$100 in 2014 is worth $109 in 2020,
because prices increased 9.3% over that period, an average of
1.50% a year.
$100 in 2014 has
the same buying power as
$109
in 2020
Detailed inflation statistics
Cumulative price change
9.3%
Average inflation rate
1.50% per year
Converted amount ($100 base)
$109
Price difference ($100 base)
$9.32
CPI in 2014
236.736
CPI in 2020
258.811
Inflation in 2014
1.62%
Inflation in 2020
1.23%
$100 in 2014 → 2020
$109
$100 in 2020 → 2014
$91.47
What happened to prices between 2014 and 2020
Between 2014 and 2020, the Consumer Price Index went from 236.736 to 258.811.
Cumulatively, prices increased 9.3%, which works out to an average of
1.50% per year. Put differently, a dollar in 2014 bought what
$0.91 buys in 2020: the 2014 dollar
lost 8.5% of its purchasing power over
these 6 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 2020 at the same ratio, 1.09: $1,000 becomes
$1,093, and $10,000 becomes $10,932.
Amount in 2014
Value in 2020
$1.00
$1.09
$5.00
$5.47
$10.00
$10.93
$20.00
$21.86
$50.00
$54.66
$100
$109
$500
$547
$1,000
$1,093
$5,000
$5,466
$10,000
$10,932
$100,000
$109,325
$1,000,000
$1,093,247
Inflation by spending category, 2014–2020
Between 2014 and 2020, medical care rose the most, up 19.2%, while energy fell 19.1%, against 9.3% for all items. The headline number is an average; here is what $100 of 2014
spending costs in 2020, by category:
Category
Avg. yearly inflation
$100 in 2014 →
All items (CPI-U)
1.50%
$109
Medical care
2.97%
$119
Housing
2.58%
$117
Core (all items less food & energy)
1.99%
$113
Food
1.62%
$110
Recreation
0.94%
$106
Education & communication
0.33%
$102
Transportation
-1.16%
$93.24
Apparel
-1.27%
$92.60
Energy
-3.48%
$80.85
Year by year: CPI and the value of $100 from 2014
$100 from 2014 had already become $104 by
2017, on its way to $109 in 2020; 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 2020, prices rose 1.2% and $100 from 2014 had the buying
power of $109; the year's average CPI of 258.811 is the level
behind every 2020 figure on this page.
2020 was the year the pandemic rewired the price data without triggering the
inflation spike that followed it. Consumer prices rose just 1.2% for the
year, the mildest pace since 2015, as COVID-19 lockdowns emptied roads,
closed airports, and crushed energy demand. Oil told the starkest story: on
April 20, U.S. crude futures fell to about negative $37 a barrel, the first
negative settlement in the market’s history, as storage capacity ran out and no one
wanted the physical barrels. Gasoline followed it down, falling to about
$1.80 a gallon nationally that month before recovering to average $2.17 for
the year. Grocery prices moved the other way: pantry stocking and
meatpacking-plant disruptions pushed food-at-home costs up faster than
usual, a rare case of food and energy pulling the index in opposite
directions. Washington answered with the $2.2 trillion CARES Act, signed
March 27, which sent $1,200 payments to most adults and added $600 a week
to unemployment benefits as states ordered widespread business closures.
The Federal Reserve cut its policy rate to near zero in two emergency moves
that same month and pledged to buy Treasury and mortgage bonds “in the
amounts needed” to keep credit markets working, an open-ended commitment
beyond even its 2008 response. None of it showed up in the CPI yet: the
stimulus, the supply shocks, and the reopening whiplash that followed would
build into the fastest inflation in four decades over the next two years.
MLA: “Inflation from 2014 to 2020: $100 is worth $109 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2014-to-2020/
APA: InflationCalculator.com. Inflation from 2014 to 2020. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2014-to-2020/