$100 in 2010 is worth $112 in 2017,
because prices increased 12.4% over that period, an average of
1.69% a year.
$100 in 2010 has
the same buying power as
$112
in 2017
Detailed inflation statistics
Cumulative price change
12.4%
Average inflation rate
1.69% per year
Converted amount ($100 base)
$112
Price difference ($100 base)
$12.41
CPI in 2010
218.056
CPI in 2017
245.12
Inflation in 2010
1.64%
Inflation in 2017
2.13%
$100 in 2010 → 2017
$112
$100 in 2017 → 2010
$88.96
What happened to prices between 2010 and 2017
Between 2010 and 2017, the Consumer Price Index went from 218.056 to 245.12.
Cumulatively, prices increased 12.4%, which works out to an average of
1.69% per year. Put differently, a dollar in 2010 bought what
$0.89 buys in 2017: the 2010 dollar
lost 11.0% of its purchasing power over
these 7 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 2017 at the same ratio, 1.12: $1,000 becomes
$1,124, and $10,000 becomes $11,241.
Amount in 2010
Value in 2017
$1.00
$1.12
$5.00
$5.62
$10.00
$11.24
$20.00
$22.48
$50.00
$56.21
$100
$112
$500
$562
$1,000
$1,124
$5,000
$5,621
$10,000
$11,241
$100,000
$112,411
$1,000,000
$1,124,115
Inflation by spending category, 2010–2017
Between 2010 and 2017, medical care rose the most, up 22.4%, while energy fell 3.3%, against 12.4% for all items. The headline number is an average; here is what $100 of 2010
spending costs in 2017, by category:
Category
Avg. yearly inflation
$100 in 2010 →
All items (CPI-U)
1.69%
$112
Medical care
2.93%
$122
Housing
2.16%
$116
Core (all items less food & energy)
1.88%
$114
Food
1.87%
$114
Apparel
0.71%
$105
Education & communication
0.71%
$105
Recreation
0.64%
$105
Transportation
0.59%
$104
Energy
-0.47%
$96.73
Year by year: CPI and the value of $100 from 2010
$100 from 2010 had already become $107 by
2013, on its way to $112 in 2017; 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 2017, prices rose 2.1% and $100 from 2010 had the buying
power of $112; the year's average CPI of 245.12 is the level
behind every 2017 figure on this page.
2017 pushed consumer prices back above the Federal Reserve’s 2% target. The
CPI rose 2.1%, the first reading over 2% in five years, helped by a rebound
in energy after OPEC’s output cuts and by a storm-related spike at the pump:
Hurricane Harvey shut a large part of Gulf Coast refining in late August.
Gasoline averaged $2.42 a gallon, up from $2.14 in 2016.
Household incomes kept rising. The median household income reached $61,372,
and the median new home sold for about $322,100. The federal minimum wage
stayed at $7.25, its eighth year at that level, and a first-class stamp rose
to 49 cents.
The Fed raised rates three times, to 1.25–1.50%, and in October began
letting its bond holdings shrink. Congress passed the Tax Cuts and Jobs Act
in December, lowering the corporate rate to 21%. Even with unemployment near
4%, core inflation stayed under 2%, a puzzle that shaped Fed debates for the
next two years.
MLA: “Inflation from 2010 to 2017: $100 is worth $112 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2010-to-2017/
APA: InflationCalculator.com. Inflation from 2010 to 2017. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2010-to-2017/