$100 in 2006 is worth $119 in 2016,
because prices increased 19.1% over that period, an average of
1.76% a year.
$100 in 2006 has
the same buying power as
$119
in 2016
Detailed inflation statistics
Cumulative price change
19.1%
Average inflation rate
1.76% per year
Converted amount ($100 base)
$119
Price difference ($100 base)
$19.05
CPI in 2006
201.6
CPI in 2016
240.007
Inflation in 2006
3.23%
Inflation in 2016
1.26%
$100 in 2006 → 2016
$119
$100 in 2016 → 2006
$84.00
What happened to prices between 2006 and 2016
Between 2006 and 2016, the Consumer Price Index went from 201.6 to 240.007.
Cumulatively, prices increased 19.1%, which works out to an average of
1.76% per year. Put differently, a dollar in 2006 bought what
$0.84 buys in 2016: the 2006 dollar
lost 16.0% of its purchasing power over
these 10 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 2016 at the same ratio, 1.19: $1,000 becomes
$1,191, and $10,000 becomes $11,905.
Amount in 2006
Value in 2016
$1.00
$1.19
$5.00
$5.95
$10.00
$11.91
$20.00
$23.81
$50.00
$59.53
$100
$119
$500
$595
$1,000
$1,191
$5,000
$5,953
$10,000
$11,905
$100,000
$119,051
$1,000,000
$1,190,511
Inflation by spending category, 2006–2016
Between 2006 and 2016, medical care rose the most, up 37.9%, while energy fell 3.7%, against 19.1% for all items. The headline number is an average; here is what $100 of 2006
spending costs in 2016, by category:
Category
Avg. yearly inflation
$100 in 2006 →
All items (CPI-U)
1.76%
$119
Medical care
3.27%
$138
Food
2.42%
$127
Core (all items less food & energy)
1.86%
$120
Housing
1.85%
$120
Education & communication
1.77%
$119
Transportation
0.75%
$108
Recreation
0.54%
$105
Apparel
0.53%
$105
Energy
-0.38%
$96.26
Decade by decade: 2006 to 2016
Prices climbed fastest in the 2000s, averaging 1.98% a year, and slowest in the 2010s (1.61% a year). Each step below chains into the full 2006–2016 change:
Years
Avg. yearly inflation
Price change
$100 from 2006, at end
2006–2010
1.98%
8.2%
$108
2010–2016
1.61%
10.1%
$119
Year by year: CPI and the value of $100 from 2006
$100 from 2006 had already become $112 by
2011, on its way to $119 in 2016; 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 2016, prices rose 1.3% and $100 from 2006 had the buying
power of $119; the year's average CPI of 240.007 is the level
behind every 2016 figure on this page.
2016 opened with the cheapest oil in more than a decade and closed with a
change in political direction. Crude fell to about $26 a barrel in February,
and gasoline averaged $2.14 a gallon for the year, its lowest annual
average since 2004. Headline inflation was 1.3%, a modest rebound from 2015’s
0.1%, though prices excluding food and energy rose faster, driven by rents and
health care.
Median household income rose to $59,039, the second large gain in a row, and
the median new home sold for about $307,800. The federal minimum wage held at
$7.25, and a first-class stamp fell to 47 cents after a January rate cut, a
rare decrease.
Two votes changed the outlook. Britain’s June decision to leave the European
Union unsettled currency markets, and the U.S. election in November raised
expectations of tax cuts, deficits, and faster growth, sending long-term
interest rates higher. OPEC’s November output cut ended the oil slump, and the
Federal Reserve made its second rate increase in December, to 0.50–0.75%.
MLA: “Inflation from 2006 to 2016: $100 is worth $119 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2006-to-2016/
APA: InflationCalculator.com. Inflation from 2006 to 2016. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2006-to-2016/