U.S. inflation rate in 1999: 2.21%

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U.S. Inflation Rate, 1999-2017 ($1)

The consumer price index (CPI) in 1999 was 166.6. 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 2.16% per year. Prices in 2017 are 47.0% higher than prices in 1999.

In other words, $1 in the year 1999 is equivalent to $1.47 in 2017, a difference of $0.47 over 18 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 1999 to 2017
Cumulative price change 47.00%
Average inflation rate 2.16%
Price difference ($1 base) $0.47
CPI in 1999 166.6
CPI in 2017 244.786


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Bananas · Baby food · Film and photographic supplies · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 1999

Start with the inflation rate formula:

CPI in 2017 / CPI in 1999 * 1999 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 166.6 in the year 1999 and 244.786 in 2017:

244.786 / 166.6 * $1 = $1.47

$1 in 1999 has the same "purchasing power" as $1.47 in 2017.


News headlines from 1999

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

  • NATO begins its bombardment of Yugoslavia in the Kosovo War marking the first time NATO attacked a sovereign country.
  • 13 killed, 24 injured in the Columbine High School Massacre.
  • Slobodan Milosevic and four others are indicted by the International Criminal Tribunal for former Yugoslavia, for war crimes and crimes against humanity committed in Kosovo.

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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