$20 in 2003 → $27.13 in 2018

Inflation Calculator

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U.S. Inflation Rate, 2003-2018 ($20)

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 2.05% per year. Prices in 2018 are 35.7% higher than prices in 2003.

In other words, $20 in the year 2003 is equivalent in purchasing power to $27.13 in 2018, a difference of $7.13 over 15 years.

Compared to last year's annual rate, the inflation rate in 2018 is now 1.95%1. If this number holds, $20 today would be equivalent to $20.39 next year. The current inflation rate page gives more detail on the latest official inflation rates.

Inflation from 2003 to 2018
Cumulative price change 35.65%
Average inflation rate 2.05%
Price difference ($20 base) $7.13
CPI in 2003 184
CPI in 2018 249.554


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Bananas · Hospital services · New cars · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $20 since 2003

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 2003 * 2003 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 184 in the year 2003 and 249.554 in 2018:

249.554 / 184 * $20 = $27.13

$20 in 2003 has the same "purchasing power" as $27.13 in 2018.


News headlines from 2003

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

  • Despite a lack of support from the United Nations, a coalition lead by America and Britain invades Iraq.
  • Baghdad falls, ending the invasion of Iraq.
  • 10 new members are admitted to the European Union after signing the Treaty of Accession in Athens.

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: “$20 in 2003 → 2018 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 18 May. 2018, https://www.officialdata.org/2003-dollars-in-2018?amount=20.


» Read more about inflation.