The Impact of Inflation on value of $20 from 2001 to 2024
In 1913 the price of $20 is approximately equal to $35.05 in 2024. Prices changed by 2.50% (or $0.65) per year on average during that period. It means that every purchase will cost you 1.75 times as much.
Inflation is a powerful force that can erode the purchasing power of money over time. For anyone curious about the value of $20 in 2001 and what it would be worth in 2024, this page provides a detailed analysis using the cumulative price change, average inflation rate, and other key financial indicators.
How Much is $20 in 2001 Worth Today?
- Converted Amount: The $20 from 2001, adjusted for inflation, would be equivalent to $35.05 in 2024.
- Cumulative Price Change: Over this period, the cumulative price change has been 75.24%.
- Average Inflation Rate: The average annual inflation rate between 2001 and 2024 has been 2.50%.
| Cumulative price change | 75.24% |
| Average inflation rate | 2.50% |
| Converted amount | 35.05 |
| Price difference | 15.05 |
| CPI in 2001 | 177.1 |
| CPI in 2024 | 310.358 |
| Inflation in 2001 | 2.85% |
| Inflation in 2024 | 1.86% |
| 20 in 2001 | 35.05 in 2024 |
Key Financial Indicators:
Consumer Price Index (CPI) Comparison
- CPI in 2001: 177.1
- CPI in 2024: 310.358
Inflation Rate at 2001 and 2024
- Inflation in 2001: 2.85%
- Inflation in 2024: 1.86%
Price Difference
- The price difference between 2001 and 2024 is $15.05.
2001 to 2024 Inflation Calculator
To understand the transformation of $20 from 2001 into 2024 US dollars, consider the following table:
| Year | CPI | Inflation rate | Value in 2024 |
|---|---|---|---|
| 2001 | 177.1 | 2.85% | $20 |
| 2024 | 310.358 | 1.86% | $35.05 |
This table highlights the key figures that affect how the value of money changes over time due to inflation.
Buying Power of $20 in 2001
$20 in the year 2001 is now worth $35.05 in 2024, showing a substantial increase of $15.05 over the years. This change underscores how the average inflation rate of 2.50% annually has eroded the purchasing power of the US dollar.