$100 in 2013 is worth $102 in 2014,
because prices increased 1.6% over that period, an average of
1.62% a year.
$100 in 2013 has
the same buying power as
$102
in 2014
Detailed inflation statistics
Cumulative price change
1.6%
Average inflation rate
1.62% per year
Converted amount ($100 base)
$102
Price difference ($100 base)
$1.62
CPI in 2013
232.957
CPI in 2014
236.736
Inflation in 2013
1.46%
Inflation in 2014
1.62%
$100 in 2013 → 2014
$102
$100 in 2014 → 2013
$98.40
What happened to prices between 2013 and 2014
Between 2013 and 2014, the Consumer Price Index went from 232.957 to 236.736.
Cumulatively, prices increased 1.6%, which works out to an average of
1.62% per year. Put differently, a dollar in 2013 bought what
$0.98 buys in 2014: the 2013 dollar
lost 1.6% of its purchasing power over
these 1 years.
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.
Every 2013 amount converts to 2014 at the same ratio, 1.02: $1,000 becomes
$1,016, and $10,000 becomes $10,162.
Amount in 2013
Value in 2014
$1.00
$1.02
$5.00
$5.08
$10.00
$10.16
$20.00
$20.32
$50.00
$50.81
$100
$102
$500
$508
$1,000
$1,016
$5,000
$5,081
$10,000
$10,162
$100,000
$101,622
$1,000,000
$1,016,222
Inflation by spending category, 2013–2014
Between 2013 and 2014, housing rose the most, up 2.6%, while transportation fell 0.7%, against 1.6% for all items. The headline number is an average; here is what $100 of 2013
spending costs in 2014, by category:
Category
Avg. yearly inflation
$100 in 2013 →
All items (CPI-U)
1.62%
$102
Housing
2.58%
$103
Food
2.40%
$102
Medical care
2.39%
$102
Core (all items less food & energy)
1.75%
$102
Education & communication
1.20%
$101
Recreation
0.24%
$100
Apparel
0.08%
$100
Energy
-0.34%
$99.66
Transportation
-0.68%
$99.32
Year by year: CPI and the value of $100 from 2013
$100 from 2013grew to $102 by 2014; each row
shows the CPI, that year's inflation rate, and the running value.
In 2014, prices rose 1.6% and $100 from 2013 had the buying
power of $102; the year's average CPI of 236.736 is the level
behind every 2014 figure on this page.
2014 ended with the sharpest oil price drop in years. Consumer prices rose
1.6% for the year, close to 2013’s pace, but the annual figure hid a shift at
the pump: crude oil fell from above $100 a barrel in June to below $60 in
December, and gasoline finished the year near $2.25 a gallon after averaging
$3.37 across 2014. The drop reflected record U.S. shale output, softer
global demand, and OPEC’s decision in November to keep producing.
For households, cheaper fuel arrived just as the labor market strengthened.
Median household income was $53,657, essentially flat on the prior year, and
the median new home sold for about $288,500. The federal minimum wage stayed
at $7.25 for a fifth year, and a first-class stamp rose to 49 cents.
The Federal Reserve ended its bond purchases in October but left its policy
rate at zero. A stronger dollar helped hold down import prices. Because
energy weighs heavily in the CPI, the late-year slide carried into 2015, which
posted the smallest annual increase of the decade.
MLA: “Inflation from 2013 to 2014: $100 is worth $102 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2013-to-2014/
APA: InflationCalculator.com. Inflation from 2013 to 2014. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2013-to-2014/