$100 in 2002 is worth $109 in 2005,
because prices increased 8.6% over that period, an average of
2.78% a year.
$100 in 2002 has
the same buying power as
$109
in 2005
Detailed inflation statistics
Cumulative price change
8.6%
Average inflation rate
2.78% per year
Converted amount ($100 base)
$109
Price difference ($100 base)
$8.56
CPI in 2002
179.9
CPI in 2005
195.3
Inflation in 2002
1.58%
Inflation in 2005
3.39%
$100 in 2002 → 2005
$109
$100 in 2005 → 2002
$92.11
What happened to prices between 2002 and 2005
Between 2002 and 2005, the Consumer Price Index went from 179.9 to 195.3.
Cumulatively, prices increased 8.6%, which works out to an average of
2.78% per year. Put differently, a dollar in 2002 bought what
$0.92 buys in 2005: the 2002 dollar
lost 7.9% of its purchasing power over
these 3 years.
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.
Every 2002 amount converts to 2005 at the same ratio, 1.09: $1,000 becomes
$1,086, and $10,000 becomes $10,856.
Amount in 2002
Value in 2005
$1.00
$1.09
$5.00
$5.43
$10.00
$10.86
$20.00
$21.71
$50.00
$54.28
$100
$109
$500
$543
$1,000
$1,086
$5,000
$5,428
$10,000
$10,856
$100,000
$108,560
$1,000,000
$1,085,603
Inflation by spending category, 2002–2005
Between 2002 and 2005, energy rose the most, up 45.5%, while apparel fell 3.6%, against 8.6% for all items. The headline number is an average; here is what $100 of 2002
spending costs in 2005, by category:
Category
Avg. yearly inflation
$100 in 2002 →
All items (CPI-U)
2.78%
$109
Energy
13.32%
$146
Transportation
4.38%
$114
Medical care
4.21%
$113
Housing
2.77%
$109
Food
2.67%
$108
Core (all items less food & energy)
1.79%
$105
Education & communication
1.76%
$105
Recreation
0.99%
$103
Apparel
-1.22%
$96.37
Year by year: CPI and the value of $100 from 2002
$100 from 2002 had already become $102 by
2003, on its way to $109 in 2005; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 3.4% in 2005, and the smallest rise was 2.3% in 2003.
In 2005, prices rose 3.4% and $100 from 2002 had the buying
power of $109; the year's average CPI of 195.3 is the level
behind every 2005 figure on this page.
Inflation rose to 3.4% in 2005, up from 2.7% in 2004, as gasoline averaged $2.30 a gallon,
compared with $1.88 the year before. Hurricane Katrina made landfall on August 29, and with
Hurricane Rita weeks later it disrupted Gulf Coast refining, pushing the national average
price past $3 in early September. The Federal Reserve raised its policy rate at every meeting,
from 2.25% to 4.25%, to keep energy costs from feeding into other prices. The median household
earned about $46,300, up 4.5% from 2004, but the median new home price rose a further 9%, to
$240,900. In April, Congress passed a bankruptcy law that made it harder to clear debts. A
first-class stamp stayed at 37 cents until January 2006, and the federal minimum wage stayed
at $5.15.
MLA: “Inflation from 2002 to 2005: $100 is worth $109 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2002-to-2005/
APA: InflationCalculator.com. Inflation from 2002 to 2005. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2002-to-2005/