$100 in 2015 is worth $129 in 2023,
because prices increased 28.6% over that period, an average of
3.19% a year.
$100 in 2015 has
the same buying power as
$129
in 2023
Detailed inflation statistics
Cumulative price change
28.6%
Average inflation rate
3.19% per year
Converted amount ($100 base)
$129
Price difference ($100 base)
$28.56
CPI in 2015
237.017
CPI in 2023
304.702
Inflation in 2015
0.12%
Inflation in 2023
4.12%
$100 in 2015 → 2023
$129
$100 in 2023 → 2015
$77.79
What happened to prices between 2015 and 2023
Between 2015 and 2023, the Consumer Price Index went from 237.017 to 304.702.
Cumulatively, prices increased 28.6%, which works out to an average of
3.19% per year. Put differently, a dollar in 2015 bought what
$0.78 buys in 2023: the 2015 dollar
lost 22.2% of its purchasing power over
these 8 years.
2015 was almost a year with no inflation at all. Consumer prices rose 0.1%,
the smallest increase since the 2009 decline, because energy prices kept
falling. Gasoline averaged $2.45 a gallon, down from $3.37 in 2014, and a
strong dollar made imported goods cheaper. The picture was different outside
food and energy: core prices rose about 1.8% as rents and medical costs
climbed.
Incomes finally showed real progress. Median household income reached $56,516,
a large jump from $53,657, and the median new home sold for about $296,400. The
federal minimum wage stayed at $7.25, and a first-class stamp stayed at 49
cents.
The Federal Reserve chose December to end its zero-rate policy, raising the
target range to 0.25–0.50% for the first time since 2006. It moved even
though headline inflation was far under 2%, arguing that the drag from
energy was temporary. Earlier, a currency shift in China in August had shaken
global markets and pushed oil below $40 a barrel. Prices in 2015 ended
the year barely above their 2014 level.
Every 2015 amount converts to 2023 at the same ratio, 1.29: $1,000 becomes
$1,286, and $10,000 becomes $12,856.
Amount in 2015
Value in 2023
$1.00
$1.29
$5.00
$6.43
$10.00
$12.86
$20.00
$25.71
$50.00
$64.28
$100
$129
$500
$643
$1,000
$1,286
$5,000
$6,428
$10,000
$12,856
$100,000
$128,557
$1,000,000
$1,285,570
Inflation by spending category, 2015–2023
Between 2015 and 2023, energy rose the most, up 39.6%, while apparel rose the least, up 3.7%, against 28.6% for all items. The headline number is an average; here is what $100 of 2015
spending costs in 2023, by category:
Category
Avg. yearly inflation
$100 in 2015 →
All items (CPI-U)
3.19%
$129
Energy
4.26%
$140
Housing
3.77%
$134
Transportation
3.74%
$134
Food
3.40%
$131
Core (all items less food & energy)
3.06%
$127
Medical care
2.61%
$123
Recreation
2.02%
$117
Education & communication
0.62%
$105
Apparel
0.46%
$104
Decade by decade: 2015 to 2023
Prices climbed fastest in the 2020s, averaging 5.59% a year, and slowest in the 2010s (1.77% a year). Each step below chains into the full 2015–2023 change:
Years
Avg. yearly inflation
Price change
$100 from 2015, at end
2015–2020
1.77%
9.2%
$109
2020–2023
5.59%
17.7%
$129
Year by year: CPI and the value of $100 from 2015
$100 from 2015 had already become $108 by
2019, on its way to $129 in 2023; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 8.0% in 2022, and the smallest rise was 1.2% in 2020.
In 2023, prices rose 4.1% and $100 from 2015 had the buying
power of $129; the year's average CPI of 304.702 is the level
behind every 2023 figure on this page.
2023 was the year inflation came down without a recession. Consumer prices
rose 4.1% on average, roughly half of 2022’s 8.0%, and the December-to-December
rate fell to 3.4%. Gasoline averaged $3.52 a gallon, well below the 2022
average, and supply-chain pressure on goods eased. Shelter, restaurant meals,
and other services stayed expensive, so the CPI kept rising at a rate well
above the pre-pandemic pace.
The Federal Reserve completed its rate-hiking campaign in July, taking the
policy rate to 5.25–5.50%, the highest level in 22 years. The effects showed
up in banking: Silicon Valley Bank failed in March after rate increases eroded
the value of its bond portfolio, the second-largest bank failure in U.S.
history at the time. Despite that, unemployment stayed under 4% all year.
Median household income was $80,610 according to the Census Bureau. The
federal minimum wage stayed at $7.25, and a first-class stamp rose to 66 cents
in July.
MLA: “Inflation from 2015 to 2023: $100 is worth $129 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2015-to-2023/
APA: InflationCalculator.com. Inflation from 2015 to 2023. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2015-to-2023/