$100 in 2014 is worth $101 in 2016,
because prices increased 1.4% over that period, an average of
0.69% a year.
$100 in 2014 has
the same buying power as
$101
in 2016
Detailed inflation statistics
Cumulative price change
1.4%
Average inflation rate
0.69% per year
Converted amount ($100 base)
$101
Price difference ($100 base)
$1.38
CPI in 2014
236.736
CPI in 2016
240.007
Inflation in 2014
1.62%
Inflation in 2016
1.26%
$100 in 2014 → 2016
$101
$100 in 2016 → 2014
$98.64
What happened to prices between 2014 and 2016
Between 2014 and 2016, the Consumer Price Index went from 236.736 to 240.007.
Cumulatively, prices increased 1.4%, which works out to an average of
0.69% per year. Put differently, a dollar in 2014 bought what
$0.99 buys in 2016: the 2014 dollar
lost 1.4% of its purchasing power over
these 2 years.
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.
Every 2014 amount converts to 2016 at the same ratio, 1.01: $1,000 becomes
$1,014, and $10,000 becomes $10,138.
Amount in 2014
Value in 2016
$1.00
$1.01
$5.00
$5.07
$10.00
$10.14
$20.00
$20.28
$50.00
$50.69
$100
$101
$500
$507
$1,000
$1,014
$5,000
$5,069
$10,000
$10,138
$100,000
$101,382
$1,000,000
$1,013,817
Inflation by spending category, 2014–2016
Between 2014 and 2016, medical care rose the most, up 6.5%, while energy fell 22.2%, against 1.4% for all items. The headline number is an average; here is what $100 of 2014
spending costs in 2016, by category:
Category
Avg. yearly inflation
$100 in 2014 →
All items (CPI-U)
0.69%
$101
Medical care
3.21%
$107
Housing
2.28%
$105
Core (all items less food & energy)
2.02%
$104
Food
1.07%
$102
Recreation
0.62%
$101
Education & communication
0.59%
$101
Apparel
-0.58%
$98.85
Transportation
-5.00%
$90.25
Energy
-11.79%
$77.81
Year by year: CPI and the value of $100 from 2014
$100 from 2014 had already become $100 by
2015, on its way to $101 in 2016; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 1.3% in 2016, and the smallest rise was 0.1% in 2015.
In 2016, prices rose 1.3% and $100 from 2014 had the buying
power of $101; 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 2014 to 2016: $100 is worth $101 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2014-to-2016/
APA: InflationCalculator.com. Inflation from 2014 to 2016. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2014-to-2016/