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Value of 2001 US Dollars today

$100 in 2001
$176.59 in 2024

The inflation rate in the United States between 2001 and today has been 76.59%, which translates into a total increase of $76.59. This means that 100 dollars in 2001 are equivalent to 176.59 dollars in 2024. In other words, the purchasing power of $100 in 2001 equals $176.59 today. The average annual inflation rate between these periods has been 2.5%.

Inflation timeline in the United States (2001 - 2024)

The following chart depicts the equivalence of $100 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.

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. Today's values were extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 2001-2023 72.08%
Cumulative inflation 2001-today 76.59%
Avg. Annual inflation 2001-2023 2.5%
CPI 2001 74.71
CPI 2023 128.56
CPI 2024-03 (latest official data) 131.78
CPI today 131.93

How to calculate today's value of money after inflation?

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 2001 and 2023, use the corresponding CPI values:

Value2023
=Value2001 ×
CPI2023/CPI2001
=$ 100 ×
128.56/74.71
$172.08

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 131.93:

Valuetoday
=Value2001 ×
CPItoday/CPI2001
=$ 100 ×
131.93/74.71
$176.59

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 $100 worth today. There are 22 years between 2001 and 2023 and the average inflation rate was 2.498%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.02498)22
$172.08

US inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 2001 $1.72 dollars in 2023
$5 dollars in 2001 $8.6 dollars in 2023
$10 dollars in 2001 $17.21 dollars in 2023
$50 dollars in 2001 $86.04 dollars in 2023
$100 dollars in 2001 $172.08 dollars in 2023
$500 dollars in 2001 $860.42 dollars in 2023
$1,000 dollars in 2001 $1,720.83 dollars in 2023
$5,000 dollars in 2001 $8,604.15 dollars in 2023
$10,000 dollars in 2001 $17,208.31 dollars in 2023
$50,000 dollars in 2001 $86,041.53 dollars in 2023
$100,000 dollars in 2001 $172,083.05 dollars in 2023
$500,000 dollars in 2001 $860,415.27 dollars in 2023
$1,000,000 dollars in 2001 $1,720,830.54 dollars in 2023
Cumulative inflation From 2001 76.59%
Avg. annual inflation From 2001 2.5%
CPI 2001 74.71
CPI today 131.93

Value of Dollar over time (by year)

Period Value
2001 100
2002 101.59
2003 103.89
2004 106.67
2005 110.29
2006 113.85
2007 117.1
2008 121.59
2009 121.16
2010 123.15
2011 127.04
2012 129.67
2013 131.56
2014 133.7
2015 133.86
2016 135.55
2017 138.43
2018 141.81
2019 144.38
2020 146.17
2021 153.03
2022 165.28
2023 172.08
2024-03 176.39
Today 176.59

All available years

Today's value of US dollars by year:

1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |

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