$100 in 2004 is worth $110 in 2007,
because prices increased 9.8% over that period, an average of
3.15% a year.
$100 in 2004 has
the same buying power as
$110
in 2007
Detailed inflation statistics
Cumulative price change
9.8%
Average inflation rate
3.15% per year
Converted amount ($100 base)
$110
Price difference ($100 base)
$9.76
CPI in 2004
188.9
CPI in 2007
207.342
Inflation in 2004
2.66%
Inflation in 2007
2.85%
$100 in 2004 → 2007
$110
$100 in 2007 → 2004
$91.11
What happened to prices between 2004 and 2007
Between 2004 and 2007, the Consumer Price Index went from 188.9 to 207.342.
Cumulatively, prices increased 9.8%, which works out to an average of
3.15% per year. Put differently, a dollar in 2004 bought what
$0.91 buys in 2007: the 2004 dollar
lost 8.9% of its purchasing power over
these 3 years.
Consumer prices rose 2.7% in 2004, with a 29-cent jump in the price of gasoline, to $1.88 a
gallon, doing much of the work. Crude oil passed $50 a barrel in October on rising demand
from China and India. The Federal Reserve raised rates for the first time in four years on
June 30, to 1.25%, and it kept going: 17 consecutive quarter-point increases took the rate to
5.25% by June 2006. Housing was already running ahead of incomes. The median household earned
about $44,300, up 2.3% from 2003, while the median new home sold for $221,000, up about 13%. A
first-class stamp stayed at 37 cents and the federal minimum wage at $5.15, unchanged since
1997.
Every 2004 amount converts to 2007 at the same ratio, 1.10: $1,000 becomes
$1,098, and $10,000 becomes $10,976.
Amount in 2004
Value in 2007
$1.00
$1.10
$5.00
$5.49
$10.00
$10.98
$20.00
$21.95
$50.00
$54.88
$100
$110
$500
$549
$1,000
$1,098
$5,000
$5,488
$10,000
$10,976
$100,000
$109,763
$1,000,000
$1,097,628
Inflation by spending category, 2004–2007
Between 2004 and 2007, energy rose the most, up 37.2%, while apparel fell 1.2%, against 9.8% for all items. The headline number is an average; here is what $100 of 2004
spending costs in 2007, by category:
Category
Avg. yearly inflation
$100 in 2004 →
All items (CPI-U)
3.15%
$110
Energy
11.12%
$137
Transportation
4.23%
$113
Medical care
4.22%
$113
Housing
3.42%
$111
Food
2.91%
$109
Core (all items less food & energy)
2.34%
$107
Education & communication
2.33%
$107
Recreation
0.87%
$103
Apparel
-0.39%
$98.84
Year by year: CPI and the value of $100 from 2004
$100 from 2004 had already become $103 by
2005, on its way to $110 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 2.8% in 2007.
In 2007, prices rose 2.8% and $100 from 2004 had the buying
power of $110; 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 2004 to 2007: $100 is worth $110 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2004-to-2007/
APA: InflationCalculator.com. Inflation from 2004 to 2007. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2004-to-2007/