$100 in 2013 is worth $103 in 2016,
because prices increased 3.0% over that period, an average of
1.00% a year.
$100 in 2013 has
the same buying power as
$103
in 2016
Detailed inflation statistics
Cumulative price change
3.0%
Average inflation rate
1.00% per year
Converted amount ($100 base)
$103
Price difference ($100 base)
$3.03
CPI in 2013
232.957
CPI in 2016
240.007
Inflation in 2013
1.46%
Inflation in 2016
1.26%
$100 in 2013 → 2016
$103
$100 in 2016 → 2013
$97.06
What happened to prices between 2013 and 2016
Between 2013 and 2016, the Consumer Price Index went from 232.957 to 240.007.
Cumulatively, prices increased 3.0%, which works out to an average of
1.00% per year. Put differently, a dollar in 2013 bought what
$0.97 buys in 2016: the 2013 dollar
lost 2.9% of its purchasing power over
these 3 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 2016 at the same ratio, 1.03: $1,000 becomes
$1,030, and $10,000 becomes $10,303.
Amount in 2013
Value in 2016
$1.00
$1.03
$5.00
$5.15
$10.00
$10.30
$20.00
$20.61
$50.00
$51.51
$100
$103
$500
$515
$1,000
$1,030
$5,000
$5,151
$10,000
$10,303
$100,000
$103,026
$1,000,000
$1,030,263
Inflation by spending category, 2013–2016
Between 2013 and 2016, medical care rose the most, up 9.1%, while energy fell 22.5%, against 3.0% for all items. The headline number is an average; here is what $100 of 2013
spending costs in 2016, by category:
Category
Avg. yearly inflation
$100 in 2013 →
All items (CPI-U)
1.00%
$103
Medical care
2.93%
$109
Housing
2.38%
$107
Core (all items less food & energy)
1.93%
$106
Food
1.51%
$105
Education & communication
0.79%
$102
Recreation
0.49%
$101
Apparel
-0.36%
$98.93
Transportation
-3.58%
$89.64
Energy
-8.13%
$77.55
Year by year: CPI and the value of $100 from 2013
$100 from 2013 had already become $102 by
2014, on its way to $103 in 2016; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 1.6% in 2014, and the smallest rise was 0.1% in 2015.
In 2016, prices rose 1.3% and $100 from 2013 had the buying
power of $103; 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 2013 to 2016: $100 is worth $103 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2013-to-2016/
APA: InflationCalculator.com. Inflation from 2013 to 2016. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2013-to-2016/