$100 in 2005 is worth $156 in 2023,
because prices increased 56.0% over that period, an average of
2.50% a year.
$100 in 2005 has
the same buying power as
$156
in 2023
Detailed inflation statistics
Cumulative price change
56.0%
Average inflation rate
2.50% per year
Converted amount ($100 base)
$156
Price difference ($100 base)
$56.02
CPI in 2005
195.3
CPI in 2023
304.702
Inflation in 2005
3.39%
Inflation in 2023
4.12%
$100 in 2005 → 2023
$156
$100 in 2023 → 2005
$64.10
What happened to prices between 2005 and 2023
Between 2005 and 2023, the Consumer Price Index went from 195.3 to 304.702.
Cumulatively, prices increased 56.0%, which works out to an average of
2.50% per year. Put differently, a dollar in 2005 bought what
$0.64 buys in 2023: the 2005 dollar
lost 35.9% of its purchasing power over
these 18 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 2023 at the same ratio, 1.56: $1,000 becomes
$1,560, and $10,000 becomes $15,602.
Amount in 2005
Value in 2023
$1.00
$1.56
$5.00
$7.80
$10.00
$15.60
$20.00
$31.20
$50.00
$78.01
$100
$156
$500
$780
$1,000
$1,560
$5,000
$7,801
$10,000
$15,602
$100,000
$156,017
$1,000,000
$1,560,174
Inflation by spending category, 2005–2023
Between 2005 and 2023, medical care rose the most, up 69.9%, while apparel rose the least, up 9.3%, against 56.0% for all items. The headline number is an average; here is what $100 of 2005
spending costs in 2023, by category:
Category
Avg. yearly inflation
$100 in 2005 →
All items (CPI-U)
2.50%
$156
Medical care
2.99%
$170
Food
2.97%
$169
Housing
2.77%
$164
Energy
2.64%
$160
Transportation
2.41%
$154
Core (all items less food & energy)
2.41%
$153
Education & communication
1.37%
$128
Recreation
1.22%
$124
Apparel
0.49%
$109
Decade by decade: 2005 to 2023
Prices climbed fastest in the 2020s, averaging 5.59% a year, and slowest in the 2010s (1.73% a year). Each step below chains into the full 2005–2023 change:
Years
Avg. yearly inflation
Price change
$100 from 2005, at end
2005–2010
2.23%
11.7%
$112
2010–2020
1.73%
18.7%
$133
2020–2023
5.59%
17.7%
$156
Year by year: CPI and the value of $100 from 2005
$100 from 2005 had already become $121 by
2014, on its way to $156 in 2023; 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 2023, prices rose 4.1% and $100 from 2005 had the buying
power of $156; the year's average CPI of 304.702 is the level
behind every 2023 figure on this page.
2023 was the year inflation came down without a recession. Consumer prices
rose 4.1% on average, roughly half of 2022’s 8.0%, and the December-to-December
rate fell to 3.4%. Gasoline averaged $3.52 a gallon, well below the 2022
average, and supply-chain pressure on goods eased. Shelter, restaurant meals,
and other services stayed expensive, so the CPI kept rising at a rate well
above the pre-pandemic pace.
The Federal Reserve completed its rate-hiking campaign in July, taking the
policy rate to 5.25–5.50%, the highest level in 22 years. The effects showed
up in banking: Silicon Valley Bank failed in March after rate increases eroded
the value of its bond portfolio, the second-largest bank failure in U.S.
history at the time. Despite that, unemployment stayed under 4% all year.
Median household income was $80,610 according to the Census Bureau. The
federal minimum wage stayed at $7.25, and a first-class stamp rose to 66 cents
in July.
MLA: “Inflation from 2005 to 2023: $100 is worth $156 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2005-to-2023/
APA: InflationCalculator.com. Inflation from 2005 to 2023. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2005-to-2023/