U.S. inflation · 2008–2023
$100 in 2008 has the same buying power as
$142
in 2023
| Cumulative price change | 41.5% |
|---|---|
| Average inflation rate | 2.34% per year |
| Converted amount ($100 base) | $142 |
| Price difference ($100 base) | $41.52 |
| CPI in 2008 | 215.303 |
| CPI in 2023 | 304.702 |
| Inflation in 2008 | 3.84% |
| Inflation in 2023 | 4.12% |
| $100 in 2008 → 2023 | $142 |
| $100 in 2023 → 2008 | $70.66 |
Between 2008 and 2023, the Consumer Price Index went from 215.303 to 304.702. Cumulatively, prices increased 41.5%, which works out to an average of 2.34% per year. Put differently, a dollar in 2008 bought what $0.71 buys in 2023.
| Amount in 2008 | Value in 2023 |
|---|---|
| $1.00 | $1.42 |
| $5.00 | $7.08 |
| $10.00 | $14.15 |
| $20.00 | $28.30 |
| $50.00 | $70.76 |
| $100 | $142 |
| $500 | $708 |
| $1,000 | $1,415 |
| $5,000 | $7,076 |
| $10,000 | $14,152 |
| $100,000 | $141,522 |
| $1,000,000 | $1,415,224 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 2008 spending costs in 2023, by category:
| Category | Avg. yearly inflation | $100 in 2008 → |
|---|---|---|
| All items (CPI-U) | 2.34% | $142 |
| Food | 2.78% | $151 |
| Medical care | 2.78% | $151 |
| Housing | 2.65% | $148 |
| Core (all items less food & energy) | 2.42% | $143 |
| Transportation | 2.10% | $137 |
| Recreation | 1.23% | $120 |
| Energy | 1.21% | $120 |
| Education & communication | 1.08% | $117 |
| Apparel | 0.63% | $110 |
| Year | CPI | Inflation rate | $100 from 2008 |
|---|---|---|---|
| 2008 | 215.303 | 3.8% | $100 |
| 2009 | 214.537 | -0.4% | $99.64 |
| 2010 | 218.056 | 1.6% | $101 |
| 2011 | 224.939 | 3.2% | $104 |
| 2012 | 229.594 | 2.1% | $107 |
| 2013 | 232.957 | 1.5% | $108 |
| 2014 | 236.736 | 1.6% | $110 |
| 2015 | 237.017 | 0.1% | $110 |
| 2016 | 240.007 | 1.3% | $111 |
| 2017 | 245.12 | 2.1% | $114 |
| 2018 | 251.107 | 2.4% | $117 |
| 2019 | 255.657 | 1.8% | $119 |
| 2020 | 258.811 | 1.2% | $120 |
| 2021 | 270.97 | 4.7% | $126 |
| 2022 | 292.655 | 8.0% | $136 |
| 2023 | 304.702 | 4.1% | $142 |
MLA: “Inflation from 2008 to 2023: $100 is worth $142 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2008-to-2023/
APA: InflationCalculator.com. Inflation from 2008 to 2023. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2008-to-2023/
Source: U.S. Bureau of Labor Statistics, CPI-U annual averages (series CUUR0000SA0; category indexes listed on the data sources page). See how these numbers are calculated.