$100 in 2006 is worth $151 in 2023,
because prices increased 51.1% over that period, an average of
2.46% a year.
$100 in 2006 has
the same buying power as
$151
in 2023
Detailed inflation statistics
Cumulative price change
51.1%
Average inflation rate
2.46% per year
Converted amount ($100 base)
$151
Price difference ($100 base)
$51.14
CPI in 2006
201.6
CPI in 2023
304.702
Inflation in 2006
3.23%
Inflation in 2023
4.12%
$100 in 2006 → 2023
$151
$100 in 2023 → 2006
$66.16
What happened to prices between 2006 and 2023
Between 2006 and 2023, the Consumer Price Index went from 201.6 to 304.702.
Cumulatively, prices increased 51.1%, which works out to an average of
2.46% per year. Put differently, a dollar in 2006 bought what
$0.66 buys in 2023: the 2006 dollar
lost 33.8% of its purchasing power over
these 17 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 2023 at the same ratio, 1.51: $1,000 becomes
$1,511, and $10,000 becomes $15,114.
Amount in 2006
Value in 2023
$1.00
$1.51
$5.00
$7.56
$10.00
$15.11
$20.00
$30.23
$50.00
$75.57
$100
$151
$500
$756
$1,000
$1,511
$5,000
$7,557
$10,000
$15,114
$100,000
$151,142
$1,000,000
$1,511,419
Inflation by spending category, 2006–2023
Between 2006 and 2023, food rose the most, up 65.5%, while apparel rose the least, up 9.3%, against 51.1% for all items. The headline number is an average; here is what $100 of 2006
spending costs in 2023, by category:
Category
Avg. yearly inflation
$100 in 2006 →
All items (CPI-U)
2.46%
$151
Food
3.01%
$165
Medical care
2.93%
$163
Housing
2.71%
$158
Core (all items less food & energy)
2.40%
$150
Transportation
2.32%
$148
Energy
2.16%
$144
Education & communication
1.29%
$124
Recreation
1.21%
$123
Apparel
0.52%
$109
Decade by decade: 2006 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 2006–2023 change:
Years
Avg. yearly inflation
Price change
$100 from 2006, at end
2006–2010
1.98%
8.2%
$108
2010–2020
1.73%
18.7%
$128
2020–2023
5.59%
17.7%
$151
Year by year: CPI and the value of $100 from 2006
$100 from 2006 had already become $117 by
2014, on its way to $151 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 2006 had the buying
power of $151; 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 2006 to 2023: $100 is worth $151 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2006-to-2023/
APA: InflationCalculator.com. Inflation from 2006 to 2023. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2006-to-2023/