$100 in 2012 is worth $137 in 2024,
because prices increased 36.6% over that period, an average of
2.63% a year.
$100 in 2012 has
the same buying power as
$137
in 2024
Detailed inflation statistics
Cumulative price change
36.6%
Average inflation rate
2.63% per year
Converted amount ($100 base)
$137
Price difference ($100 base)
$36.63
CPI in 2012
229.594
CPI in 2024
313.689
Inflation in 2012
2.07%
Inflation in 2024
2.95%
$100 in 2012 → 2024
$137
$100 in 2024 → 2012
$73.19
What happened to prices between 2012 and 2024
Between 2012 and 2024, the Consumer Price Index went from 229.594 to 313.689.
Cumulatively, prices increased 36.6%, which works out to an average of
2.63% per year. Put differently, a dollar in 2012 bought what
$0.73 buys in 2024: the 2012 dollar
lost 26.8% of its purchasing power over
these 12 years.
2012 put a number on what the Federal Reserve was aiming for. In January the
Fed announced a 2% inflation target, and consumer prices rose 2.1% for the
year, almost exactly on it. Gasoline averaged $3.62 a gallon, another annual
high, but the pace of increase cooled from 2011’s 3.2% as food and core prices
grew more slowly.
The bigger story was housing and jobs. Home prices began to recover, and the
median new home sold for about $245,200, up from $227,200 the year before.
Median household income was $51,017. The federal minimum wage held at $7.25,
and a first-class stamp rose to 45 cents.
In September the Fed started a third round of asset purchases, this one with
no fixed end date, aimed at lowering unemployment. Overseas, the European
Central Bank’s July pledge to do “whatever it takes” to save the euro calmed
bond markets. A summer drought across the Midwest drove corn and soybean
prices to records, a shock that reached grocery shelves only partly, because
most of what shoppers pay for food covers processing and transport rather than
raw crops.
Every 2012 amount converts to 2024 at the same ratio, 1.37: $1,000 becomes
$1,366, and $10,000 becomes $13,663.
Amount in 2012
Value in 2024
$1.00
$1.37
$5.00
$6.83
$10.00
$13.66
$20.00
$27.33
$50.00
$68.31
$100
$137
$500
$683
$1,000
$1,366
$5,000
$6,831
$10,000
$13,663
$100,000
$136,628
$1,000,000
$1,366,277
Inflation by spending category, 2012–2024
Between 2012 and 2024, housing rose the most, up 50.0%, while apparel rose the least, up 4.1%, against 36.6% for all items. The headline number is an average; here is what $100 of 2012
spending costs in 2024, by category:
Category
Avg. yearly inflation
$100 in 2012 →
All items (CPI-U)
2.63%
$137
Housing
3.44%
$150
Food
2.92%
$141
Core (all items less food & energy)
2.77%
$139
Medical care
2.59%
$136
Transportation
1.85%
$125
Recreation
1.56%
$120
Energy
1.07%
$114
Education & communication
0.73%
$109
Apparel
0.34%
$104
Decade by decade: 2012 to 2024
Prices climbed fastest in the 2020s, averaging 4.93% a year, and slowest in the 2010s (1.51% a year). Each step below chains into the full 2012–2024 change:
Years
Avg. yearly inflation
Price change
$100 from 2012, at end
2012–2020
1.51%
12.7%
$113
2020–2024
4.93%
21.2%
$137
Year by year: CPI and the value of $100 from 2012
$100 from 2012 had already become $109 by
2018, on its way to $137 in 2024; 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 2024, prices rose 2.9% and $100 from 2012 had the buying
power of $137; the year's average CPI of 313.689 is the level
behind every 2024 figure on this page.
2024 brought inflation close to normal without fully reaching it. Consumer
prices rose 2.9% on average, the smallest yearly increase since 2020, and the
December-to-December rate was also 2.9%. Gasoline averaged $3.30 a gallon,
below 2023’s $3.52. Shelter stayed the biggest driver of the index, so the
pace of price growth in categories that households can’t easily avoid, such as
rent and insurance, lagged the drop in goods and energy costs.
The Federal Reserve declared progress in September, cutting its policy rate
by half a point, the first reduction since the pandemic emergency, and then
by a quarter point in November and again in December. Mortgage rates near 7%
kept the housing market frozen for many would-be buyers.
Median household income was $83,730, the federal minimum wage stayed at $7.25,
and a first-class stamp rose to 73 cents in July. After the November election,
attention turned to how announced tariffs and tax policy might affect prices
in 2025.
MLA: “Inflation from 2012 to 2024: $100 is worth $137 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2012-to-2024/
APA: InflationCalculator.com. Inflation from 2012 to 2024. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2012-to-2024/