$100 in 2010 is worth $103 in 2011,
because prices increased 3.2% over that period, an average of
3.16% a year.
$100 in 2010 has
the same buying power as
$103
in 2011
Detailed inflation statistics
Cumulative price change
3.2%
Average inflation rate
3.16% per year
Converted amount ($100 base)
$103
Price difference ($100 base)
$3.16
CPI in 2010
218.056
CPI in 2011
224.939
Inflation in 2010
1.64%
Inflation in 2011
3.16%
$100 in 2010 → 2011
$103
$100 in 2011 → 2010
$96.94
What happened to prices between 2010 and 2011
Between 2010 and 2011, the Consumer Price Index went from 218.056 to 224.939.
Cumulatively, prices increased 3.2%, which works out to an average of
3.16% per year. Put differently, a dollar in 2010 bought what
$0.97 buys in 2011: the 2010 dollar
lost 3.1% of its purchasing power over
these 1 years.
2010 was a year of recovery without much price pressure. The CPI rose 1.6%, a
return to growth after 2009’s deflation, with gasoline averaging $2.78 a
gallon as energy prices climbed back from their recession lows. Housing costs
barely moved: millions of foreclosed and vacant homes kept rents soft, and the
median new home sold for about $221,800. The federal minimum wage stayed at
$7.25, the level set in July 2009, and a first-class stamp cost 44 cents.
The Federal Reserve was more worried about too little inflation than too
much. Its policy rate sat at 0–0.25%, and in November it announced a further
$600 billion of Treasury purchases to hold down long-term borrowing costs.
Congress passed the Dodd-Frank Act in July to tighten financial regulation,
while a 110 billion euro rescue of Greece in May showed that the crisis had
moved from American mortgages to European government debt. For anyone
comparing dollars across the decade, 2010 is a useful baseline: prices were
still close to their 2008 levels, and the years ahead brought a slow, steady
climb.
Every 2010 amount converts to 2011 at the same ratio, 1.03: $1,000 becomes
$1,032, and $10,000 becomes $10,316.
Amount in 2010
Value in 2011
$1.00
$1.03
$5.00
$5.16
$10.00
$10.32
$20.00
$20.63
$50.00
$51.58
$100
$103
$500
$516
$1,000
$1,032
$5,000
$5,158
$10,000
$10,316
$100,000
$103,157
$1,000,000
$1,031,565
Inflation by spending category, 2010–2011
Between 2010 and 2011, energy rose the most, up 15.4%, while recreation rose the least, up 0.0%, against 3.2% for all items. The headline number is an average; here is what $100 of 2010
spending costs in 2011, by category:
Category
Avg. yearly inflation
$100 in 2010 →
All items (CPI-U)
3.16%
$103
Energy
15.35%
$115
Transportation
9.81%
$110
Food
3.74%
$104
Medical care
3.04%
$103
Apparel
2.18%
$102
Core (all items less food & energy)
1.66%
$102
Housing
1.32%
$101
Education & communication
1.19%
$101
Recreation
0.04%
$100
Year by year: CPI and the value of $100 from 2010
$100 from 2010grew to $103 by 2011; each row
shows the CPI, that year's inflation rate, and the running value.
In 2011, prices rose 3.2% and $100 from 2010 had the buying
power of $103; the year's average CPI of 224.939 is the level
behind every 2011 figure on this page.
2011 brought the fastest inflation of the post-recession recovery. Consumer
prices rose 3.2%, roughly double the 2010 pace, and the cause was mostly at the
pump and the grocery store. Unrest across the Middle East and North Africa,
including the war in Libya, pushed gasoline to an annual average of $3.52 a
gallon, the highest yearly figure recorded to that point. Food prices also
rose faster than the overall index.
Household budgets did not keep up. The median household income was $50,054,
barely above the year before, and the median new home sold for about $227,200.
The federal minimum wage stayed at $7.25 and a first-class stamp at 44 cents.
Policy stayed loose. The Federal Reserve kept its policy rate near zero and
launched Operation Twist in September to lower long-term rates. Washington
spent the summer in a debt-ceiling fight that ended in S&P’s August downgrade
of the U.S. credit rating. The inflation spike proved temporary: the
2011 rate was the high point of the early 2010s, and prices grew more slowly
in every year that followed until 2017.
MLA: “Inflation from 2010 to 2011: $100 is worth $103 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2010-to-2011/
APA: InflationCalculator.com. Inflation from 2010 to 2011. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2010-to-2011/