According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 2.11% per year. Prices in 2018 are 48.8% higher than prices in 1999.
In other words, $28 in the year 1999 is equivalent in purchasing power to $41.66 in 2018, a difference of $13.66 over 19 years.
|Cumulative price change||48.79%|
|Average inflation rate||2.11%|
|Price difference ($28 base)||$13.66|
|CPI in 1999||166.6|
|CPI in 2018||247.867|
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: “$28 in 1999 → 2018 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 15 Feb. 2018, http://www.in2013dollars.com/1999-dollars-in-2018?amount=28.