Between 2016 and 2021, the Consumer Price Index went from 240.007 to 270.97.
Cumulatively, prices increased 12.9%, which works out to an average of
2.46% per year. Put differently, a dollar in 2016 bought what
$0.89 buys in 2021.
Common amounts: 2016 dollars in 2021
Amount in 2016
Value in 2021
$1.00
$1.13
$5.00
$5.65
$10.00
$11.29
$20.00
$22.58
$50.00
$56.45
$100
$113
$500
$565
$1,000
$1,129
$5,000
$5,645
$10,000
$11,290
$100,000
$112,901
$1,000,000
$1,129,009
Inflation by spending category, 2016–2021
The headline number is an average. Individual categories moved very differently over this
period. Here is what $100 of 2016 spending costs in 2021, by category:
MLA: “Inflation from 2016 to 2021: $100 is worth $113 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2016-to-2021/
APA: InflationCalculator.com. Inflation from 2016 to 2021. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2016-to-2021/