$1 in 2000 is worth $0.97 in 1999

Value of $1 from 2000 to 1999

$1 in 2000 is equivalent in purchasing power to about $0.97 in 1999. The dollar had an average inflation rate of 3.36% per year between 1999 and 2000, producing a cumulative price increase of -3.25%.

This means that prices in 1999 are 3.25% lower than average prices since 2000, according to the Bureau of Labor Statistics consumer price index.

The 1999 inflation rate was 2.21%. The inflation rate in 2000 was 3.36%. The 2000 inflation rate is higher compared to the average inflation rate of 1.99% per year between 2000 and 2021.


Inflation from 2000 to 1999
Average inflation rate 3.36%
Converted amount ($1 base) $0.97
Price difference ($1 base) $-0.03
CPI in 2000 172.200
CPI in 1999 166.600
Inflation in 1999 2.21%
Inflation in 2000 3.36%
$1 in 2000 $0.97 in 1999

USD Inflation since 1913
Annual Rate, the Bureau of Labor Statistics CPI
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Inflation by City

Inflation can vary widely by city, even within the United States. Here's how some cities fared in 2000 to 1999 (figures shown are purchasing power equivalents of $1):

San Diego, California experienced the highest rate of inflation during the 1 years between 1999 and 2000 (6.49%).

Philadelphia, Pennsylvania experienced the lowest rate of inflation during the 1 years between 1999 and 2000 (2.67%).

Note that some locations showing 0% inflation may have not yet reported latest data.


Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 2000 would be equivalent to £0.97 in 1999, an absolute change of £-0.03 and a cumulative change of -2.87%.

In Canada, CA$1.00 in 2000 would be equivalent to CA$0.97 in 1999, an absolute change of CA$-0.03 and a cumulative change of -3.10%.

Compare these numbers to the US's overall absolute change of $-0.03 and total percent change of -3.25%.


Inflation by Spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. Breaking down these categories helps explain the main drivers behind price changes. This chart shows the average rate of inflation for select CPI categories between 2000 and 1999.

Compare these values to the overall average of 3.36% per year:

Category Avg Inflation (%) Total Inflation (%) $1 in 1999 → 2000
Food and beverages 2.31 2.31 1.02
Housing 3.46 3.46 1.03
Apparel -1.31 -1.31 0.99
Transportation 6.18 6.18 1.06
Medical care 4.06 4.06 1.04
Recreation 1.31 1.31 1.01
Education and communication 1.28 1.28 1.01
Other goods and services 4.96 4.96 1.05

For all these visualizations, it's important to note that not all categories may have been tracked since 2000. This table and charts use the earliest available data for each category.



How to Calculate Inflation Rate for $1, 1999 to 2000

Our calculations use the following inflation rate formula to calculate the change in value between 1999 and 2000:

CPI in 1999 CPI in 2000
×
2000 USD value
=
1999 USD value

Then plug in historical CPI values. The U.S. CPI was 172.2 in the year 2000 and 166.6 in 1999:

166.6172.2
×
$1
=
$0.97

$1 in 2000 has the same "purchasing power" or "buying power" as $0.97 in 1999.

To get the total inflation rate for the 1 years between 1999 and 2000, we use the following formula:

CPI in 1999 - CPI in 2000CPI in 2000
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

166.6 - 172.2172.2
×
100
=
-3%

Alternate Measurements of Inflation

The above data describe the CPI for all items. Also of note is the Core CPI, which measures inflation for all items except for the more volatile categories of food and energy. Core inflation averaged 2.43% per year between 2000 and 1999 (vs all-CPI inflation of 3.36%), for an inflation total of 2.43%.

When using the core inflation measurement, $1 in 2000 is equivalent in buying power to $1.02 in 1999, a difference of $0.02. Recall that for All Items, the converted amount is $0.97 with a difference of $-0.03.

In 2000, core inflation was 2.08%.


News headlines from 1999

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

  • Steve Ballmer becomes CEO of Microsoft after Bill Gates steps down.
  • Dot-com bubble bursts after NASDAQ Composite stock market index peaks.
  • George Bush becomes President of the U.S. in a disputed election that is eventually resolved by the Supreme Court.
  • Gisborne, New Zealand becomes the first city to enter the new millennium.

Data Source & Citation

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: “$1 in 2000 → 1999 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 22 Jan. 2021, https://www.officialdata.org/us/inflation/2000?amount=1&endYear=1999.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Inflation from 2000 to 1999
Average inflation rate 3.36%
Converted amount ($1 base) $0.97
Price difference ($1 base) $-0.03
CPI in 2000 172.200
CPI in 1999 166.600
Inflation in 1999 2.21%
Inflation in 2000 3.36%
$1 in 2000 $0.97 in 1999