$100 in 2008 is worth $136 in 2022,
because prices increased 35.9% over that period, an average of
2.22% a year.
$100 in 2008 has
the same buying power as
$136
in 2022
Detailed inflation statistics
Cumulative price change
35.9%
Average inflation rate
2.22% per year
Converted amount ($100 base)
$136
Price difference ($100 base)
$35.93
CPI in 2008
215.303
CPI in 2022
292.655
Inflation in 2008
3.84%
Inflation in 2022
8.00%
$100 in 2008 → 2022
$136
$100 in 2022 → 2008
$73.57
What happened to prices between 2008 and 2022
Between 2008 and 2022, the Consumer Price Index went from 215.303 to 292.655.
Cumulatively, prices increased 35.9%, which works out to an average of
2.22% per year. Put differently, a dollar in 2008 bought what
$0.74 buys in 2022: the 2008 dollar
lost 26.4% of its purchasing power over
these 14 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 2022 at the same ratio, 1.36: $1,000 becomes
$1,359, and $10,000 becomes $13,593.
Amount in 2008
Value in 2022
$1.00
$1.36
$5.00
$6.80
$10.00
$13.59
$20.00
$27.19
$50.00
$67.96
$100
$136
$500
$680
$1,000
$1,359
$5,000
$6,796
$10,000
$13,593
$100,000
$135,927
$1,000,000
$1,359,270
Inflation by spending category, 2008–2022
Between 2008 and 2022, medical care rose the most, up 50.1%, while apparel rose the least, up 6.9%, against 35.9% for all items. The headline number is an average; here is what $100 of 2008
spending costs in 2022, by category:
Category
Avg. yearly inflation
$100 in 2008 →
All items (CPI-U)
2.22%
$136
Medical care
2.94%
$150
Food
2.57%
$143
Housing
2.38%
$139
Core (all items less food & energy)
2.25%
$137
Transportation
2.23%
$136
Energy
1.67%
$126
Education & communication
1.09%
$116
Recreation
1.04%
$116
Apparel
0.48%
$107
Decade by decade: 2008 to 2022
Prices climbed fastest in the 2020s, averaging 6.34% a year, and slowest in the 2000s (0.64% a year). Each step below chains into the full 2008–2022 change:
Years
Avg. yearly inflation
Price change
$100 from 2008, at end
2008–2010
0.64%
1.3%
$101
2010–2020
1.73%
18.7%
$120
2020–2022
6.34%
13.1%
$136
Year by year: CPI and the value of $100 from 2008
$100 from 2008 had already become $110 by
2015, on its way to $136 in 2022; 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 2022, prices rose 8.0% and $100 from 2008 had the buying
power of $136; the year's average CPI of 292.655 is the level
behind every 2022 figure on this page.
2022 was the year inflation returned. Consumer prices rose 8.0% on average,
the worst since 1981, driven by pandemic-era supply chains, stimulus-fueled
demand, and an energy shock from the war in Ukraine. Gas briefly topped $5 a
gallon nationally for the first time ever, and “inflation” became the
top-ranked economic concern in nearly every poll of American households.
MLA: “Inflation from 2008 to 2022: $100 is worth $136 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2008-to-2022/
APA: InflationCalculator.com. Inflation from 2008 to 2022. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2008-to-2022/