$100 in 2014 is worth $104 in 2017,
because prices increased 3.5% over that period, an average of
1.17% a year.
$100 in 2014 has
the same buying power as
$104
in 2017
Detailed inflation statistics
Cumulative price change
3.5%
Average inflation rate
1.17% per year
Converted amount ($100 base)
$104
Price difference ($100 base)
$3.54
CPI in 2014
236.736
CPI in 2017
245.12
Inflation in 2014
1.62%
Inflation in 2017
2.13%
$100 in 2014 → 2017
$104
$100 in 2017 → 2014
$96.58
What happened to prices between 2014 and 2017
Between 2014 and 2017, the Consumer Price Index went from 236.736 to 245.12.
Cumulatively, prices increased 3.5%, which works out to an average of
1.17% per year. Put differently, a dollar in 2014 bought what
$0.97 buys in 2017: the 2014 dollar
lost 3.4% of its purchasing power over
these 3 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 2017 at the same ratio, 1.04: $1,000 becomes
$1,035, and $10,000 becomes $10,354.
Amount in 2014
Value in 2017
$1.00
$1.04
$5.00
$5.18
$10.00
$10.35
$20.00
$20.71
$50.00
$51.77
$100
$104
$500
$518
$1,000
$1,035
$5,000
$5,177
$10,000
$10,354
$100,000
$103,541
$1,000,000
$1,035,415
Inflation by spending category, 2014–2017
Between 2014 and 2017, medical care rose the most, up 9.2%, while energy fell 16.0%, against 3.5% for all items. The headline number is an average; here is what $100 of 2014
spending costs in 2017, by category:
Category
Avg. yearly inflation
$100 in 2014 →
All items (CPI-U)
1.17%
$104
Medical care
2.98%
$109
Housing
2.51%
$108
Core (all items less food & energy)
1.96%
$106
Food
1.00%
$103
Recreation
0.85%
$103
Education & communication
-0.25%
$99.26
Apparel
-0.50%
$98.51
Transportation
-2.27%
$93.34
Energy
-5.66%
$83.97
Year by year: CPI and the value of $100 from 2014
$100 from 2014 had already become $100 by
2015, on its way to $104 in 2017; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 2.1% in 2017, and the smallest rise was 0.1% in 2015.
In 2017, prices rose 2.1% and $100 from 2014 had the buying
power of $104; the year's average CPI of 245.12 is the level
behind every 2017 figure on this page.
2017 pushed consumer prices back above the Federal Reserve’s 2% target. The
CPI rose 2.1%, the first reading over 2% in five years, helped by a rebound
in energy after OPEC’s output cuts and by a storm-related spike at the pump:
Hurricane Harvey shut a large part of Gulf Coast refining in late August.
Gasoline averaged $2.42 a gallon, up from $2.14 in 2016.
Household incomes kept rising. The median household income reached $61,372,
and the median new home sold for about $322,100. The federal minimum wage
stayed at $7.25, its eighth year at that level, and a first-class stamp rose
to 49 cents.
The Fed raised rates three times, to 1.25–1.50%, and in October began
letting its bond holdings shrink. Congress passed the Tax Cuts and Jobs Act
in December, lowering the corporate rate to 21%. Even with unemployment near
4%, core inflation stayed under 2%, a puzzle that shaped Fed debates for the
next two years.
MLA: “Inflation from 2014 to 2017: $100 is worth $104 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2014-to-2017/
APA: InflationCalculator.com. Inflation from 2014 to 2017. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2014-to-2017/