U.S. inflation rate in 2004: 2.66%

Inflation Calculator

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U.S. Inflation Rate, 2004-2018 ($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 consumer price index, the dollar experienced an average inflation rate of 1.95% per year. Prices in 2018 are 31.0% higher than prices in 2004.

In other words, $1 in the year 2004 is equivalent in purchasing power to $1.31 in 2018, a difference of $0.31 over 14 years.

The current inflation rate in 2018 is 0.77%1. If this number holds, $1 today will be equivalent to $1.01 next year.

Inflation from 2004 to 2018
Cumulative price change 31.00%
Average inflation rate 1.95%
Price difference ($1 base) $0.31
CPI in 2004 188.9
CPI in 2018 246.669


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Rent of primary residence · Wine at home · Educational books and supplies · 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 2018 / CPI in 2004 * 2004 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 188.9 in the year 2004 and 246.669 in 2018:

246.669 / 188.9 * $1 = $1.31

$1 in 2004 has the same "purchasing power" as $1.31 in 2018.


News headlines from 2004

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

  • 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

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 2004 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 17 Jan. 2018, http://www.in2013dollars.com/inflation-rate-in-2004.


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