U.S. inflation · 2007–2008
$100 in 2007 has the same buying power as
$104
in 2008
| Cumulative price change | 3.8% |
|---|---|
| Average inflation rate | 3.84% per year |
| Converted amount ($100 base) | $104 |
| Price difference ($100 base) | $3.84 |
| CPI in 2007 | 207.342 |
| CPI in 2008 | 215.303 |
| Inflation in 2007 | 2.85% |
| Inflation in 2008 | 3.84% |
| $100 in 2007 → 2008 | $104 |
| $100 in 2008 → 2007 | $96.30 |
Between 2007 and 2008, the Consumer Price Index went from 207.342 to 215.303. Cumulatively, prices increased 3.8%, which works out to an average of 3.84% per year. Put differently, a dollar in 2007 bought what $0.96 buys in 2008.
| Amount in 2007 | Value in 2008 |
|---|---|
| $1.00 | $1.04 |
| $5.00 | $5.19 |
| $10.00 | $10.38 |
| $20.00 | $20.77 |
| $50.00 | $51.92 |
| $100 | $104 |
| $500 | $519 |
| $1,000 | $1,038 |
| $5,000 | $5,192 |
| $10,000 | $10,384 |
| $100,000 | $103,840 |
| $1,000,000 | $1,038,396 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 2007 spending costs in 2008, by category:
| Category | Avg. yearly inflation | $100 in 2007 → |
|---|---|---|
| All items (CPI-U) | 3.84% | $104 |
| Energy | 13.93% | $114 |
| Transportation | 5.88% | $106 |
| Food | 5.51% | $106 |
| Medical care | 3.71% | $104 |
| Education & communication | 3.39% | $103 |
| Housing | 3.19% | $103 |
| Core (all items less food & energy) | 2.30% | $102 |
| Recreation | 1.63% | $102 |
| Apparel | -0.08% | $99.92 |
| Year | CPI | Inflation rate | $100 from 2007 |
|---|---|---|---|
| 2007 | 207.342 | 2.8% | $100 |
| 2008 | 215.303 | 3.8% | $104 |
MLA: “Inflation from 2007 to 2008: $100 is worth $104 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2007-to-2008/
APA: InflationCalculator.com. Inflation from 2007 to 2008. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2007-to-2008/
Source: U.S. Bureau of Labor Statistics, CPI-U annual averages (series CUUR0000SA0; category indexes listed on the data sources page). See how these numbers are calculated.