$100 in 2007 is worth $116 in 2016,
because prices increased 15.8% over that period, an average of
1.64% a year.
$100 in 2007 has
the same buying power as
$116
in 2016
Detailed inflation statistics
Cumulative price change
15.8%
Average inflation rate
1.64% per year
Converted amount ($100 base)
$116
Price difference ($100 base)
$15.75
CPI in 2007
207.342
CPI in 2016
240.007
Inflation in 2007
2.85%
Inflation in 2016
1.26%
$100 in 2007 → 2016
$116
$100 in 2016 → 2007
$86.39
What happened to prices between 2007 and 2016
Between 2007 and 2016, the Consumer Price Index went from 207.342 to 240.007.
Cumulatively, prices increased 15.8%, which works out to an average of
1.64% per year. Put differently, a dollar in 2007 bought what
$0.86 buys in 2016: the 2007 dollar
lost 13.6% of its purchasing power over
these 9 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 2016 at the same ratio, 1.16: $1,000 becomes
$1,158, and $10,000 becomes $11,575.
Amount in 2007
Value in 2016
$1.00
$1.16
$5.00
$5.79
$10.00
$11.58
$20.00
$23.15
$50.00
$57.88
$100
$116
$500
$579
$1,000
$1,158
$5,000
$5,788
$10,000
$11,575
$100,000
$115,754
$1,000,000
$1,157,542
Inflation by spending category, 2007–2016
Between 2007 and 2016, medical care rose the most, up 32.1%, while energy fell 8.8%, against 15.8% for all items. The headline number is an average; here is what $100 of 2007
spending costs in 2016, by category:
Category
Avg. yearly inflation
$100 in 2007 →
All items (CPI-U)
1.64%
$116
Medical care
3.14%
$132
Food
2.25%
$122
Core (all items less food & energy)
1.81%
$117
Housing
1.70%
$116
Education & communication
1.70%
$116
Apparel
0.64%
$106
Transportation
0.60%
$106
Recreation
0.54%
$105
Energy
-1.01%
$91.24
Decade by decade: 2007 to 2016
Prices climbed fastest in the 2000s, averaging 1.69% a year, and slowest in the 2010s (1.61% a year). Each step below chains into the full 2007–2016 change:
Years
Avg. yearly inflation
Price change
$100 from 2007, at end
2007–2010
1.69%
5.2%
$105
2010–2016
1.61%
10.1%
$116
Year by year: CPI and the value of $100 from 2007
$100 from 2007 had already become $108 by
2011, on its way to $116 in 2016; 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 2016, prices rose 1.3% and $100 from 2007 had the buying
power of $116; the year's average CPI of 240.007 is the level
behind every 2016 figure on this page.
2016 opened with the cheapest oil in more than a decade and closed with a
change in political direction. Crude fell to about $26 a barrel in February,
and gasoline averaged $2.14 a gallon for the year, its lowest annual
average since 2004. Headline inflation was 1.3%, a modest rebound from 2015’s
0.1%, though prices excluding food and energy rose faster, driven by rents and
health care.
Median household income rose to $59,039, the second large gain in a row, and
the median new home sold for about $307,800. The federal minimum wage held at
$7.25, and a first-class stamp fell to 47 cents after a January rate cut, a
rare decrease.
Two votes changed the outlook. Britain’s June decision to leave the European
Union unsettled currency markets, and the U.S. election in November raised
expectations of tax cuts, deficits, and faster growth, sending long-term
interest rates higher. OPEC’s November output cut ended the oil slump, and the
Federal Reserve made its second rate increase in December, to 0.50–0.75%.
MLA: “Inflation from 2007 to 2016: $100 is worth $116 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2007-to-2016/
APA: InflationCalculator.com. Inflation from 2007 to 2016. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2007-to-2016/