$100 in 2008 is worth $110 in 2014,
because prices increased 10.0% over that period, an average of
1.59% a year.
$100 in 2008 has
the same buying power as
$110
in 2014
Detailed inflation statistics
Cumulative price change
10.0%
Average inflation rate
1.59% per year
Converted amount ($100 base)
$110
Price difference ($100 base)
$9.95
CPI in 2008
215.303
CPI in 2014
236.736
Inflation in 2008
3.84%
Inflation in 2014
1.62%
$100 in 2008 → 2014
$110
$100 in 2014 → 2008
$90.95
What happened to prices between 2008 and 2014
Between 2008 and 2014, the Consumer Price Index went from 215.303 to 236.736.
Cumulatively, prices increased 10.0%, which works out to an average of
1.59% per year. Put differently, a dollar in 2008 bought what
$0.91 buys in 2014: the 2008 dollar
lost 9.1% of its purchasing power over
these 6 years.
Inflation averaged 3.8% in 2008, but that figure hides a swing. The 12-month rate reached 5.6% in
July, when oil hit $147 a barrel and gasoline passed $4 a gallon, then fell to 0.1% by December
as crude dropped near $40. For the year, gas averaged $3.27, the highest yet. The financial
system broke in the fall: Lehman Brothers filed for bankruptcy on September 15, Congress
created the $700 billion TARP bank rescue on October 3, and the Federal Reserve cut its policy
rate to a range of 0–0.25% in December. The median household earned about $50,300, barely
above 2007, and the median new home price fell to $232,100. The minimum wage rose to $6.55 in
July, and a first-class stamp cost 42 cents. The price collapse at the end of 2008 set up the
deflation of 2009.
Every 2008 amount converts to 2014 at the same ratio, 1.10: $1,000 becomes
$1,100, and $10,000 becomes $10,995.
Amount in 2008
Value in 2014
$1.00
$1.10
$5.00
$5.50
$10.00
$11.00
$20.00
$21.99
$50.00
$54.98
$100
$110
$500
$550
$1,000
$1,100
$5,000
$5,498
$10,000
$10,995
$100,000
$109,955
$1,000,000
$1,099,548
Inflation by spending category, 2008–2014
Between 2008 and 2014, medical care rose the most, up 19.6%, while recreation rose the least, up 2.0%, against 10.0% for all items. The headline number is an average; here is what $100 of 2008
spending costs in 2014, by category:
Category
Avg. yearly inflation
$100 in 2008 →
All items (CPI-U)
1.59%
$110
Medical care
3.02%
$120
Food
2.11%
$113
Education & communication
1.79%
$111
Transportation
1.67%
$110
Core (all items less food & energy)
1.66%
$110
Housing
1.27%
$108
Apparel
1.17%
$107
Energy
0.48%
$103
Recreation
0.33%
$102
Decade by decade: 2008 to 2014
Prices climbed fastest in the 2010s, averaging 2.08% a year, and slowest in the 2000s (0.64% a year). Each step below chains into the full 2008–2014 change:
Years
Avg. yearly inflation
Price change
$100 from 2008, at end
2008–2010
0.64%
1.3%
$101
2010–2014
2.08%
8.6%
$110
Year by year: CPI and the value of $100 from 2008
$100 from 2008 had already become $104 by
2011, on its way to $110 in 2014; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 3.2% in 2011, and prices fell 0.4% in 2009, the deepest deflation of the period.
In 2014, prices rose 1.6% and $100 from 2008 had the buying
power of $110; 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 2008 to 2014: $100 is worth $110 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2008-to-2014/
APA: InflationCalculator.com. Inflation from 2008 to 2014. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2008-to-2014/