$100 in 2011 is worth $107 in 2016,
because prices increased 6.7% over that period, an average of
1.31% a year.
$100 in 2011 has
the same buying power as
$107
in 2016
Detailed inflation statistics
Cumulative price change
6.7%
Average inflation rate
1.31% per year
Converted amount ($100 base)
$107
Price difference ($100 base)
$6.70
CPI in 2011
224.939
CPI in 2016
240.007
Inflation in 2011
3.16%
Inflation in 2016
1.26%
$100 in 2011 → 2016
$107
$100 in 2016 → 2011
$93.72
What happened to prices between 2011 and 2016
Between 2011 and 2016, the Consumer Price Index went from 224.939 to 240.007.
Cumulatively, prices increased 6.7%, which works out to an average of
1.31% per year. Put differently, a dollar in 2011 bought what
$0.94 buys in 2016: the 2011 dollar
lost 6.3% of its purchasing power over
these 5 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 2016 at the same ratio, 1.07: $1,000 becomes
$1,067, and $10,000 becomes $10,670.
Amount in 2011
Value in 2016
$1.00
$1.07
$5.00
$5.33
$10.00
$10.67
$20.00
$21.34
$50.00
$53.35
$100
$107
$500
$533
$1,000
$1,067
$5,000
$5,335
$10,000
$10,670
$100,000
$106,699
$1,000,000
$1,066,987
Inflation by spending category, 2011–2016
Between 2011 and 2016, medical care rose the most, up 15.8%, while energy fell 22.3%, against 6.7% for all items. The headline number is an average; here is what $100 of 2011
spending costs in 2016, by category:
Category
Avg. yearly inflation
$100 in 2011 →
All items (CPI-U)
1.31%
$107
Medical care
2.99%
$116
Housing
2.17%
$111
Core (all items less food & energy)
1.93%
$110
Food
1.70%
$109
Education & communication
1.14%
$106
Apparel
0.64%
$103
Recreation
0.63%
$103
Transportation
-1.70%
$91.77
Energy
-4.92%
$77.71
Year by year: CPI and the value of $100 from 2011
$100 from 2011 had already become $104 by
2013, on its way to $107 in 2016; 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 0.1% in 2015.
In 2016, prices rose 1.3% and $100 from 2011 had the buying
power of $107; 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 2011 to 2016: $100 is worth $107 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2011-to-2016/
APA: InflationCalculator.com. Inflation from 2011 to 2016. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2011-to-2016/