U.S. inflation rate in 2004: 2.66%

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U.S. Inflation Rate, 2004-2017 ($1)

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.

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 2004 to 2017
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


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Fish and seafood · College tuition and fees · Legal 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 2004

Start with the inflation rate formula:

CPI in 2017 / CPI in 2004 * 2004 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 188.9 in the year 2004 and 244.786 in 2017:

244.786 / 188.9 * $1 = $1.30

$1 in 2004 has the same "purchasing power" as $1.30 in 2017.


News headlines from 2004

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

  • The Humanitarian Ceasefire Agreement is signed by the Sudanese government and two rebel groups.
  • Massachusetts becomes the first United States state to legalize same-sex marriage.
  • The Indonesian elections are won by Susilo Bambang Yudhoyono.

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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