$100 in 2006 is worth $156 in 2024,
because prices increased 55.6% over that period, an average of
2.49% a year.
$100 in 2006 has
the same buying power as
$156
in 2024
Detailed inflation statistics
Cumulative price change
55.6%
Average inflation rate
2.49% per year
Converted amount ($100 base)
$156
Price difference ($100 base)
$55.60
CPI in 2006
201.6
CPI in 2024
313.689
Inflation in 2006
3.23%
Inflation in 2024
2.95%
$100 in 2006 → 2024
$156
$100 in 2024 → 2006
$64.27
What happened to prices between 2006 and 2024
Between 2006 and 2024, the Consumer Price Index went from 201.6 to 313.689.
Cumulatively, prices increased 55.6%, which works out to an average of
2.49% per year. Put differently, a dollar in 2006 bought what
$0.64 buys in 2024: the 2006 dollar
lost 35.7% of its purchasing power over
these 18 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 2024 at the same ratio, 1.56: $1,000 becomes
$1,556, and $10,000 becomes $15,560.
Amount in 2006
Value in 2024
$1.00
$1.56
$5.00
$7.78
$10.00
$15.56
$20.00
$31.12
$50.00
$77.80
$100
$156
$500
$778
$1,000
$1,556
$5,000
$7,780
$10,000
$15,560
$100,000
$155,600
$1,000,000
$1,555,997
Inflation by spending category, 2006–2024
Between 2006 and 2024, food rose the most, up 69.2%, while apparel rose the least, up 10.0%, against 55.6% for all items. The headline number is an average; here is what $100 of 2006
spending costs in 2024, by category:
Category
Avg. yearly inflation
$100 in 2006 →
All items (CPI-U)
2.49%
$156
Food
2.96%
$169
Medical care
2.91%
$168
Housing
2.80%
$164
Core (all items less food & energy)
2.46%
$155
Transportation
2.26%
$150
Energy
1.97%
$142
Education & communication
1.25%
$125
Recreation
1.23%
$125
Apparel
0.53%
$110
Decade by decade: 2006 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 2006–2024 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
2020–2024
4.93%
21.2%
$156
Year by year: CPI and the value of $100 from 2006
$100 from 2006 had already become $118 by
2015, on its way to $156 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 2006 had the buying
power of $156; 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 2006 to 2024: $100 is worth $156 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2006-to-2024/
APA: InflationCalculator.com. Inflation from 2006 to 2024. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2006-to-2024/