$100 in 2007 is worth $114 in 2014,
because prices increased 14.2% over that period, an average of
1.91% a year.
$100 in 2007 has
the same buying power as
$114
in 2014
Detailed inflation statistics
Cumulative price change
14.2%
Average inflation rate
1.91% per year
Converted amount ($100 base)
$114
Price difference ($100 base)
$14.18
CPI in 2007
207.342
CPI in 2014
236.736
Inflation in 2007
2.85%
Inflation in 2014
1.62%
$100 in 2007 → 2014
$114
$100 in 2014 → 2007
$87.58
What happened to prices between 2007 and 2014
Between 2007 and 2014, the Consumer Price Index went from 207.342 to 236.736.
Cumulatively, prices increased 14.2%, which works out to an average of
1.91% per year. Put differently, a dollar in 2007 bought what
$0.88 buys in 2014: the 2007 dollar
lost 12.4% of its purchasing power over
these 7 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 2014 at the same ratio, 1.14: $1,000 becomes
$1,142, and $10,000 becomes $11,418.
Amount in 2007
Value in 2014
$1.00
$1.14
$5.00
$5.71
$10.00
$11.42
$20.00
$22.84
$50.00
$57.09
$100
$114
$500
$571
$1,000
$1,142
$5,000
$5,709
$10,000
$11,418
$100,000
$114,177
$1,000,000
$1,141,766
Inflation by spending category, 2007–2014
Between 2007 and 2014, medical care rose the most, up 24.0%, while recreation rose the least, up 3.7%, against 14.2% for all items. The headline number is an average; here is what $100 of 2007
spending costs in 2014, by category:
Category
Avg. yearly inflation
$100 in 2007 →
All items (CPI-U)
1.91%
$114
Medical care
3.12%
$124
Food
2.59%
$120
Energy
2.30%
$117
Transportation
2.26%
$117
Education & communication
2.02%
$115
Core (all items less food & energy)
1.75%
$113
Housing
1.54%
$111
Apparel
0.99%
$107
Recreation
0.52%
$104
Decade by decade: 2007 to 2014
Prices climbed fastest in the 2010s, averaging 2.08% a year, and slowest in the 2000s (1.69% a year). Each step below chains into the full 2007–2014 change:
Years
Avg. yearly inflation
Price change
$100 from 2007, at end
2007–2010
1.69%
5.2%
$105
2010–2014
2.08%
8.6%
$114
Year by year: CPI and the value of $100 from 2007
$100 from 2007 had already become $105 by
2010, on its way to $114 in 2014; 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 2014, prices rose 1.6% and $100 from 2007 had the buying
power of $114; the year's average CPI of 236.736 is the level
behind every 2014 figure on this page.
2014 ended with the sharpest oil price drop in years. Consumer prices rose
1.6% for the year, close to 2013’s pace, but the annual figure hid a shift at
the pump: crude oil fell from above $100 a barrel in June to below $60 in
December, and gasoline finished the year near $2.25 a gallon after averaging
$3.37 across 2014. The drop reflected record U.S. shale output, softer
global demand, and OPEC’s decision in November to keep producing.
For households, cheaper fuel arrived just as the labor market strengthened.
Median household income was $53,657, essentially flat on the prior year, and
the median new home sold for about $288,500. The federal minimum wage stayed
at $7.25 for a fifth year, and a first-class stamp rose to 49 cents.
The Federal Reserve ended its bond purchases in October but left its policy
rate at zero. A stronger dollar helped hold down import prices. Because
energy weighs heavily in the CPI, the late-year slide carried into 2015, which
posted the smallest annual increase of the decade.
MLA: “Inflation from 2007 to 2014: $100 is worth $114 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2007-to-2014/
APA: InflationCalculator.com. Inflation from 2007 to 2014. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2007-to-2014/