U.S. inflation rate in 1997: 2.29%

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U.S. Inflation Rate, 1997-2017 ($1)

The consumer price index (CPI) in 1997 was 160.5. the Bureau of Labor Statistics uses this CPI value to track inflation on a monthly basis.

According to the Bureau of Labor Statistics, the dollar experienced an average inflation rate of 2.15% per year. Prices in 2017 are 53.0% higher than prices in 1997.

In other words, $1 in the year 1997 is equivalent to $1.53 in 2017, a difference of $0.53 over 20 years.

The current inflation rate in 2017 is 1.99%1. If this number holds, $1 today will be equivalent to $1.02 next year.

Inflation from 1997 to 2017
Cumulative price change 53.00%
Average inflation rate 2.15%
Price difference ($1 base) $0.53
CPI in 1997 160.5
CPI in 2017 244.786


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Wine at home · Hospital services · Gasoline (all types) · More

Inflation-adjusted measures

S&P 500 price · S&P 500 earnings · Shiller P/E

How to calculate the inflation rate for $1 since 1997

Start with the inflation rate 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 244.786 in 2017:

244.786 / 160.5 * $1 = $1.53

The "purchasing power" of $1 from 1997 is $1.53 in 2017.


News headlines from 1997

Politics and news often play an important role in economic performance.

  • Production, stockpiling and use of chemical weapons is outlawed as the Chemical Weapons Convention of 1993 comes into force.
  • The British lease of the New Territories in Hong Kong expires.
  • Diana, Princess of Wales, dies in a car crash in Paris,.
  • Hong Kong begins slaughtering chickens to prevent bird flu,.

Inflation Data Source: 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.


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