$100 in 2002 is worth $132 in 2014,
because prices increased 31.6% over that period, an average of
2.31% a year.
$100 in 2002 has
the same buying power as
$132
in 2014
Detailed inflation statistics
Cumulative price change
31.6%
Average inflation rate
2.31% per year
Converted amount ($100 base)
$132
Price difference ($100 base)
$31.59
CPI in 2002
179.9
CPI in 2014
236.736
Inflation in 2002
1.58%
Inflation in 2014
1.62%
$100 in 2002 → 2014
$132
$100 in 2014 → 2002
$75.99
What happened to prices between 2002 and 2014
Between 2002 and 2014, the Consumer Price Index went from 179.9 to 236.736.
Cumulatively, prices increased 31.6%, which works out to an average of
2.31% per year. Put differently, a dollar in 2002 bought what
$0.76 buys in 2014: the 2002 dollar
lost 24.0% of its purchasing power over
these 12 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 2014 at the same ratio, 1.32: $1,000 becomes
$1,316, and $10,000 becomes $13,159.
Amount in 2002
Value in 2014
$1.00
$1.32
$5.00
$6.58
$10.00
$13.16
$20.00
$26.32
$50.00
$65.80
$100
$132
$500
$658
$1,000
$1,316
$5,000
$6,580
$10,000
$13,159
$100,000
$131,593
$1,000,000
$1,315,931
Inflation by spending category, 2002–2014
Between 2002 and 2014, energy rose the most, up 100.2%, while apparel rose the least, up 2.8%, against 31.6% for all items. The headline number is an average; here is what $100 of 2002
spending costs in 2014, by category:
Category
Avg. yearly inflation
$100 in 2002 →
All items (CPI-U)
2.31%
$132
Energy
5.95%
$200
Medical care
3.57%
$152
Transportation
2.92%
$141
Food
2.71%
$138
Housing
2.17%
$129
Education & communication
2.04%
$127
Core (all items less food & energy)
1.87%
$125
Recreation
0.71%
$109
Apparel
0.23%
$103
Decade by decade: 2002 to 2014
Prices climbed fastest in the 2000s, averaging 2.43% a year, and slowest in the 2010s (2.08% a year). Each step below chains into the full 2002–2014 change:
Years
Avg. yearly inflation
Price change
$100 from 2002, at end
2002–2010
2.43%
21.2%
$121
2010–2014
2.08%
8.6%
$132
Year by year: CPI and the value of $100 from 2002
$100 from 2002 had already become $120 by
2008, on its way to $132 in 2014; 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 2014, prices rose 1.6% and $100 from 2002 had the buying
power of $132; the year's average CPI of 236.736 is the level
behind every 2014 figure on this page.
2014 ended with the sharpest oil price drop in years. Consumer prices rose
1.6% for the year, close to 2013’s pace, but the annual figure hid a shift at
the pump: crude oil fell from above $100 a barrel in June to below $60 in
December, and gasoline finished the year near $2.25 a gallon after averaging
$3.37 across 2014. The drop reflected record U.S. shale output, softer
global demand, and OPEC’s decision in November to keep producing.
For households, cheaper fuel arrived just as the labor market strengthened.
Median household income was $53,657, essentially flat on the prior year, and
the median new home sold for about $288,500. The federal minimum wage stayed
at $7.25 for a fifth year, and a first-class stamp rose to 49 cents.
The Federal Reserve ended its bond purchases in October but left its policy
rate at zero. A stronger dollar helped hold down import prices. Because
energy weighs heavily in the CPI, the late-year slide carried into 2015, which
posted the smallest annual increase of the decade.
MLA: “Inflation from 2002 to 2014: $100 is worth $132 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2002-to-2014/
APA: InflationCalculator.com. Inflation from 2002 to 2014. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2002-to-2014/