The consumer price index (CPI) in 2001 was 177.1. 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 2.03% per year. Prices in 2017 are 38.0% higher than prices in 2001.
In other words, $1 in the year 2001 is equivalent to $1.38 in 2017, a difference of $0.38 over 16 years.
|Cumulative price change||38.00%|
|Average inflation rate||2.03%|
|Price difference ($1 base)||$0.38|
|CPI in 2001||177.1|
|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.