$100 in 2001 is worth $123 in 2010,
because prices increased 23.1% over that period, an average of
2.34% a year.
$100 in 2001 has
the same buying power as
$123
in 2010
Detailed inflation statistics
Cumulative price change
23.1%
Average inflation rate
2.34% per year
Converted amount ($100 base)
$123
Price difference ($100 base)
$23.13
CPI in 2001
177.1
CPI in 2010
218.056
Inflation in 2001
2.85%
Inflation in 2010
1.64%
$100 in 2001 → 2010
$123
$100 in 2010 → 2001
$81.22
What happened to prices between 2001 and 2010
Between 2001 and 2010, the Consumer Price Index went from 177.1 to 218.056.
Cumulatively, prices increased 23.1%, which works out to an average of
2.34% per year. Put differently, a dollar in 2001 bought what
$0.81 buys in 2010: the 2001 dollar
lost 18.8% of its purchasing power over
these 9 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 2010 at the same ratio, 1.23: $1,000 becomes
$1,231, and $10,000 becomes $12,313.
Amount in 2001
Value in 2010
$1.00
$1.23
$5.00
$6.16
$10.00
$12.31
$20.00
$24.63
$50.00
$61.56
$100
$123
$500
$616
$1,000
$1,231
$5,000
$6,156
$10,000
$12,313
$100,000
$123,126
$1,000,000
$1,231,259
Inflation by spending category, 2001–2010
Between 2001 and 2010, energy rose the most, up 63.5%, while apparel fell 6.1%, against 23.1% for all items. The headline number is an average; here is what $100 of 2001
spending costs in 2010, by category:
Category
Avg. yearly inflation
$100 in 2001 →
All items (CPI-U)
2.34%
$123
Energy
5.62%
$164
Medical care
4.00%
$142
Food
2.68%
$127
Transportation
2.54%
$125
Education & communication
2.37%
$123
Housing
2.29%
$123
Core (all items less food & energy)
1.95%
$119
Recreation
0.86%
$108
Apparel
-0.70%
$93.88
Year by year: CPI and the value of $100 from 2001
$100 from 2001 had already become $110 by
2005, on its way to $123 in 2010; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 3.8% in 2008, and prices fell 0.4% in 2009, the deepest deflation of the period.
In 2010, prices rose 1.6% and $100 from 2001 had the buying
power of $123; the year's average CPI of 218.056 is the level
behind every 2010 figure on this page.
2010 was a year of recovery without much price pressure. The CPI rose 1.6%, a
return to growth after 2009’s deflation, with gasoline averaging $2.78 a
gallon as energy prices climbed back from their recession lows. Housing costs
barely moved: millions of foreclosed and vacant homes kept rents soft, and the
median new home sold for about $221,800. The federal minimum wage stayed at
$7.25, the level set in July 2009, and a first-class stamp cost 44 cents.
The Federal Reserve was more worried about too little inflation than too
much. Its policy rate sat at 0–0.25%, and in November it announced a further
$600 billion of Treasury purchases to hold down long-term borrowing costs.
Congress passed the Dodd-Frank Act in July to tighten financial regulation,
while a 110 billion euro rescue of Greece in May showed that the crisis had
moved from American mortgages to European government debt. For anyone
comparing dollars across the decade, 2010 is a useful baseline: prices were
still close to their 2008 levels, and the years ahead brought a slow, steady
climb.
MLA: “Inflation from 2001 to 2010: $100 is worth $123 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2001-to-2010/
APA: InflationCalculator.com. Inflation from 2001 to 2010. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2001-to-2010/