$100 in 2011 is worth $135 in 2023,
because prices increased 35.5% over that period, an average of
2.56% a year.
$100 in 2011 has
the same buying power as
$135
in 2023
Detailed inflation statistics
Cumulative price change
35.5%
Average inflation rate
2.56% per year
Converted amount ($100 base)
$135
Price difference ($100 base)
$35.46
CPI in 2011
224.939
CPI in 2023
304.702
Inflation in 2011
3.16%
Inflation in 2023
4.12%
$100 in 2011 → 2023
$135
$100 in 2023 → 2011
$73.82
What happened to prices between 2011 and 2023
Between 2011 and 2023, the Consumer Price Index went from 224.939 to 304.702.
Cumulatively, prices increased 35.5%, which works out to an average of
2.56% per year. Put differently, a dollar in 2011 bought what
$0.74 buys in 2023: the 2011 dollar
lost 26.2% of its purchasing power over
these 12 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 2023 at the same ratio, 1.35: $1,000 becomes
$1,355, and $10,000 becomes $13,546.
Amount in 2011
Value in 2023
$1.00
$1.35
$5.00
$6.77
$10.00
$13.55
$20.00
$27.09
$50.00
$67.73
$100
$135
$500
$677
$1,000
$1,355
$5,000
$6,773
$10,000
$13,546
$100,000
$135,460
$1,000,000
$1,354,598
Inflation by spending category, 2011–2023
Between 2011 and 2023, housing rose the most, up 46.1%, while apparel rose the least, up 6.9%, against 35.5% for all items. The headline number is an average; here is what $100 of 2011
spending costs in 2023, by category:
Category
Avg. yearly inflation
$100 in 2011 →
All items (CPI-U)
2.56%
$135
Housing
3.21%
$146
Food
2.95%
$142
Medical care
2.67%
$137
Core (all items less food & energy)
2.66%
$137
Transportation
1.93%
$126
Recreation
1.54%
$120
Energy
1.25%
$116
Education & communication
0.83%
$110
Apparel
0.56%
$107
Decade by decade: 2011 to 2023
Prices climbed fastest in the 2020s, averaging 5.59% a year, and slowest in the 2010s (1.57% a year). Each step below chains into the full 2011–2023 change:
Years
Avg. yearly inflation
Price change
$100 from 2011, at end
2011–2020
1.57%
15.1%
$115
2020–2023
5.59%
17.7%
$135
Year by year: CPI and the value of $100 from 2011
$100 from 2011 had already become $109 by
2017, on its way to $135 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 2011 had the buying
power of $135; 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 2011 to 2023: $100 is worth $135 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2011-to-2023/
APA: InflationCalculator.com. Inflation from 2011 to 2023. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2011-to-2023/