$100 in 2007 is worth $108 in 2011,
because prices increased 8.5% over that period, an average of
2.06% a year.
$100 in 2007 has
the same buying power as
$108
in 2011
Detailed inflation statistics
Cumulative price change
8.5%
Average inflation rate
2.06% per year
Converted amount ($100 base)
$108
Price difference ($100 base)
$8.49
CPI in 2007
207.342
CPI in 2011
224.939
Inflation in 2007
2.85%
Inflation in 2011
3.16%
$100 in 2007 → 2011
$108
$100 in 2011 → 2007
$92.18
What happened to prices between 2007 and 2011
Between 2007 and 2011, the Consumer Price Index went from 207.342 to 224.939.
Cumulatively, prices increased 8.5%, which works out to an average of
2.06% per year. Put differently, a dollar in 2007 bought what
$0.92 buys in 2011: the 2007 dollar
lost 7.8% of its purchasing power over
these 4 years.
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.
Every 2007 amount converts to 2011 at the same ratio, 1.08: $1,000 becomes
$1,085, and $10,000 becomes $10,849.
Amount in 2007
Value in 2011
$1.00
$1.08
$5.00
$5.42
$10.00
$10.85
$20.00
$21.70
$50.00
$54.24
$100
$108
$500
$542
$1,000
$1,085
$5,000
$5,424
$10,000
$10,849
$100,000
$108,487
$1,000,000
$1,084,869
Inflation by spending category, 2007–2011
Between 2007 and 2011, energy rose the most, up 17.4%, while recreation rose the least, up 1.7%, against 8.5% for all items. The headline number is an average; here is what $100 of 2007
spending costs in 2011, by category:
Category
Avg. yearly inflation
$100 in 2007 →
All items (CPI-U)
2.06%
$108
Energy
4.10%
$117
Transportation
3.55%
$115
Medical care
3.33%
$114
Food
2.94%
$112
Education & communication
2.40%
$110
Core (all items less food & energy)
1.65%
$107
Housing
1.12%
$105
Apparel
0.65%
$103
Recreation
0.43%
$102
Decade by decade: 2007 to 2011
Prices climbed fastest in the 2010s, averaging 3.16% a year, and slowest in the 2000s (1.69% a year). Each step below chains into the full 2007–2011 change:
Years
Avg. yearly inflation
Price change
$100 from 2007, at end
2007–2010
1.69%
5.2%
$105
2010–2011
3.16%
3.2%
$108
Year by year: CPI and the value of $100 from 2007
$100 from 2007 had already become $103 by
2009, on its way to $108 in 2011; 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 2011, prices rose 3.2% and $100 from 2007 had the buying
power of $108; the year's average CPI of 224.939 is the level
behind every 2011 figure on this page.
2011 brought the fastest inflation of the post-recession recovery. Consumer
prices rose 3.2%, roughly double the 2010 pace, and the cause was mostly at the
pump and the grocery store. Unrest across the Middle East and North Africa,
including the war in Libya, pushed gasoline to an annual average of $3.52 a
gallon, the highest yearly figure recorded to that point. Food prices also
rose faster than the overall index.
Household budgets did not keep up. The median household income was $50,054,
barely above the year before, and the median new home sold for about $227,200.
The federal minimum wage stayed at $7.25 and a first-class stamp at 44 cents.
Policy stayed loose. The Federal Reserve kept its policy rate near zero and
launched Operation Twist in September to lower long-term rates. Washington
spent the summer in a debt-ceiling fight that ended in S&P’s August downgrade
of the U.S. credit rating. The inflation spike proved temporary: the
2011 rate was the high point of the early 2010s, and prices grew more slowly
in every year that followed until 2017.
MLA: “Inflation from 2007 to 2011: $100 is worth $108 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2007-to-2011/
APA: InflationCalculator.com. Inflation from 2007 to 2011. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2007-to-2011/