$100 in 2004 is worth $155 in 2022,
because prices increased 54.9% over that period, an average of
2.46% a year.
$100 in 2004 has
the same buying power as
$155
in 2022
Detailed inflation statistics
Cumulative price change
54.9%
Average inflation rate
2.46% per year
Converted amount ($100 base)
$155
Price difference ($100 base)
$54.93
CPI in 2004
188.9
CPI in 2022
292.655
Inflation in 2004
2.66%
Inflation in 2022
8.00%
$100 in 2004 → 2022
$155
$100 in 2022 → 2004
$64.55
What happened to prices between 2004 and 2022
Between 2004 and 2022, the Consumer Price Index went from 188.9 to 292.655.
Cumulatively, prices increased 54.9%, which works out to an average of
2.46% per year. Put differently, a dollar in 2004 bought what
$0.65 buys in 2022: the 2004 dollar
lost 35.5% of its purchasing power over
these 18 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 2022 at the same ratio, 1.55: $1,000 becomes
$1,549, and $10,000 becomes $15,493.
Amount in 2004
Value in 2022
$1.00
$1.55
$5.00
$7.75
$10.00
$15.49
$20.00
$30.99
$50.00
$77.46
$100
$155
$500
$775
$1,000
$1,549
$5,000
$7,746
$10,000
$15,493
$100,000
$154,926
$1,000,000
$1,549,259
Inflation by spending category, 2004–2022
Between 2004 and 2022, energy rose the most, up 97.0%, while apparel rose the least, up 5.5%, against 54.9% for all items. The headline number is an average; here is what $100 of 2004
spending costs in 2022, by category:
Category
Avg. yearly inflation
$100 in 2004 →
All items (CPI-U)
2.46%
$155
Energy
3.84%
$197
Medical care
3.20%
$176
Food
2.79%
$164
Transportation
2.76%
$163
Housing
2.60%
$159
Core (all items less food & energy)
2.27%
$150
Education & communication
1.42%
$129
Recreation
1.04%
$120
Apparel
0.30%
$106
Decade by decade: 2004 to 2022
Prices climbed fastest in the 2020s, averaging 6.34% a year, and slowest in the 2010s (1.73% a year). Each step below chains into the full 2004–2022 change:
Years
Avg. yearly inflation
Price change
$100 from 2004, at end
2004–2010
2.42%
15.4%
$115
2010–2020
1.73%
18.7%
$137
2020–2022
6.34%
13.1%
$155
Year by year: CPI and the value of $100 from 2004
$100 from 2004 had already become $123 by
2013, on its way to $155 in 2022; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 8.0% in 2022, and prices fell 0.4% in 2009, the deepest deflation of the period.
In 2022, prices rose 8.0% and $100 from 2004 had the buying
power of $155; the year's average CPI of 292.655 is the level
behind every 2022 figure on this page.
2022 was the year inflation returned. Consumer prices rose 8.0% on average,
the worst since 1981, driven by pandemic-era supply chains, stimulus-fueled
demand, and an energy shock from the war in Ukraine. Gas briefly topped $5 a
gallon nationally for the first time ever, and “inflation” became the
top-ranked economic concern in nearly every poll of American households.
MLA: “Inflation from 2004 to 2022: $100 is worth $155 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2004-to-2022/
APA: InflationCalculator.com. Inflation from 2004 to 2022. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2004-to-2022/