Between 2016 and 2020, the Consumer Price Index went from 240.007 to 258.811.
Cumulatively, prices increased 7.8%, which works out to an average of
1.90% per year. Put differently, a dollar in 2016 bought what
$0.93 buys in 2020.
Common amounts: 2016 dollars in 2020
Amount in 2016
Value in 2020
$1.00
$1.08
$5.00
$5.39
$10.00
$10.78
$20.00
$21.57
$50.00
$53.92
$100
$108
$500
$539
$1,000
$1,078
$5,000
$5,392
$10,000
$10,783
$100,000
$107,835
$1,000,000
$1,078,348
Inflation by spending category, 2016–2020
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 2016 spending costs in 2020, by category:
MLA: “Inflation from 2016 to 2020: $100 is worth $108 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2016-to-2020/
APA: InflationCalculator.com. Inflation from 2016 to 2020. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2016-to-2020/