$100 in 2001 is worth $117 in 2007,
because prices increased 17.1% over that period, an average of
2.66% a year.
$100 in 2001 has
the same buying power as
$117
in 2007
Detailed inflation statistics
Cumulative price change
17.1%
Average inflation rate
2.66% per year
Converted amount ($100 base)
$117
Price difference ($100 base)
$17.08
CPI in 2001
177.1
CPI in 2007
207.342
Inflation in 2001
2.85%
Inflation in 2007
2.85%
$100 in 2001 → 2007
$117
$100 in 2007 → 2001
$85.41
What happened to prices between 2001 and 2007
Between 2001 and 2007, the Consumer Price Index went from 177.1 to 207.342.
Cumulatively, prices increased 17.1%, which works out to an average of
2.66% per year. Put differently, a dollar in 2001 bought what
$0.85 buys in 2007: the 2001 dollar
lost 14.6% of its purchasing power over
these 6 years.
Inflation fell to 2.8% in 2001 from 3.4% the year before, as a recession that began in March
cut demand and gasoline slid to an average of $1.46 a gallon. The median household earned about
$42,200, roughly flat from 2000, and a new home cost about $175,200. The Federal Reserve cut its
policy rate 11 times over the year, from 6.5% to 1.75%, the lowest since 1961. After the
September 11 attacks, U.S. stock markets closed for four trading days, and air travel dropped
sharply until the following year. Congress had already passed a $1.35 trillion tax cut in June,
which included rebate checks of up to $600. The National Bureau of Economic Research dates the
recession’s end at November, but unemployment kept rising into 2003. A first-class stamp went to
34 cents in January, and the federal minimum wage stayed at $5.15. The Fed’s cuts were the
first step in a long period of very cheap borrowing that would fuel the housing boom.
Every 2001 amount converts to 2007 at the same ratio, 1.17: $1,000 becomes
$1,171, and $10,000 becomes $11,708.
Amount in 2001
Value in 2007
$1.00
$1.17
$5.00
$5.85
$10.00
$11.71
$20.00
$23.42
$50.00
$58.54
$100
$117
$500
$585
$1,000
$1,171
$5,000
$5,854
$10,000
$11,708
$100,000
$117,076
$1,000,000
$1,170,762
Inflation by spending category, 2001–2007
Between 2001 and 2007, energy rose the most, up 60.7%, while apparel fell 6.5%, against 17.1% for all items. The headline number is an average; here is what $100 of 2001
spending costs in 2007, by category:
Category
Avg. yearly inflation
$100 in 2001 →
All items (CPI-U)
2.66%
$117
Energy
8.22%
$161
Medical care
4.29%
$129
Transportation
3.04%
$120
Housing
2.91%
$119
Food
2.68%
$117
Education & communication
2.16%
$114
Core (all items less food & energy)
2.09%
$113
Recreation
1.01%
$106
Apparel
-1.12%
$93.48
Year by year: CPI and the value of $100 from 2001
$100 from 2001 had already become $107 by
2004, on its way to $117 in 2007; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 3.4% in 2005, and the smallest rise was 1.6% in 2002.
In 2007, prices rose 2.8% and $100 from 2001 had the buying
power of $117; the year's average CPI of 207.342 is the level
behind every 2007 figure on this page.
Inflation was 2.8% in 2007, with gasoline averaging $2.80 a gallon, but the year is better
known for what began underneath prices. In August, French bank BNP Paribas froze funds tied to
U.S. subprime mortgages, and credit between banks tightened. The Federal Reserve responded with
a half-point cut on September 18, its first in four years, and took the policy rate from 5.25% to
4.25% by December. The economy peaked that month, by the National Bureau of Economic Research’s
dating, and the Great Recession followed. The median household earned about $50,200, and the
median new home cost $247,900. Congress ended the decade-long freeze on the federal minimum wage
in May, with the first of three steps to $5.85 in July. A first-class stamp cost 41 cents.
MLA: “Inflation from 2001 to 2007: $100 is worth $117 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2001-to-2007/
APA: InflationCalculator.com. Inflation from 2001 to 2007. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2001-to-2007/