# $32,503 in 2001 is worth$33,769.35 in 2003

$32,503 in 2001 has the same purchasing power as$33,769.35 in 2003. Over the 2 years this is a change of $1,266.35. The average inflation rate of the dollar between 2001 and 2003 was 2.24% per year. The cumulative price increase of the dollar over this time was 3.90%. ## The value of$32,503 from 2001 to 2003

So what does this data mean? It means that the prices in 2003 are 337.69 higher than the average prices since 2001. A dollar in 2003 can buy 96.25% of what it could buy in 2001.

We can look at the buying power equivalent for $32,503 in 2001 to see how much you would need to adjust for in order to beat inflation. For 2001 to 2003, if you started with$32,503 in 2001, you would need to have $33,769.35 in 2001 to keep up with inflation rates. So if we are saying that$32,503 is equivalent to $33,769.35 over time, you can see the core concept of inflation in action. The "real value" of a single dollar decreases over time. It will pay for fewer items at the store than it did previously. In the chart below you can see how the value of the dollar is worth less over 2 years. ## Value of$32,503 Over Time

In the table below we can see the value of the US Dollar over time. According to the BLS, each of these amounts are equivalent in terms of what that amount could purchase at the time.

Year Dollar Value Inflation Rate
2001 $32,503.00 2.85% 2002$33,016.88 1.58%