$100 in 2010 is worth $110 in 2016,
because prices increased 10.1% over that period, an average of
1.61% a year.
$100 in 2010 has
the same buying power as
$110
in 2016
Detailed inflation statistics
Cumulative price change
10.1%
Average inflation rate
1.61% per year
Converted amount ($100 base)
$110
Price difference ($100 base)
$10.07
CPI in 2010
218.056
CPI in 2016
240.007
Inflation in 2010
1.64%
Inflation in 2016
1.26%
$100 in 2010 → 2016
$110
$100 in 2016 → 2010
$90.85
What happened to prices between 2010 and 2016
Between 2010 and 2016, the Consumer Price Index went from 218.056 to 240.007.
Cumulatively, prices increased 10.1%, which works out to an average of
1.61% per year. Put differently, a dollar in 2010 bought what
$0.91 buys in 2016: the 2010 dollar
lost 9.1% of its purchasing power over
these 6 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 2016 at the same ratio, 1.10: $1,000 becomes
$1,101, and $10,000 becomes $11,007.
Amount in 2010
Value in 2016
$1.00
$1.10
$5.00
$5.50
$10.00
$11.01
$20.00
$22.01
$50.00
$55.03
$100
$110
$500
$550
$1,000
$1,101
$5,000
$5,503
$10,000
$11,007
$100,000
$110,067
$1,000,000
$1,100,667
Inflation by spending category, 2010–2016
Between 2010 and 2016, medical care rose the most, up 19.4%, while energy fell 10.4%, against 10.1% for all items. The headline number is an average; here is what $100 of 2010
spending costs in 2016, by category:
Category
Avg. yearly inflation
$100 in 2010 →
All items (CPI-U)
1.61%
$110
Medical care
2.99%
$119
Food
2.04%
$113
Housing
2.03%
$113
Core (all items less food & energy)
1.89%
$112
Education & communication
1.15%
$107
Apparel
0.89%
$105
Recreation
0.53%
$103
Transportation
0.13%
$101
Energy
-1.81%
$89.64
Year by year: CPI and the value of $100 from 2010
$100 from 2010 had already become $107 by
2013, on its way to $110 in 2016; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 3.2% in 2011, and the smallest rise was 0.1% in 2015.
In 2016, prices rose 1.3% and $100 from 2010 had the buying
power of $110; the year's average CPI of 240.007 is the level
behind every 2016 figure on this page.
2016 opened with the cheapest oil in more than a decade and closed with a
change in political direction. Crude fell to about $26 a barrel in February,
and gasoline averaged $2.14 a gallon for the year, its lowest annual
average since 2004. Headline inflation was 1.3%, a modest rebound from 2015’s
0.1%, though prices excluding food and energy rose faster, driven by rents and
health care.
Median household income rose to $59,039, the second large gain in a row, and
the median new home sold for about $307,800. The federal minimum wage held at
$7.25, and a first-class stamp fell to 47 cents after a January rate cut, a
rare decrease.
Two votes changed the outlook. Britain’s June decision to leave the European
Union unsettled currency markets, and the U.S. election in November raised
expectations of tax cuts, deficits, and faster growth, sending long-term
interest rates higher. OPEC’s November output cut ended the oil slump, and the
Federal Reserve made its second rate increase in December, to 0.50–0.75%.
MLA: “Inflation from 2010 to 2016: $100 is worth $110 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2010-to-2016/
APA: InflationCalculator.com. Inflation from 2010 to 2016. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2010-to-2016/