$100 in 2007 is worth $151 in 2024,
because prices increased 51.3% over that period, an average of
2.47% a year.
$100 in 2007 has
the same buying power as
$151
in 2024
Detailed inflation statistics
Cumulative price change
51.3%
Average inflation rate
2.47% per year
Converted amount ($100 base)
$151
Price difference ($100 base)
$51.29
CPI in 2007
207.342
CPI in 2024
313.689
Inflation in 2007
2.85%
Inflation in 2024
2.95%
$100 in 2007 → 2024
$151
$100 in 2024 → 2007
$66.10
What happened to prices between 2007 and 2024
Between 2007 and 2024, the Consumer Price Index went from 207.342 to 313.689.
Cumulatively, prices increased 51.3%, which works out to an average of
2.47% per year. Put differently, a dollar in 2007 bought what
$0.66 buys in 2024: the 2007 dollar
lost 33.9% of its purchasing power over
these 17 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 2024 at the same ratio, 1.51: $1,000 becomes
$1,513, and $10,000 becomes $15,129.
Amount in 2007
Value in 2024
$1.00
$1.51
$5.00
$7.56
$10.00
$15.13
$20.00
$30.26
$50.00
$75.65
$100
$151
$500
$756
$1,000
$1,513
$5,000
$7,565
$10,000
$15,129
$100,000
$151,291
$1,000,000
$1,512,906
Inflation by spending category, 2007–2024
Between 2007 and 2024, food rose the most, up 62.8%, while apparel rose the least, up 10.5%, against 51.3% for all items. The headline number is an average; here is what $100 of 2007
spending costs in 2024, by category:
Category
Avg. yearly inflation
$100 in 2007 →
All items (CPI-U)
2.47%
$151
Food
2.91%
$163
Medical care
2.83%
$161
Housing
2.78%
$159
Core (all items less food & energy)
2.47%
$151
Transportation
2.27%
$147
Energy
1.76%
$135
Recreation
1.27%
$124
Education & communication
1.18%
$122
Apparel
0.59%
$110
Decade by decade: 2007 to 2024
Prices climbed fastest in the 2020s, averaging 4.93% a year, and slowest in the 2000s (1.69% a year). Each step below chains into the full 2007–2024 change:
Years
Avg. yearly inflation
Price change
$100 from 2007, at end
2007–2010
1.69%
5.2%
$105
2010–2020
1.73%
18.7%
$125
2020–2024
4.93%
21.2%
$151
Year by year: CPI and the value of $100 from 2007
$100 from 2007 had already become $114 by
2015, on its way to $151 in 2024; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 8.0% in 2022, and prices fell 0.4% in 2009, the deepest deflation of the period.
In 2024, prices rose 2.9% and $100 from 2007 had the buying
power of $151; the year's average CPI of 313.689 is the level
behind every 2024 figure on this page.
2024 brought inflation close to normal without fully reaching it. Consumer
prices rose 2.9% on average, the smallest yearly increase since 2020, and the
December-to-December rate was also 2.9%. Gasoline averaged $3.30 a gallon,
below 2023’s $3.52. Shelter stayed the biggest driver of the index, so the
pace of price growth in categories that households can’t easily avoid, such as
rent and insurance, lagged the drop in goods and energy costs.
The Federal Reserve declared progress in September, cutting its policy rate
by half a point, the first reduction since the pandemic emergency, and then
by a quarter point in November and again in December. Mortgage rates near 7%
kept the housing market frozen for many would-be buyers.
Median household income was $83,730, the federal minimum wage stayed at $7.25,
and a first-class stamp rose to 73 cents in July. After the November election,
attention turned to how announced tariffs and tax policy might affect prices
in 2025.
MLA: “Inflation from 2007 to 2024: $100 is worth $151 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2007-to-2024/
APA: InflationCalculator.com. Inflation from 2007 to 2024. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2007-to-2024/