U.S. inflation rate in 2001: 2.85%

Inflation Calculator

$

U.S. Inflation Rate, 2001-2018 ($1)

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 consumer price index, the dollar experienced an average inflation rate of 2.04% per year. Prices in 2018 are 41.0% higher than prices in 2001.

In other words, $1 in the year 2001 is equivalent in purchasing power to $1.41 in 2018, a difference of $0.41 over 17 years.

The current inflation rate in 2018 is 1.72%1. If this number holds, $1 today will be equivalent to $1.02 next year.

Inflation from 2001 to 2018
Cumulative price change 41.00%
Average inflation rate 2.04%
Price difference ($1 base) $0.41
CPI in 2001 177.1
CPI in 2018 248.991


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

New cars · Televisions · Hospital services · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 2001

Start with the inflation rate formula:

CPI in 2018 / CPI in 2001 * 2001 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 177.1 in the year 2001 and 248.991 in 2018:

248.991 / 177.1 * $1 = $1.41

$1 in 2001 has the same "purchasing power" as $1.41 in 2018.


News headlines from 2001

Politics and news often influence economic performance. Here's what was happening at the time:

  • The Netherlands becomes the first country to legalize same sex marriage.
  • Two passenger planes are hijacked by terrorists who then crash them into New York's Twin Towers, killing 2,752 people.
  • Another plane is crashed into the Pentagon killing 125 people.
  • George W Bush establishes The Department of Homeland Security.

Inflation Data Source

Raw data for these calculations comes from 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.

You may use the following MLA citation for this page: “Inflation Rate in 2001 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 18 Apr. 2018, http://www.in2013dollars.com/inflation-rate-in-2001.


» Read more about inflation.