According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 2.13% per year. Prices in 2017 are 52.5% higher than prices in 1997.
In other words, $20 in the year 1997 is equivalent in purchasing power to $30.50 in 2017, a difference of $10.50 over 20 years.
The inflation rate in 2017 was 1.99%.
|Cumulative price change||52.50%|
|Average inflation rate||2.13%|
|Price difference ($20 base)||$10.50|
|CPI in 1997||160.5|
|CPI in 2017||244.786|
Politics and news often influence economic performance. Here's what was happening at the time:
Raw data for these calculations comes from the Bureau of Labor Statistics' 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.
You may use the following MLA citation for this page: “$20 in 1997 → 2017 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 14 Mar. 2018, http://www.in2013dollars.com/1997-dollars-in-2017?amount=20.