$100 in 2006 is worth $103 in 2007,
because prices increased 2.8% over that period, an average of
2.85% a year.
$100 in 2006 has
the same buying power as
$103
in 2007
Detailed inflation statistics
Cumulative price change
2.8%
Average inflation rate
2.85% per year
Converted amount ($100 base)
$103
Price difference ($100 base)
$2.85
CPI in 2006
201.6
CPI in 2007
207.342
Inflation in 2006
3.23%
Inflation in 2007
2.85%
$100 in 2006 → 2007
$103
$100 in 2007 → 2006
$97.23
What happened to prices between 2006 and 2007
Between 2006 and 2007, the Consumer Price Index went from 201.6 to 207.342.
Cumulatively, prices increased 2.8%, which works out to an average of
2.85% per year. Put differently, a dollar in 2006 bought what
$0.97 buys in 2007: the 2006 dollar
lost 2.8% of its purchasing power over
these 1 years.
Inflation was 3.2% in 2006 and gasoline averaged $2.59 a gallon, up 29 cents from 2005. The
median household earned about $48,200 and the median new home cost $246,500, a gain of about
2% after a 13% jump in 2004 and 9% in 2005. National home prices, by the S&P/Case-Shiller
index, peaked in mid-2006. Ben Bernanke replaced Alan Greenspan as Federal Reserve chair on
February 1, and on June 29 the Fed raised its policy rate to 5.25%, the last of 17 straight
quarter-point increases. It held there for over a year. A first-class stamp rose to 39 cents in
January, and the federal minimum wage was $5.15 for the ninth full year in a row.
Every 2006 amount converts to 2007 at the same ratio, 1.03: $1,000 becomes
$1,028, and $10,000 becomes $10,285.
Amount in 2006
Value in 2007
$1.00
$1.03
$5.00
$5.14
$10.00
$10.28
$20.00
$20.57
$50.00
$51.42
$100
$103
$500
$514
$1,000
$1,028
$5,000
$5,142
$10,000
$10,285
$100,000
$102,848
$1,000,000
$1,028,482
Inflation by spending category, 2006–2007
Between 2006 and 2007, energy rose the most, up 5.5%, while apparel fell 0.4%, against 2.8% for all items. The headline number is an average; here is what $100 of 2006
spending costs in 2007, by category:
Category
Avg. yearly inflation
$100 in 2006 →
All items (CPI-U)
2.85%
$103
Energy
5.50%
$105
Medical care
4.42%
$104
Food
3.95%
$104
Housing
3.14%
$103
Education & communication
2.38%
$102
Core (all items less food & energy)
2.35%
$102
Transportation
2.09%
$102
Recreation
0.49%
$100
Apparel
-0.42%
$99.58
Year by year: CPI and the value of $100 from 2006
$100 from 2006grew to $103 by 2007; each row
shows the CPI, that year's inflation rate, and the running value.
In 2007, prices rose 2.8% and $100 from 2006 had the buying
power of $103; 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 2006 to 2007: $100 is worth $103 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2006-to-2007/
APA: InflationCalculator.com. Inflation from 2006 to 2007. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2006-to-2007/