U.S. inflation rate in 2002: 1.58%

Inflation Calculator


U.S. Inflation Rate, 2002-2018 ($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 consumer price index, the dollar experienced an average inflation rate of 2.03% per year. Prices in 2018 are 38.0% higher than prices in 2002.

In other words, $1 in the year 2002 is equivalent in purchasing power to $1.38 in 2018, a difference of $0.38 over 16 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 2002 to 2018
Cumulative price change 38.00%
Average inflation rate 2.03%
Price difference ($1 base) $0.38
CPI in 2002 179.9
CPI in 2018 248.991

U.S. inflation from 1913 to 2017

Inflation rates for specific categories

Baby food · Public transportation · Medical care · 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 2018 / CPI in 2002 * 2002 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 179.9 in the year 2002 and 248.991 in 2018:

248.991 / 179.9 * $1 = $1.38

$1 in 2002 has the same "purchasing power" as $1.38 in 2018.

News headlines from 2002

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

  • 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

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 2002 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 25 Apr. 2018, http://www.in2013dollars.com/inflation-rate-in-2002.

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