$100 in 1998 → $145.41 in 2015

👉 You may be interested in Inflation from 1998 to 2018

U.S. Inflation Rate, $100 in 1998 to 2015

According to the Bureau of Labor Statistics consumer price index, prices in 2015 are 45.41% higher than prices in 1998. The dollar experienced an average inflation rate of 2.23% per year during this period.

In other words, $100 in 1998 is equivalent in purchasing power to $145.41 in 2015, a difference of $45.41 over 17 years.

The 1998 inflation rate was 1.56%. The inflation rate in 2015 was 0.12%. The 2015 inflation rate is lower compared to the average inflation rate of 2.08% per year between 2015 and 2018.


Inflation from 1998 to 2015
Cumulative price change 45.41%
Average inflation rate 2.23%
Converted amount ($100 base) $145.41
Price difference ($100 base) $45.41
CPI in 1998 163
CPI in 2015 237.017
Inflation in 1998 1.56%
Inflation in 2015 0.12%


U.S. Inflation since 1913
Annual Rate, U.S. Bureau of Labor Statistics CPI

Buying power of $100 since 1998

This chart shows calculations of buying power equivalence over time for $100 in 1998 (price index tracking began in 1635).

According to the Bureau of Labor Statistics, each of these USD amounts below is equal in terms of what it could buy at the time:

Year USD Value Inflation Rate
1998 $100.00 1.56%
1999 $102.21 2.21%
2000 $105.64 3.36%
2001 $108.65 2.85%
2002 $110.37 1.58%
2003 $112.88 2.28%
2004 $115.89 2.66%
2005 $119.82 3.39%
2006 $123.68 3.23%
2007 $127.20 2.85%
2008 $132.09 3.84%
2009 $131.62 -0.36%
2010 $133.78 1.64%
2011 $138.00 3.16%
2012 $140.86 2.07%
2013 $142.92 1.46%
2014 $145.24 1.62%
2015 $145.41 0.12%
2016 $147.24 1.26%
2017 $150.38 2.13%
2018 $154.69 2.87%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

Inflation by City

Inflation can vary widely by city, even within the United States. Here's how some cities fared in 1998 to 2015 (figures shown are purchasing power equivalents of $100):

San Diego, California experienced the highest rate of inflation during the 17 years between 1998 and 2015 (4.13%).

Detroit, Michigan experienced the lowest rate of inflation during the 17 years between 1998 and 2015 (1.87%).


Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £100.00 in 1998 would be equivalent to £158.73 in 2015, an absolute change of £58.73 and a cumulative change of 58.73%.

In Canada, CA$100.00 in 1998 would be equivalent to CA$138.55 in 2015, an absolute change of CA$38.55 and a cumulative change of 38.55%.

Compare these numbers to the US's overall absolute change of $45.41 and total percent change of 45.41%.


Inflation by Spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. This chart shows the average rate of inflation for select CPI categories between 1998 and 2015.

Compare these values to the overall average of 2.23% per year:

Category Avg Inflation (%) Total Inflation (%) $100 in 1998 → 2015
Food 2.57 53.86 153.86
Shelter 2.54 53.10 153.10
Energy 4.07 96.92 196.92
Apparel -0.32 -5.35 94.65
New vehicles 0.15 2.58 102.58
Used cars and trucks -0.14 -2.31 97.69
Transportation services 2.61 54.88 154.88
Medical care services 3.94 92.94 192.94
Medical care commodities 2.80 59.87 159.87

It's important to note that not all categories may be tracked since 1998. This table and visualization use the earliest available data for each category.



How to Calculate Inflation Rate for $100, 1998 to 2015

This inflation calculator uses the following inflation rate formula:

CPI in 2015CPI in 1998
×
1998 USD value
=
2015 USD value

Then plug in historical CPI values. The U.S. CPI was 163 in the year 1998 and 237.017 in 2015:

237.017163
×
$100
=
$145.41

$100 in 1998 has the same "purchasing power" or "buying power" as $145.41 in 2015.

To get the total inflation rate for the 17 years between 1998 and 2015, we use the following formula:

CPI in 2015 - CPI in 1998CPI in 1998
×
100
=
Cumulative inflation rate (17 years)

Plugging in the values to this equation, we get:

237.017 - 163163
×
100
=
45%

Alternate Measurements of Inflation

The above data describe the CPI for all items. Also of note is the Core CPI, which measures inflation for all items except for the more volatile categories of food and energy. Core inflation averaged 1.99% per year between 1998 and 2015 (vs all-CPI inflation of 2.23%), for an inflation total of 39.72%.

When using the core inflation measurement, $100 in 1998 is equivalent in buying power to $139.72 in 2015, a difference of $39.72. Recall that for All Items, the converted amount is $145.41 with a difference of $45.41.

In 1998, core inflation was 2.29%.


Comparison to S&P 500 Index

The average inflation rate of 2.23% during these years has a compounding effect. As noted above, this yearly inflation rate produces an overall price difference of 45.41% over 17 years.

To help put this inflation into perspective, if you had invested $100 in the S&P 500 index in 1998, your investment would be worth approximately $275.71 in 2015. This is a change of 175.71%.

This means the nominal return on a $100 investment is $175.71, but inflation would eat into your real returns.

Inflation would account for 31.23% of your returns ($54.87), for an inflation-adjusted real return of about $120.84.


News headlines from 1998

Politics and news often influence economic performance. Here's what was happening at the time:

  • Osama Bin Laden declares a Jihad against Jews and Crusaders.
  • The Good Friday Agreement is accepted in a referendum in Northern Ireland.
  • President of the US Bill Clinton admits that he had an "improper physical relationship" with an intern and then denied it in the same day. The event has come to be known as the Monica Lewinsky scandal.

Data Source & Citation

Raw data for these calculations comes from the Bureau of Labor Statistics' (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: “1998 dollars in 2015 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 17 Oct. 2018, https://www.officialdata.org/1998-dollars-in-2015.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


© 2018 Official Data Foundation / Alioth LLC. Contact