$100 in 2007 is worth $118 in 2017,
because prices increased 18.2% over that period, an average of
1.69% a year.
$100 in 2007 has
the same buying power as
$118
in 2017
Detailed inflation statistics
Cumulative price change
18.2%
Average inflation rate
1.69% per year
Converted amount ($100 base)
$118
Price difference ($100 base)
$18.22
CPI in 2007
207.342
CPI in 2017
245.12
Inflation in 2007
2.85%
Inflation in 2017
2.13%
$100 in 2007 → 2017
$118
$100 in 2017 → 2007
$84.59
What happened to prices between 2007 and 2017
Between 2007 and 2017, the Consumer Price Index went from 207.342 to 245.12.
Cumulatively, prices increased 18.2%, which works out to an average of
1.69% per year. Put differently, a dollar in 2007 bought what
$0.85 buys in 2017: the 2007 dollar
lost 15.4% of its purchasing power over
these 10 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 2017 at the same ratio, 1.18: $1,000 becomes
$1,182, and $10,000 becomes $11,822.
Amount in 2007
Value in 2017
$1.00
$1.18
$5.00
$5.91
$10.00
$11.82
$20.00
$23.64
$50.00
$59.11
$100
$118
$500
$591
$1,000
$1,182
$5,000
$5,911
$10,000
$11,822
$100,000
$118,220
$1,000,000
$1,182,201
Inflation by spending category, 2007–2017
Between 2007 and 2017, medical care rose the most, up 35.4%, while energy fell 1.5%, against 18.2% for all items. The headline number is an average; here is what $100 of 2007
spending costs in 2017, by category:
Category
Avg. yearly inflation
$100 in 2007 →
All items (CPI-U)
1.69%
$118
Medical care
3.08%
$135
Food
2.11%
$123
Housing
1.83%
$120
Core (all items less food & energy)
1.81%
$120
Education & communication
1.33%
$114
Transportation
0.88%
$109
Recreation
0.62%
$106
Apparel
0.54%
$106
Energy
-0.15%
$98.47
Decade by decade: 2007 to 2017
Prices climbed fastest in the 2000s, averaging 1.69% a year, and slowest in the 2010s (1.69% a year). Each step below chains into the full 2007–2017 change:
Years
Avg. yearly inflation
Price change
$100 from 2007, at end
2007–2010
1.69%
5.2%
$105
2010–2017
1.69%
12.4%
$118
Year by year: CPI and the value of $100 from 2007
$100 from 2007 had already become $111 by
2012, on its way to $118 in 2017; 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 2017, prices rose 2.1% and $100 from 2007 had the buying
power of $118; the year's average CPI of 245.12 is the level
behind every 2017 figure on this page.
2017 pushed consumer prices back above the Federal Reserve’s 2% target. The
CPI rose 2.1%, the first reading over 2% in five years, helped by a rebound
in energy after OPEC’s output cuts and by a storm-related spike at the pump:
Hurricane Harvey shut a large part of Gulf Coast refining in late August.
Gasoline averaged $2.42 a gallon, up from $2.14 in 2016.
Household incomes kept rising. The median household income reached $61,372,
and the median new home sold for about $322,100. The federal minimum wage
stayed at $7.25, its eighth year at that level, and a first-class stamp rose
to 49 cents.
The Fed raised rates three times, to 1.25–1.50%, and in October began
letting its bond holdings shrink. Congress passed the Tax Cuts and Jobs Act
in December, lowering the corporate rate to 21%. Even with unemployment near
4%, core inflation stayed under 2%, a puzzle that shaped Fed debates for the
next two years.
MLA: “Inflation from 2007 to 2017: $100 is worth $118 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2007-to-2017/
APA: InflationCalculator.com. Inflation from 2007 to 2017. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2007-to-2017/