$100 in 2007 is worth $112 in 2013,
because prices increased 12.4% over that period, an average of
1.96% a year.
$100 in 2007 has
the same buying power as
$112
in 2013
Detailed inflation statistics
Cumulative price change
12.4%
Average inflation rate
1.96% per year
Converted amount ($100 base)
$112
Price difference ($100 base)
$12.35
CPI in 2007
207.342
CPI in 2013
232.957
Inflation in 2007
2.85%
Inflation in 2013
1.46%
$100 in 2007 → 2013
$112
$100 in 2013 → 2007
$89.00
What happened to prices between 2007 and 2013
Between 2007 and 2013, the Consumer Price Index went from 207.342 to 232.957.
Cumulatively, prices increased 12.4%, which works out to an average of
1.96% per year. Put differently, a dollar in 2007 bought what
$0.89 buys in 2013: the 2007 dollar
lost 11.0% of its purchasing power over
these 6 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 2013 at the same ratio, 1.12: $1,000 becomes
$1,124, and $10,000 becomes $11,235.
Amount in 2007
Value in 2013
$1.00
$1.12
$5.00
$5.62
$10.00
$11.24
$20.00
$22.47
$50.00
$56.18
$100
$112
$500
$562
$1,000
$1,124
$5,000
$5,618
$10,000
$11,235
$100,000
$112,354
$1,000,000
$1,123,540
Inflation by spending category, 2007–2013
Between 2007 and 2013, medical care rose the most, up 21.1%, while recreation rose the least, up 3.4%, against 12.4% for all items. The headline number is an average; here is what $100 of 2007
spending costs in 2013, by category:
Category
Avg. yearly inflation
$100 in 2007 →
All items (CPI-U)
1.96%
$112
Medical care
3.24%
$121
Transportation
2.76%
$118
Energy
2.75%
$118
Food
2.62%
$117
Education & communication
2.15%
$114
Core (all items less food & energy)
1.75%
$111
Housing
1.37%
$108
Apparel
1.15%
$107
Recreation
0.56%
$103
Decade by decade: 2007 to 2013
Prices climbed fastest in the 2010s, averaging 2.23% a year, and slowest in the 2000s (1.69% a year). Each step below chains into the full 2007–2013 change:
Years
Avg. yearly inflation
Price change
$100 from 2007, at end
2007–2010
1.69%
5.2%
$105
2010–2013
2.23%
6.8%
$112
Year by year: CPI and the value of $100 from 2007
$100 from 2007 had already become $105 by
2010, on its way to $112 in 2013; 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 2013, prices rose 1.5% and $100 from 2007 had the buying
power of $112; the year's average CPI of 232.957 is the level
behind every 2013 figure on this page.
2013 was a low-inflation year with a lot of noise around the Federal Reserve.
Consumer prices rose 1.5%, below the Fed’s 2% target, and gasoline eased to an
average of $3.51 a gallon. Housing was the exception: the median new home sold
for about $268,900, up sharply from $245,200 in 2012, as the market recovered
from its post-crisis bottom.
The Fed dominated the news. Chairman Ben Bernanke’s May comments about slowing
bond purchases pushed long-term interest rates up by roughly a percentage
point that summer, and mortgages became more expensive within weeks. In
December the Fed finally announced a first small cut to its purchases while
promising to keep short-term rates near zero for a long time.
Washington added its own disruption. A 16-day government shutdown in October
delayed data releases and left a hole in that month’s CPI collection. Median
household income was reported at $53,585, the federal minimum wage stayed at
$7.25, and a first-class stamp cost 46 cents. The decade’s pattern was taking
shape: slow price growth, ultra-low interest rates, and a labor market that
improved gradually.
MLA: “Inflation from 2007 to 2013: $100 is worth $112 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2007-to-2013/
APA: InflationCalculator.com. Inflation from 2007 to 2013. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2007-to-2013/