$100 in 2005 is worth $121 in 2014,
because prices increased 21.2% over that period, an average of
2.16% a year.
$100 in 2005 has
the same buying power as
$121
in 2014
Detailed inflation statistics
Cumulative price change
21.2%
Average inflation rate
2.16% per year
Converted amount ($100 base)
$121
Price difference ($100 base)
$21.22
CPI in 2005
195.3
CPI in 2014
236.736
Inflation in 2005
3.39%
Inflation in 2014
1.62%
$100 in 2005 → 2014
$121
$100 in 2014 → 2005
$82.50
What happened to prices between 2005 and 2014
Between 2005 and 2014, the Consumer Price Index went from 195.3 to 236.736.
Cumulatively, prices increased 21.2%, which works out to an average of
2.16% per year. Put differently, a dollar in 2005 bought what
$0.82 buys in 2014: the 2005 dollar
lost 17.5% of its purchasing power over
these 9 years.
Inflation rose to 3.4% in 2005, up from 2.7% in 2004, as gasoline averaged $2.30 a gallon,
compared with $1.88 the year before. Hurricane Katrina made landfall on August 29, and with
Hurricane Rita weeks later it disrupted Gulf Coast refining, pushing the national average
price past $3 in early September. The Federal Reserve raised its policy rate at every meeting,
from 2.25% to 4.25%, to keep energy costs from feeding into other prices. The median household
earned about $46,300, up 4.5% from 2004, but the median new home price rose a further 9%, to
$240,900. In April, Congress passed a bankruptcy law that made it harder to clear debts. A
first-class stamp stayed at 37 cents until January 2006, and the federal minimum wage stayed
at $5.15.
Every 2005 amount converts to 2014 at the same ratio, 1.21: $1,000 becomes
$1,212, and $10,000 becomes $12,122.
Amount in 2005
Value in 2014
$1.00
$1.21
$5.00
$6.06
$10.00
$12.12
$20.00
$24.24
$50.00
$60.61
$100
$121
$500
$606
$1,000
$1,212
$5,000
$6,061
$10,000
$12,122
$100,000
$121,217
$1,000,000
$1,212,166
Inflation by spending category, 2005–2014
Between 2005 and 2014, energy rose the most, up 37.5%, while recreation rose the least, up 5.6%, against 21.2% for all items. The headline number is an average; here is what $100 of 2005
spending costs in 2014, by category:
Category
Avg. yearly inflation
$100 in 2005 →
All items (CPI-U)
2.16%
$121
Energy
3.61%
$138
Medical care
3.36%
$135
Food
2.72%
$127
Transportation
2.43%
$124
Education & communication
2.14%
$121
Housing
1.97%
$119
Core (all items less food & energy)
1.90%
$118
Apparel
0.72%
$107
Recreation
0.61%
$106
Decade by decade: 2005 to 2014
Prices climbed fastest in the 2000s, averaging 2.23% a year, and slowest in the 2010s (2.08% a year). Each step below chains into the full 2005–2014 change:
Years
Avg. yearly inflation
Price change
$100 from 2005, at end
2005–2010
2.23%
11.7%
$112
2010–2014
2.08%
8.6%
$121
Year by year: CPI and the value of $100 from 2005
$100 from 2005 had already become $110 by
2009, on its way to $121 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 2005 had the buying
power of $121; 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 2005 to 2014: $100 is worth $121 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2005-to-2014/
APA: InflationCalculator.com. Inflation from 2005 to 2014. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2005-to-2014/