U.S. inflation rate in 2003: 2.28%

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U.S. Inflation Rate, 2003-2017 ($1)

The consumer price index (CPI) in 2003 was 184. 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 2.06% per year. Prices in 2017 are 33.0% higher than prices in 2003.

In other words, $1 in the year 2003 is equivalent to $1.33 in 2017, a difference of $0.33 over 14 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 2003 to 2017
Cumulative price change 33.00%
Average inflation rate 2.06%
Price difference ($1 base) $0.33
CPI in 2003 184
CPI in 2017 244.786


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Housing · Indoor plants and flowers · New trucks · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 2003

Start with the inflation rate formula:

CPI in 2017 / CPI in 2003 * 2003 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 184 in the year 2003 and 244.786 in 2017:

244.786 / 184 * $1 = $1.33

The "purchasing power" of $1 from 2003 is $1.33 in 2017.


News headlines from 2003

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

  • Despite a lack of support from the United Nations, a coalition lead by America and Britain invades Iraq.
  • Baghdad falls, ending the invasion of Iraq.
  • 10 new members are admitted to the European Union after signing the Treaty of Accession in Athens.

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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