$100 in 2005 is worth $161 in 2024,
because prices increased 60.6% over that period, an average of
2.53% a year.
$100 in 2005 has
the same buying power as
$161
in 2024
Detailed inflation statistics
Cumulative price change
60.6%
Average inflation rate
2.53% per year
Converted amount ($100 base)
$161
Price difference ($100 base)
$60.62
CPI in 2005
195.3
CPI in 2024
313.689
Inflation in 2005
3.39%
Inflation in 2024
2.95%
$100 in 2005 → 2024
$161
$100 in 2024 → 2005
$62.26
What happened to prices between 2005 and 2024
Between 2005 and 2024, the Consumer Price Index went from 195.3 to 313.689.
Cumulatively, prices increased 60.6%, which works out to an average of
2.53% per year. Put differently, a dollar in 2005 bought what
$0.62 buys in 2024: the 2005 dollar
lost 37.7% of its purchasing power over
these 19 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 2024 at the same ratio, 1.61: $1,000 becomes
$1,606, and $10,000 becomes $16,062.
Amount in 2005
Value in 2024
$1.00
$1.61
$5.00
$8.03
$10.00
$16.06
$20.00
$32.12
$50.00
$80.31
$100
$161
$500
$803
$1,000
$1,606
$5,000
$8,031
$10,000
$16,062
$100,000
$160,619
$1,000,000
$1,606,190
Inflation by spending category, 2005–2024
Between 2005 and 2024, medical care rose the most, up 74.5%, while apparel rose the least, up 10.0%, against 60.6% for all items. The headline number is an average; here is what $100 of 2005
spending costs in 2024, by category:
Category
Avg. yearly inflation
$100 in 2005 →
All items (CPI-U)
2.53%
$161
Medical care
2.97%
$174
Food
2.93%
$173
Housing
2.86%
$171
Core (all items less food & energy)
2.46%
$159
Energy
2.43%
$158
Transportation
2.36%
$156
Education & communication
1.33%
$128
Recreation
1.24%
$126
Apparel
0.50%
$110
Decade by decade: 2005 to 2024
Prices climbed fastest in the 2020s, averaging 4.93% a year, and slowest in the 2010s (1.73% a year). Each step below chains into the full 2005–2024 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
2020–2024
4.93%
21.2%
$161
Year by year: CPI and the value of $100 from 2005
$100 from 2005 had already become $121 by
2014, on its way to $161 in 2024; 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 2024, prices rose 2.9% and $100 from 2005 had the buying
power of $161; the year's average CPI of 313.689 is the level
behind every 2024 figure on this page.
2024 brought inflation close to normal without fully reaching it. Consumer
prices rose 2.9% on average, the smallest yearly increase since 2020, and the
December-to-December rate was also 2.9%. Gasoline averaged $3.30 a gallon,
below 2023’s $3.52. Shelter stayed the biggest driver of the index, so the
pace of price growth in categories that households can’t easily avoid, such as
rent and insurance, lagged the drop in goods and energy costs.
The Federal Reserve declared progress in September, cutting its policy rate
by half a point, the first reduction since the pandemic emergency, and then
by a quarter point in November and again in December. Mortgage rates near 7%
kept the housing market frozen for many would-be buyers.
Median household income was $83,730, the federal minimum wage stayed at $7.25,
and a first-class stamp rose to 73 cents in July. After the November election,
attention turned to how announced tariffs and tax policy might affect prices
in 2025.
MLA: “Inflation from 2005 to 2024: $100 is worth $161 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2005-to-2024/
APA: InflationCalculator.com. Inflation from 2005 to 2024. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2005-to-2024/