$100 in 2013 is worth $131 in 2023,
because prices increased 30.8% over that period, an average of
2.72% a year.
$100 in 2013 has
the same buying power as
$131
in 2023
Detailed inflation statistics
Cumulative price change
30.8%
Average inflation rate
2.72% per year
Converted amount ($100 base)
$131
Price difference ($100 base)
$30.80
CPI in 2013
232.957
CPI in 2023
304.702
Inflation in 2013
1.46%
Inflation in 2023
4.12%
$100 in 2013 → 2023
$131
$100 in 2023 → 2013
$76.45
What happened to prices between 2013 and 2023
Between 2013 and 2023, the Consumer Price Index went from 232.957 to 304.702.
Cumulatively, prices increased 30.8%, which works out to an average of
2.72% per year. Put differently, a dollar in 2013 bought what
$0.76 buys in 2023: the 2013 dollar
lost 23.5% of its purchasing power over
these 10 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 2023 at the same ratio, 1.31: $1,000 becomes
$1,308, and $10,000 becomes $13,080.
Amount in 2013
Value in 2023
$1.00
$1.31
$5.00
$6.54
$10.00
$13.08
$20.00
$26.16
$50.00
$65.40
$100
$131
$500
$654
$1,000
$1,308
$5,000
$6,540
$10,000
$13,080
$100,000
$130,798
$1,000,000
$1,307,975
Inflation by spending category, 2013–2023
Between 2013 and 2023, housing rose the most, up 40.8%, while apparel rose the least, up 2.5%, against 30.8% for all items. The headline number is an average; here is what $100 of 2013
spending costs in 2023, by category:
Category
Avg. yearly inflation
$100 in 2013 →
All items (CPI-U)
2.72%
$131
Housing
3.48%
$141
Food
3.14%
$136
Core (all items less food & energy)
2.81%
$132
Medical care
2.59%
$129
Transportation
2.07%
$123
Recreation
1.68%
$118
Energy
1.49%
$116
Education & communication
0.66%
$107
Apparel
0.25%
$102
Decade by decade: 2013 to 2023
Prices climbed fastest in the 2020s, averaging 5.59% a year, and slowest in the 2010s (1.51% a year). Each step below chains into the full 2013–2023 change:
Years
Avg. yearly inflation
Price change
$100 from 2013, at end
2013–2020
1.51%
11.1%
$111
2020–2023
5.59%
17.7%
$131
Year by year: CPI and the value of $100 from 2013
$100 from 2013 had already become $108 by
2018, on its way to $131 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 2013 had the buying
power of $131; 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 2013 to 2023: $100 is worth $131 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2013-to-2023/
APA: InflationCalculator.com. Inflation from 2013 to 2023. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2013-to-2023/