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.
|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|
Politics and news often play an important role in economic performance.
Inflation Data Source: 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.