What was 2 cents worth?
What is used to determine inflation?
The government calculates a variety of prices,
such as milk, bread, a new car, an apartment, etc, and creates the Consumer Price Index (CPI). This is a number
to calculate how the cost of living in the United States has changed every year. To find how much 2 cents
is worth today, find the CPI in the current year and divide it by the CPI in the starting year. Then multiply it
by 2 cents.
Browse the year below to calculate the value of 2 cents between two years. In
general, inflation goes up every year. Some things, like education and health care, have increased
by a lot. Others, like technology, have gone down.