The U.S. dollar experienced an average inflation rate of 2.13% per year between 1997 and 2017. $100 in the year 1997 is worth $152.35 in 2017.
The current inflation rate in 2017 is 1.88%1.
How to calculate inflation since 1997
Start with the CPI inflation formula:
CPI in 2017 / CPI in 1997 * 1997 USD value = 2017 USD value
Then plug in historical CPI values. The U.S. CPI was 160.5 in the year 1997 and 244.524 in 2017:
244.524 / 160.5 * $100 = $152.35
The "purchasing power" of $100 from 1997 is $152.35 in 2017.
News headlines from 1997
Politics and news often play an important role in economic performance.
Inflation Data Source: The Bureau of Labor Statistics' annual Consumer Price Index (CPI), established in 1913. Inflation data from 1665 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University.