$100 in 2010 is worth $140 in 2023,
because prices increased 39.7% over that period, an average of
2.61% a year.
$100 in 2010 has
the same buying power as
$140
in 2023
Detailed inflation statistics
Cumulative price change
39.7%
Average inflation rate
2.61% per year
Converted amount ($100 base)
$140
Price difference ($100 base)
$39.74
CPI in 2010
218.056
CPI in 2023
304.702
Inflation in 2010
1.64%
Inflation in 2023
4.12%
$100 in 2010 → 2023
$140
$100 in 2023 → 2010
$71.56
What happened to prices between 2010 and 2023
Between 2010 and 2023, the Consumer Price Index went from 218.056 to 304.702.
Cumulatively, prices increased 39.7%, which works out to an average of
2.61% per year. Put differently, a dollar in 2010 bought what
$0.72 buys in 2023: the 2010 dollar
lost 28.4% of its purchasing power over
these 13 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 2023 at the same ratio, 1.40: $1,000 becomes
$1,397, and $10,000 becomes $13,974.
Amount in 2010
Value in 2023
$1.00
$1.40
$5.00
$6.99
$10.00
$13.97
$20.00
$27.95
$50.00
$69.87
$100
$140
$500
$699
$1,000
$1,397
$5,000
$6,987
$10,000
$13,974
$100,000
$139,736
$1,000,000
$1,397,357
Inflation by spending category, 2010–2023
Between 2010 and 2023, housing rose the most, up 48.1%, while apparel rose the least, up 9.3%, against 39.7% for all items. The headline number is an average; here is what $100 of 2010
spending costs in 2023, by category:
Category
Avg. yearly inflation
$100 in 2010 →
All items (CPI-U)
2.61%
$140
Housing
3.06%
$148
Food
3.01%
$147
Medical care
2.70%
$141
Core (all items less food & energy)
2.58%
$139
Transportation
2.51%
$138
Energy
2.28%
$134
Recreation
1.42%
$120
Education & communication
0.86%
$112
Apparel
0.68%
$109
Decade by decade: 2010 to 2023
Prices climbed fastest in the 2020s, averaging 5.59% a year, and slowest in the 2010s (1.73% a year). Each step below chains into the full 2010–2023 change:
Years
Avg. yearly inflation
Price change
$100 from 2010, at end
2010–2020
1.73%
18.7%
$119
2020–2023
5.59%
17.7%
$140
Year by year: CPI and the value of $100 from 2010
$100 from 2010 had already become $110 by
2016, on its way to $140 in 2023; 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 the smallest rise was 0.1% in 2015.
In 2023, prices rose 4.1% and $100 from 2010 had the buying
power of $140; the year's average CPI of 304.702 is the level
behind every 2023 figure on this page.
2023 was the year inflation came down without a recession. Consumer prices
rose 4.1% on average, roughly half of 2022’s 8.0%, and the December-to-December
rate fell to 3.4%. Gasoline averaged $3.52 a gallon, well below the 2022
average, and supply-chain pressure on goods eased. Shelter, restaurant meals,
and other services stayed expensive, so the CPI kept rising at a rate well
above the pre-pandemic pace.
The Federal Reserve completed its rate-hiking campaign in July, taking the
policy rate to 5.25–5.50%, the highest level in 22 years. The effects showed
up in banking: Silicon Valley Bank failed in March after rate increases eroded
the value of its bond portfolio, the second-largest bank failure in U.S.
history at the time. Despite that, unemployment stayed under 4% all year.
Median household income was $80,610 according to the Census Bureau. The
federal minimum wage stayed at $7.25, and a first-class stamp rose to 66 cents
in July.
MLA: “Inflation from 2010 to 2023: $100 is worth $140 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2010-to-2023/
APA: InflationCalculator.com. Inflation from 2010 to 2023. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2010-to-2023/