$100 in 2003 is worth $106 in 2005,
because prices increased 6.1% over that period, an average of
3.02% a year.
$100 in 2003 has
the same buying power as
$106
in 2005
Detailed inflation statistics
Cumulative price change
6.1%
Average inflation rate
3.02% per year
Converted amount ($100 base)
$106
Price difference ($100 base)
$6.14
CPI in 2003
184
CPI in 2005
195.3
Inflation in 2003
2.28%
Inflation in 2005
3.39%
$100 in 2003 → 2005
$106
$100 in 2005 → 2003
$94.21
What happened to prices between 2003 and 2005
Between 2003 and 2005, the Consumer Price Index went from 184 to 195.3.
Cumulatively, prices increased 6.1%, which works out to an average of
3.02% per year. Put differently, a dollar in 2003 bought what
$0.94 buys in 2005: the 2003 dollar
lost 5.8% of its purchasing power over
these 2 years.
Inflation was 2.3% in 2003, up from 1.6% in 2002, as gasoline climbed from $1.36 to $1.59 a
gallon around the March invasion of Iraq. Even so, the Federal Reserve spent the year worried
about prices being too low: on June 25 it cut its policy rate to 1.0%, the lowest since 1958,
and said the risk of deflation, though small, deserved a response. The median household earned
about $43,300 and a new home cost roughly $195,000. Congress passed a second round of tax cuts
in May, and the economy grew faster in the second half of the year than at any point since
1999. Hiring lagged the recovery, and unemployment peaked at 6.3% in June. A first-class stamp
stayed at 37 cents and the federal minimum wage at $5.15.
Every 2003 amount converts to 2005 at the same ratio, 1.06: $1,000 becomes
$1,061, and $10,000 becomes $10,614.
Amount in 2003
Value in 2005
$1.00
$1.06
$5.00
$5.31
$10.00
$10.61
$20.00
$21.23
$50.00
$53.07
$100
$106
$500
$531
$1,000
$1,061
$5,000
$5,307
$10,000
$10,614
$100,000
$106,141
$1,000,000
$1,061,413
Inflation by spending category, 2003–2005
Between 2003 and 2005, energy rose the most, up 29.7%, while apparel fell 1.2%, against 6.1% for all items. The headline number is an average; here is what $100 of 2003
spending costs in 2005, by category:
Category
Avg. yearly inflation
$100 in 2003 →
All items (CPI-U)
3.02%
$106
Energy
13.91%
$130
Transportation
5.04%
$110
Medical care
4.30%
$109
Food
2.93%
$106
Housing
2.91%
$106
Core (all items less food & energy)
1.97%
$104
Education & communication
1.76%
$104
Recreation
0.88%
$102
Apparel
-0.58%
$98.84
Year by year: CPI and the value of $100 from 2003
$100 from 2003 had already become $103 by
2004, on its way to $106 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 2.7% in 2004.
In 2005, prices rose 3.4% and $100 from 2003 had the buying
power of $106; 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 2003 to 2005: $100 is worth $106 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2003-to-2005/
APA: InflationCalculator.com. Inflation from 2003 to 2005. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2003-to-2005/