Between 2015 and 2020, the Consumer Price Index went from 237.017 to 258.811.
Cumulatively, prices increased 9.2%, which works out to an average of
1.77% per year. Put differently, a dollar in 2015 bought what
$0.92 buys in 2020.
Common amounts: 2015 dollars in 2020
Amount in 2015
Value in 2020
$1.00
$1.09
$5.00
$5.46
$10.00
$10.92
$20.00
$21.84
$50.00
$54.60
$100
$109
$500
$546
$1,000
$1,092
$5,000
$5,460
$10,000
$10,920
$100,000
$109,195
$1,000,000
$1,091,951
Inflation by spending category, 2015–2020
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 2015 spending costs in 2020, by category:
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 2015 to 2020: $100 is worth $109 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2015-to-2020/
APA: InflationCalculator.com. Inflation from 2015 to 2020. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2015-to-2020/