U.S. inflation rate in 2002: 1.58%

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U.S. Inflation Rate, 2002-2017 ($1)

The consumer price index (CPI) in 2002 was 179.9. 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 2.07% per year. Prices in 2017 are 36.0% higher than prices in 2002.

In other words, $1 in the year 2002 is equivalent to $1.36 in 2017, a difference of $0.36 over 15 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 2002 to 2017
Cumulative price change 36.00%
Average inflation rate 2.07%
Price difference ($1 base) $0.36
CPI in 2002 179.9
CPI in 2017 244.786


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Bananas · Gasoline (all types) · Indoor plants and flowers · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 2002

Start with the inflation rate formula:

CPI in 2017 / CPI in 2002 * 2002 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 179.9 in the year 2002 and 244.786 in 2017:

244.786 / 179.9 * $1 = $1.36

$1 in 2002 has the same "purchasing power" as $1.36 in 2017.


News headlines from 2002

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

  • United States deploys conventional forces as part of Operation Anaconda during the US invasion of Afghanistan.
  • Jimmy Carter visits Cuba, marking the first time an American president has visited the Island since 1959.
  • It is announced that Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia, and Slovenia will become members of the European Union from May 1, 2004.

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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