$100 in 2007 is worth $121 in 2018,
because prices increased 21.1% over that period, an average of
1.76% a year.
$100 in 2007 has
the same buying power as
$121
in 2018
Detailed inflation statistics
Cumulative price change
21.1%
Average inflation rate
1.76% per year
Converted amount ($100 base)
$121
Price difference ($100 base)
$21.11
CPI in 2007
207.342
CPI in 2018
251.107
Inflation in 2007
2.85%
Inflation in 2018
2.44%
$100 in 2007 → 2018
$121
$100 in 2018 → 2007
$82.57
What happened to prices between 2007 and 2018
Between 2007 and 2018, the Consumer Price Index went from 207.342 to 251.107.
Cumulatively, prices increased 21.1%, which works out to an average of
1.76% per year. Put differently, a dollar in 2007 bought what
$0.83 buys in 2018: the 2007 dollar
lost 17.4% of its purchasing power over
these 11 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 2018 at the same ratio, 1.21: $1,000 becomes
$1,211, and $10,000 becomes $12,111.
Amount in 2007
Value in 2018
$1.00
$1.21
$5.00
$6.06
$10.00
$12.11
$20.00
$24.22
$50.00
$60.55
$100
$121
$500
$606
$1,000
$1,211
$5,000
$6,055
$10,000
$12,111
$100,000
$121,108
$1,000,000
$1,211,076
Inflation by spending category, 2007–2018
Between 2007 and 2018, medical care rose the most, up 38.1%, while apparel rose the least, up 5.6%, against 21.1% for all items. The headline number is an average; here is what $100 of 2007
spending costs in 2018, by category:
Category
Avg. yearly inflation
$100 in 2007 →
All items (CPI-U)
1.76%
$121
Medical care
2.98%
$138
Food
2.05%
$125
Housing
1.92%
$123
Core (all items less food & energy)
1.84%
$122
Education & communication
1.23%
$114
Transportation
1.20%
$114
Recreation
0.61%
$107
Energy
0.52%
$106
Apparel
0.50%
$106
Decade by decade: 2007 to 2018
Prices climbed fastest in the 2010s, averaging 1.78% a year, and slowest in the 2000s (1.69% a year). Each step below chains into the full 2007–2018 change:
Years
Avg. yearly inflation
Price change
$100 from 2007, at end
2007–2010
1.69%
5.2%
$105
2010–2018
1.78%
15.2%
$121
Year by year: CPI and the value of $100 from 2007
$100 from 2007 had already become $111 by
2012, on its way to $121 in 2018; 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 2018, prices rose 2.4% and $100 from 2007 had the buying
power of $121; the year's average CPI of 251.107 is the level
behind every 2018 figure on this page.
2018 was the peak of the late-2010s expansion. Consumer prices rose 2.4%,
the fastest since 2011, with gasoline averaging $2.72 a gallon after a summer
high. Unemployment fell to 3.7% in September, the lowest since 1969, and median
household income reached $63,179. The median new home sold for about $331,800,
and a first-class stamp cost 50 cents. The federal minimum wage was still $7.25.
Trade policy became a price factor for the first time in decades. New tariffs
on steel, aluminum, and a growing list of Chinese goods raised costs for
manufacturers and some consumer products, and retaliation cut into exports of
soybeans and other farm goods.
The Federal Reserve, led from February by Jerome Powell, raised rates four
times to 2.25–2.50%. A stock-market drop of nearly 20% in the fourth quarter
led the Fed to signal a pause in early 2019. Oil fell from over $75 a barrel in
October to below $50 by December, which pulled headline inflation lower going
into the next year.
MLA: “Inflation from 2007 to 2018: $100 is worth $121 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2007-to-2018/
APA: InflationCalculator.com. Inflation from 2007 to 2018. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2007-to-2018/