The consumer price index (CPI) in 2004 was 188.9. 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 2.04% per year. Prices in 2017 are 30.0% higher than prices in 2004.
In other words, $1 in the year 2004 is equivalent to $1.30 in 2017, a difference of $0.30 over 13 years.
|Cumulative price change||30.00%|
|Average inflation rate||2.04%|
|Price difference ($1 base)||$0.30|
|CPI in 2004||188.9|
|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.