$100 in 2008 is worth $146 in 2024,
because prices increased 45.7% over that period, an average of
2.38% a year.
$100 in 2008 has
the same buying power as
$146
in 2024
Detailed inflation statistics
Cumulative price change
45.7%
Average inflation rate
2.38% per year
Converted amount ($100 base)
$146
Price difference ($100 base)
$45.70
CPI in 2008
215.303
CPI in 2024
313.689
Inflation in 2008
3.84%
Inflation in 2024
2.95%
$100 in 2008 → 2024
$146
$100 in 2024 → 2008
$68.64
What happened to prices between 2008 and 2024
Between 2008 and 2024, the Consumer Price Index went from 215.303 to 313.689.
Cumulatively, prices increased 45.7%, which works out to an average of
2.38% per year. Put differently, a dollar in 2008 bought what
$0.69 buys in 2024: the 2008 dollar
lost 31.4% of its purchasing power over
these 16 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 2024 at the same ratio, 1.46: $1,000 becomes
$1,457, and $10,000 becomes $14,570.
Amount in 2008
Value in 2024
$1.00
$1.46
$5.00
$7.28
$10.00
$14.57
$20.00
$29.14
$50.00
$72.85
$100
$146
$500
$728
$1,000
$1,457
$5,000
$7,285
$10,000
$14,570
$100,000
$145,697
$1,000,000
$1,456,965
Inflation by spending category, 2008–2024
Between 2008 and 2024, medical care rose the most, up 54.9%, while apparel rose the least, up 10.6%, against 45.7% for all items. The headline number is an average; here is what $100 of 2008
spending costs in 2024, by category:
Category
Avg. yearly inflation
$100 in 2008 →
All items (CPI-U)
2.38%
$146
Medical care
2.77%
$155
Housing
2.76%
$155
Food
2.75%
$154
Core (all items less food & energy)
2.48%
$148
Transportation
2.05%
$138
Recreation
1.25%
$122
Education & communication
1.05%
$118
Energy
1.05%
$118
Apparel
0.63%
$111
Decade by decade: 2008 to 2024
Prices climbed fastest in the 2020s, averaging 4.93% a year, and slowest in the 2000s (0.64% a year). Each step below chains into the full 2008–2024 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
2020–2024
4.93%
21.2%
$146
Year by year: CPI and the value of $100 from 2008
$100 from 2008 had already become $111 by
2016, on its way to $146 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 2008 had the buying
power of $146; 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 2008 to 2024: $100 is worth $146 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2008-to-2024/
APA: InflationCalculator.com. Inflation from 2008 to 2024. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2008-to-2024/