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Inflation calculator - US Dollar

$13,500 in 2000
$15,804.22 in 2006

The inflation rate in the United States between 2000 and 2006 was 17.07%, which translates into a total increase of $2,304.22. This means that 13,500 dollars in 2000 are equivalent to 15,804.22 dollars in 2006. In other words, the purchasing power of $13,500 in 2000 equals $15,804.22 in 2006. The average annual inflation rate between these periods was 2.66%.

Inflation timeline in the United States (2000 - 2006)

The following chart depicts the equivalence of $13,500 due to compound inflation and CPI changes. All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

$16k$16k$15.5k$15.5k$15k$15k$14.5k$14.5k$14k$14k$13.5k$13.5k200020002001200120022002200320032004200420052005

All calculations are performed in the local currency (USD) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation from 2000 to 2006 17.07%
Avg. Annual inflation from 2000 to 2006 2.66%
CPI 2000 172.2
CPI 2006 201.59

How to calculate the time value of money with inflation data?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 2000 and 2006, use the corresponding CPI values:

Value2006
=Value2000 ×
CPI2006/CPI2000
=$ 13,500 ×
201.59/172.2
$15,804.22

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: FV = PV × (1 + i)n, where:

  • FV: Future Value
  • PV: Present Value
  • i: Interest rate (inflation)
  • n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are $13,500 worth today. There are 6 years between 2000 and 2006 and the average inflation rate was 2.6613%. Therefore, we can resolve the formula like this:

Value2006
=PV × (1 + i)n
=$13,500 × (1 + 0.026613)6
$15,804.22

US inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 2000 $1.17 dollars in 2006
$5 dollars in 2000 $5.85 dollars in 2006
$10 dollars in 2000 $11.71 dollars in 2006
$50 dollars in 2000 $58.53 dollars in 2006
$100 dollars in 2000 $117.07 dollars in 2006
$500 dollars in 2000 $585.34 dollars in 2006
$1,000 dollars in 2000 $1,170.68 dollars in 2006
$5,000 dollars in 2000 $5,853.42 dollars in 2006
$10,000 dollars in 2000 $11,706.83 dollars in 2006
$50,000 dollars in 2000 $58,534.17 dollars in 2006
$100,000 dollars in 2000 $117,068.33 dollars in 2006
$500,000 dollars in 2000 $585,341.66 dollars in 2006
$1,000,000 dollars in 2000 $1,170,683.31 dollars in 2006
Cumulative inflation 2000-2006 17.07%
Avg. annual inflation 2000-2006 2.66%
CPI 2000 172.2
CPI 2006 201.59

Value of Dollar over time (by year)

Period Value
2000 13,500
2001 13,881.53
2002 14,101.7
2003 14,421.82
2004 14,807.93
2005 15,310.32
2006 15,804.22

All available years

Today's value of US dollars by year:

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