$100 in 2002 is worth $174 in 2024,
because prices increased 74.4% over that period, an average of
2.56% a year.
$100 in 2002 has
the same buying power as
$174
in 2024
Detailed inflation statistics
Cumulative price change
74.4%
Average inflation rate
2.56% per year
Converted amount ($100 base)
$174
Price difference ($100 base)
$74.37
CPI in 2002
179.9
CPI in 2024
313.689
Inflation in 2002
1.58%
Inflation in 2024
2.95%
$100 in 2002 → 2024
$174
$100 in 2024 → 2002
$57.35
What happened to prices between 2002 and 2024
Between 2002 and 2024, the Consumer Price Index went from 179.9 to 313.689.
Cumulatively, prices increased 74.4%, which works out to an average of
2.56% per year. Put differently, a dollar in 2002 bought what
$0.57 buys in 2024: the 2002 dollar
lost 42.7% of its purchasing power over
these 22 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 2024 at the same ratio, 1.74: $1,000 becomes
$1,744, and $10,000 becomes $17,437.
Amount in 2002
Value in 2024
$1.00
$1.74
$5.00
$8.72
$10.00
$17.44
$20.00
$34.87
$50.00
$87.18
$100
$174
$500
$872
$1,000
$1,744
$5,000
$8,718
$10,000
$17,437
$100,000
$174,369
$1,000,000
$1,743,685
Inflation by spending category, 2002–2024
Between 2002 and 2024, energy rose the most, up 129.7%, while apparel rose the least, up 6.0%, against 74.4% for all items. The headline number is an average; here is what $100 of 2002
spending costs in 2024, by category:
Category
Avg. yearly inflation
$100 in 2002 →
All items (CPI-U)
2.56%
$174
Energy
3.85%
$230
Medical care
3.14%
$197
Food
2.90%
$187
Housing
2.84%
$185
Transportation
2.63%
$177
Core (all items less food & energy)
2.37%
$167
Education & communication
1.39%
$135
Recreation
1.20%
$130
Apparel
0.27%
$106
Decade by decade: 2002 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 2002–2024 change:
Years
Avg. yearly inflation
Price change
$100 from 2002, at end
2002–2010
2.43%
21.2%
$121
2010–2020
1.73%
18.7%
$144
2020–2024
4.93%
21.2%
$174
Year by year: CPI and the value of $100 from 2002
$100 from 2002 had already become $129 by
2013, on its way to $174 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 2002 had the buying
power of $174; 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 2002 to 2024: $100 is worth $174 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2002-to-2024/
APA: InflationCalculator.com. Inflation from 2002 to 2024. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2002-to-2024/