$100 in 2011 is worth $104 in 2013,
because prices increased 3.6% over that period, an average of
1.77% a year.
$100 in 2011 has
the same buying power as
$104
in 2013
Detailed inflation statistics
Cumulative price change
3.6%
Average inflation rate
1.77% per year
Converted amount ($100 base)
$104
Price difference ($100 base)
$3.56
CPI in 2011
224.939
CPI in 2013
232.957
Inflation in 2011
3.16%
Inflation in 2013
1.46%
$100 in 2011 → 2013
$104
$100 in 2013 → 2011
$96.56
What happened to prices between 2011 and 2013
Between 2011 and 2013, the Consumer Price Index went from 224.939 to 232.957.
Cumulatively, prices increased 3.6%, which works out to an average of
1.77% per year. Put differently, a dollar in 2011 bought what
$0.97 buys in 2013: the 2011 dollar
lost 3.4% of its purchasing power over
these 2 years.
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.
Every 2011 amount converts to 2013 at the same ratio, 1.04: $1,000 becomes
$1,036, and $10,000 becomes $10,356.
Amount in 2011
Value in 2013
$1.00
$1.04
$5.00
$5.18
$10.00
$10.36
$20.00
$20.71
$50.00
$51.78
$100
$104
$500
$518
$1,000
$1,036
$5,000
$5,178
$10,000
$10,356
$100,000
$103,565
$1,000,000
$1,035,645
Inflation by spending category, 2011–2013
Between 2011 and 2013, medical care rose the most, up 6.2%, while energy rose the least, up 0.2%, against 3.6% for all items. The headline number is an average; here is what $100 of 2011
spending costs in 2013, by category:
Category
Avg. yearly inflation
$100 in 2011 →
All items (CPI-U)
1.77%
$104
Medical care
3.06%
$106
Apparel
2.15%
$104
Food
2.00%
$104
Core (all items less food & energy)
1.94%
$104
Housing
1.87%
$104
Education & communication
1.67%
$103
Transportation
1.18%
$102
Recreation
0.84%
$102
Energy
0.10%
$100
Year by year: CPI and the value of $100 from 2011
$100 from 2011 had already become $102 by
2012, on its way to $104 in 2013; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 2.1% in 2012, and the smallest rise was 1.5% in 2013.
In 2013, prices rose 1.5% and $100 from 2011 had the buying
power of $104; the year's average CPI of 232.957 is the level
behind every 2013 figure on this page.
2013 was a low-inflation year with a lot of noise around the Federal Reserve.
Consumer prices rose 1.5%, below the Fed’s 2% target, and gasoline eased to an
average of $3.51 a gallon. Housing was the exception: the median new home sold
for about $268,900, up sharply from $245,200 in 2012, as the market recovered
from its post-crisis bottom.
The Fed dominated the news. Chairman Ben Bernanke’s May comments about slowing
bond purchases pushed long-term interest rates up by roughly a percentage
point that summer, and mortgages became more expensive within weeks. In
December the Fed finally announced a first small cut to its purchases while
promising to keep short-term rates near zero for a long time.
Washington added its own disruption. A 16-day government shutdown in October
delayed data releases and left a hole in that month’s CPI collection. Median
household income was reported at $53,585, the federal minimum wage stayed at
$7.25, and a first-class stamp cost 46 cents. The decade’s pattern was taking
shape: slow price growth, ultra-low interest rates, and a labor market that
improved gradually.
MLA: “Inflation from 2011 to 2013: $100 is worth $104 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2011-to-2013/
APA: InflationCalculator.com. Inflation from 2011 to 2013. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2011-to-2013/