\$28 in 1999 → \$41.66 in 2018

Inflation Calculator

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U.S. Inflation Rate, 1999-2018 (\$28)

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.

The current inflation rate in 2018 is 1.26%1. If this number holds, \$28 today will be equivalent to \$28.35 next year.

 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

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How to calculate the inflation rate for \$28 since 1999

CPI in 2018 / CPI in 1999 * 1999 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 166.6 in the year 1999 and 247.867 in 2018:

247.867 / 166.6 * \$28 = \$41.66

\$28 in 1999 has the same "purchasing power" as \$41.66 in 2018.