$100 in 2001 is worth $177 in 2024,
because prices increased 77.1% over that period, an average of
2.52% a year.
$100 in 2001 has
the same buying power as
$177
in 2024
Detailed inflation statistics
Cumulative price change
77.1%
Average inflation rate
2.52% per year
Converted amount ($100 base)
$177
Price difference ($100 base)
$77.13
CPI in 2001
177.1
CPI in 2024
313.689
Inflation in 2001
2.85%
Inflation in 2024
2.95%
$100 in 2001 → 2024
$177
$100 in 2024 → 2001
$56.46
What happened to prices between 2001 and 2024
Between 2001 and 2024, the Consumer Price Index went from 177.1 to 313.689.
Cumulatively, prices increased 77.1%, which works out to an average of
2.52% per year. Put differently, a dollar in 2001 bought what
$0.56 buys in 2024: the 2001 dollar
lost 43.5% of its purchasing power over
these 23 years.
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.
Every 2001 amount converts to 2024 at the same ratio, 1.77: $1,000 becomes
$1,771, and $10,000 becomes $17,713.
Amount in 2001
Value in 2024
$1.00
$1.77
$5.00
$8.86
$10.00
$17.71
$20.00
$35.43
$50.00
$88.56
$100
$177
$500
$886
$1,000
$1,771
$5,000
$8,856
$10,000
$17,713
$100,000
$177,125
$1,000,000
$1,771,254
Inflation by spending category, 2001–2024
Between 2001 and 2024, energy rose the most, up 116.2%, while apparel rose the least, up 3.3%, against 77.1% for all items. The headline number is an average; here is what $100 of 2001
spending costs in 2024, by category:
Category
Avg. yearly inflation
$100 in 2001 →
All items (CPI-U)
2.52%
$177
Energy
3.41%
$216
Medical care
3.21%
$207
Food
2.85%
$191
Housing
2.82%
$189
Transportation
2.47%
$175
Core (all items less food & energy)
2.37%
$171
Education & communication
1.44%
$139
Recreation
1.20%
$132
Apparel
0.14%
$103
Decade by decade: 2001 to 2024
Prices climbed fastest in the 2020s, averaging 4.93% a year, and slowest in the 2010s (1.73% a year). Each step below chains into the full 2001–2024 change:
Years
Avg. yearly inflation
Price change
$100 from 2001, at end
2001–2010
2.34%
23.1%
$123
2010–2020
1.73%
18.7%
$146
2020–2024
4.93%
21.2%
$177
Year by year: CPI and the value of $100 from 2001
$100 from 2001 had already become $130 by
2012, on its way to $177 in 2024; 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 2024, prices rose 2.9% and $100 from 2001 had the buying
power of $177; the year's average CPI of 313.689 is the level
behind every 2024 figure on this page.
2024 brought inflation close to normal without fully reaching it. Consumer
prices rose 2.9% on average, the smallest yearly increase since 2020, and the
December-to-December rate was also 2.9%. Gasoline averaged $3.30 a gallon,
below 2023’s $3.52. Shelter stayed the biggest driver of the index, so the
pace of price growth in categories that households can’t easily avoid, such as
rent and insurance, lagged the drop in goods and energy costs.
The Federal Reserve declared progress in September, cutting its policy rate
by half a point, the first reduction since the pandemic emergency, and then
by a quarter point in November and again in December. Mortgage rates near 7%
kept the housing market frozen for many would-be buyers.
Median household income was $83,730, the federal minimum wage stayed at $7.25,
and a first-class stamp rose to 73 cents in July. After the November election,
attention turned to how announced tariffs and tax policy might affect prices
in 2025.
MLA: “Inflation from 2001 to 2024: $100 is worth $177 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2001-to-2024/
APA: InflationCalculator.com. Inflation from 2001 to 2024. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2001-to-2024/