Between 2008 and 2016, the Consumer Price Index went from 215.303 to 240.007.
Cumulatively, prices increased 11.5%, which works out to an average of
1.37% per year. Put differently, a dollar in 2008 bought what
$0.90 buys in 2016.
Common amounts: 2008 dollars in 2016
Amount in 2008
Value in 2016
$1.00
$1.11
$5.00
$5.57
$10.00
$11.15
$20.00
$22.29
$50.00
$55.74
$100
$111
$500
$557
$1,000
$1,115
$5,000
$5,574
$10,000
$11,147
$100,000
$111,474
$1,000,000
$1,114,741
Inflation by spending category, 2008–2016
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 2008 spending costs in 2016, by category:
MLA: “Inflation from 2008 to 2016: $100 is worth $111 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2008-to-2016/
APA: InflationCalculator.com. Inflation from 2008 to 2016. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2008-to-2016/