# \$28 in 1999 → \$41.94 in 2018

## Inflation Calculator

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### U.S. Inflation Rate, 1999-2018 (\$28)

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 2.15% per year. Prices in 2018 are 49.8% higher than prices in 1999.

In other words, \$28 in the year 1999 is equivalent in purchasing power to \$41.94 in 2018, a difference of \$13.94 over 19 years.

Compared to last year's annual rate, the inflation rate in 2018 is now 1.95%1. If this number holds, \$28 today would be equivalent to \$28.55 next year. The current inflation rate page gives more detail on the latest official inflation rates.

 Cumulative price change 49.79% Average inflation rate 2.15% Price difference (\$28 base) \$13.94 CPI in 1999 166.6 CPI in 2018 249.554

#### Inflation rates for specific categories

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S&P 500 price · S&P 500 earnings · Shiller P/E

### How to calculate the inflation rate for \$28 since 1999

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 1999 * 1999 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 166.6 in the year 1999 and 249.554 in 2018:

249.554 / 166.6 * \$28 = \$41.94

\$28 in 1999 has the same "purchasing power" as \$41.94 in 2018.