consumer prices
rose 4.1% on average, roughly half of 2022’s 8.0%, and the December-to-December
rate fell to 3.4%. Gasoline averaged $3.52 a gallon, well below the 2022
average, and supply-chain pressure on goods eased. Shelter, restaurant meals,
and other services stayed expensive, so the CPI kept rising at a rate well
above the pre-pandemic pace.
The Federal Reserve completed its rate-hiking campaign in July, taking the
policy rate to 5.25–5.50%, the highest level in 22 years. The effects showed
up in banking: Silicon Valley Bank failed in March after rate increases eroded
the value of its bond portfolio, the second-largest bank failure in U.S.
history at the time. Despite that, unemployment stayed under 4% all year.
Median household income was $80,610 according to the Census Bureau. The
federal minimum wage stayed at $7.25, and a first-class stamp rose to 66 cents
in July.
MLA: “Inflation from 2000 to 2023: $100 is worth $177 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2000-to-2023/
APA: InflationCalculator.com. Inflation from 2000 to 2023. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2000-to-2023/