$100 in 2014 is worth $106 in 2018,
because prices increased 6.1% over that period, an average of
1.48% a year.
$100 in 2014 has
the same buying power as
$106
in 2018
Detailed inflation statistics
Cumulative price change
6.1%
Average inflation rate
1.48% per year
Converted amount ($100 base)
$106
Price difference ($100 base)
$6.07
CPI in 2014
236.736
CPI in 2018
251.107
Inflation in 2014
1.62%
Inflation in 2018
2.44%
$100 in 2014 → 2018
$106
$100 in 2018 → 2014
$94.28
What happened to prices between 2014 and 2018
Between 2014 and 2018, the Consumer Price Index went from 236.736 to 251.107.
Cumulatively, prices increased 6.1%, which works out to an average of
1.48% per year. Put differently, a dollar in 2014 bought what
$0.94 buys in 2018: the 2014 dollar
lost 5.7% of its purchasing power over
these 4 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 2018 at the same ratio, 1.06: $1,000 becomes
$1,061, and $10,000 becomes $10,607.
Amount in 2014
Value in 2018
$1.00
$1.06
$5.00
$5.30
$10.00
$10.61
$20.00
$21.21
$50.00
$53.04
$100
$106
$500
$530
$1,000
$1,061
$5,000
$5,304
$10,000
$10,607
$100,000
$106,070
$1,000,000
$1,060,705
Inflation by spending category, 2014–2018
Between 2014 and 2018, medical care rose the most, up 11.4%, while energy fell 9.7%, against 6.1% for all items. The headline number is an average; here is what $100 of 2014
spending costs in 2018, by category:
Category
Avg. yearly inflation
$100 in 2014 →
All items (CPI-U)
1.48%
$106
Medical care
2.72%
$111
Housing
2.60%
$111
Core (all items less food & energy)
2.01%
$108
Food
1.10%
$104
Recreation
0.76%
$103
Education & communication
-0.13%
$99.47
Apparel
-0.37%
$98.54
Transportation
-0.62%
$97.56
Energy
-2.52%
$90.29
Year by year: CPI and the value of $100 from 2014
$100 from 2014 had already become $101 by
2016, on its way to $106 in 2018; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 2.4% in 2018, and the smallest rise was 0.1% in 2015.
In 2018, prices rose 2.4% and $100 from 2014 had the buying
power of $106; the year's average CPI of 251.107 is the level
behind every 2018 figure on this page.
2018 was the peak of the late-2010s expansion. Consumer prices rose 2.4%,
the fastest since 2011, with gasoline averaging $2.72 a gallon after a summer
high. Unemployment fell to 3.7% in September, the lowest since 1969, and median
household income reached $63,179. The median new home sold for about $331,800,
and a first-class stamp cost 50 cents. The federal minimum wage was still $7.25.
Trade policy became a price factor for the first time in decades. New tariffs
on steel, aluminum, and a growing list of Chinese goods raised costs for
manufacturers and some consumer products, and retaliation cut into exports of
soybeans and other farm goods.
The Federal Reserve, led from February by Jerome Powell, raised rates four
times to 2.25–2.50%. A stock-market drop of nearly 20% in the fourth quarter
led the Fed to signal a pause in early 2019. Oil fell from over $75 a barrel in
October to below $50 by December, which pulled headline inflation lower going
into the next year.
MLA: “Inflation from 2014 to 2018: $100 is worth $106 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2014-to-2018/
APA: InflationCalculator.com. Inflation from 2014 to 2018. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2014-to-2018/