U.S. inflation · 2003–2024
$100 in 2003 has the same buying power as
$170
in 2024
| Cumulative price change | 70.5% |
|---|---|
| Average inflation rate | 2.57% per year |
| Converted amount ($100 base) | $170 |
| Price difference ($100 base) | $70.48 |
| CPI in 2003 | 184 |
| CPI in 2024 | 313.689 |
| Inflation in 2003 | 2.28% |
| Inflation in 2024 | 2.95% |
| $100 in 2003 → 2024 | $170 |
| $100 in 2024 → 2003 | $58.66 |
Between 2003 and 2024, the Consumer Price Index went from 184 to 313.689. Cumulatively, prices increased 70.5%, which works out to an average of 2.57% per year. Put differently, a dollar in 2003 bought what $0.59 buys in 2024.
| Amount in 2003 | Value in 2024 |
|---|---|
| $1.00 | $1.70 |
| $5.00 | $8.52 |
| $10.00 | $17.05 |
| $20.00 | $34.10 |
| $50.00 | $85.24 |
| $100 | $170 |
| $500 | $852 |
| $1,000 | $1,705 |
| $5,000 | $8,524 |
| $10,000 | $17,048 |
| $100,000 | $170,483 |
| $1,000,000 | $1,704,832 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 2003 spending costs in 2024, by category:
| Category | Avg. yearly inflation | $100 in 2003 → |
|---|---|---|
| All items (CPI-U) | 2.57% | $170 |
| Energy | 3.47% | $205 |
| Medical care | 3.10% | $190 |
| Food | 2.93% | $183 |
| Housing | 2.86% | $181 |
| Transportation | 2.61% | $172 |
| Core (all items less food & energy) | 2.42% | $165 |
| Education & communication | 1.37% | $133 |
| Recreation | 1.20% | $129 |
| Apparel | 0.40% | $109 |
| Year | CPI | Inflation rate | $100 from 2003 |
|---|---|---|---|
| 2003 | 184 | 2.3% | $100 |
| 2004 | 188.9 | 2.7% | $103 |
| 2005 | 195.3 | 3.4% | $106 |
| 2006 | 201.6 | 3.2% | $110 |
| 2007 | 207.342 | 2.8% | $113 |
| 2008 | 215.303 | 3.8% | $117 |
| 2009 | 214.537 | -0.4% | $117 |
| 2010 | 218.056 | 1.6% | $119 |
| 2011 | 224.939 | 3.2% | $122 |
| 2012 | 229.594 | 2.1% | $125 |
| 2013 | 232.957 | 1.5% | $127 |
| 2014 | 236.736 | 1.6% | $129 |
| 2015 | 237.017 | 0.1% | $129 |
| 2016 | 240.007 | 1.3% | $130 |
| 2017 | 245.12 | 2.1% | $133 |
| 2018 | 251.107 | 2.4% | $136 |
| 2019 | 255.657 | 1.8% | $139 |
| 2020 | 258.811 | 1.2% | $141 |
| 2021 | 270.97 | 4.7% | $147 |
| 2022 | 292.655 | 8.0% | $159 |
| 2023 | 304.702 | 4.1% | $166 |
| 2024 | 313.689 | 2.9% | $170 |
MLA: “Inflation from 2003 to 2024: $100 is worth $170 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2003-to-2024/
APA: InflationCalculator.com. Inflation from 2003 to 2024. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2003-to-2024/
Source: U.S. Bureau of Labor Statistics, CPI-U annual averages (series CUUR0000SA0; category indexes listed on the data sources page). See how these numbers are calculated.