$100 in 2001 is worth $134 in 2014,
because prices increased 33.7% over that period, an average of
2.26% a year.
$100 in 2001 has
the same buying power as
$134
in 2014
Detailed inflation statistics
Cumulative price change
33.7%
Average inflation rate
2.26% per year
Converted amount ($100 base)
$134
Price difference ($100 base)
$33.67
CPI in 2001
177.1
CPI in 2014
236.736
Inflation in 2001
2.85%
Inflation in 2014
1.62%
$100 in 2001 → 2014
$134
$100 in 2014 → 2001
$74.81
What happened to prices between 2001 and 2014
Between 2001 and 2014, the Consumer Price Index went from 177.1 to 236.736.
Cumulatively, prices increased 33.7%, which works out to an average of
2.26% per year. Put differently, a dollar in 2001 bought what
$0.75 buys in 2014: the 2001 dollar
lost 25.2% of its purchasing power over
these 13 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 2014 at the same ratio, 1.34: $1,000 becomes
$1,337, and $10,000 becomes $13,367.
Amount in 2001
Value in 2014
$1.00
$1.34
$5.00
$6.68
$10.00
$13.37
$20.00
$26.73
$50.00
$66.84
$100
$134
$500
$668
$1,000
$1,337
$5,000
$6,684
$10,000
$13,367
$100,000
$133,674
$1,000,000
$1,336,736
Inflation by spending category, 2001–2014
Between 2001 and 2014, energy rose the most, up 88.4%, while apparel rose the least, up 0.2%, against 33.7% for all items. The headline number is an average; here is what $100 of 2001
spending costs in 2014, by category:
Category
Avg. yearly inflation
$100 in 2001 →
All items (CPI-U)
2.26%
$134
Energy
4.99%
$188
Medical care
3.66%
$160
Food
2.63%
$140
Transportation
2.62%
$140
Housing
2.17%
$132
Education & communication
2.08%
$131
Core (all items less food & energy)
1.91%
$128
Recreation
0.75%
$110
Apparel
0.01%
$100
Decade by decade: 2001 to 2014
Prices climbed fastest in the 2000s, averaging 2.34% a year, and slowest in the 2010s (2.08% a year). Each step below chains into the full 2001–2014 change:
Years
Avg. yearly inflation
Price change
$100 from 2001, at end
2001–2010
2.34%
23.1%
$123
2010–2014
2.08%
8.6%
$134
Year by year: CPI and the value of $100 from 2001
$100 from 2001 had already become $117 by
2007, on its way to $134 in 2014; 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 2014, prices rose 1.6% and $100 from 2001 had the buying
power of $134; the year's average CPI of 236.736 is the level
behind every 2014 figure on this page.
2014 ended with the sharpest oil price drop in years. Consumer prices rose
1.6% for the year, close to 2013’s pace, but the annual figure hid a shift at
the pump: crude oil fell from above $100 a barrel in June to below $60 in
December, and gasoline finished the year near $2.25 a gallon after averaging
$3.37 across 2014. The drop reflected record U.S. shale output, softer
global demand, and OPEC’s decision in November to keep producing.
For households, cheaper fuel arrived just as the labor market strengthened.
Median household income was $53,657, essentially flat on the prior year, and
the median new home sold for about $288,500. The federal minimum wage stayed
at $7.25 for a fifth year, and a first-class stamp rose to 49 cents.
The Federal Reserve ended its bond purchases in October but left its policy
rate at zero. A stronger dollar helped hold down import prices. Because
energy weighs heavily in the CPI, the late-year slide carried into 2015, which
posted the smallest annual increase of the decade.
MLA: “Inflation from 2001 to 2014: $100 is worth $134 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2001-to-2014/
APA: InflationCalculator.com. Inflation from 2001 to 2014. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2001-to-2014/