$100 in 2016 is worth $122 in 2022,
because prices increased 21.9% over that period, an average of
3.36% a year.
$100 in 2016 has
the same buying power as
$122
in 2022
Detailed inflation statistics
Cumulative price change
21.9%
Average inflation rate
3.36% per year
Converted amount ($100 base)
$122
Price difference ($100 base)
$21.94
CPI in 2016
240.007
CPI in 2022
292.655
Inflation in 2016
1.26%
Inflation in 2022
8.00%
$100 in 2016 → 2022
$122
$100 in 2022 → 2016
$82.01
What happened to prices between 2016 and 2022
Between 2016 and 2022, the Consumer Price Index went from 240.007 to 292.655.
Cumulatively, prices increased 21.9%, which works out to an average of
3.36% per year. Put differently, a dollar in 2016 bought what
$0.82 buys in 2022: the 2016 dollar
lost 18.0% of its purchasing power over
these 6 years.
2016 opened with the cheapest oil in more than a decade and closed with a
change in political direction. Crude fell to about $26 a barrel in February,
and gasoline averaged $2.14 a gallon for the year, its lowest annual
average since 2004. Headline inflation was 1.3%, a modest rebound from 2015’s
0.1%, though prices excluding food and energy rose faster, driven by rents and
health care.
Median household income rose to $59,039, the second large gain in a row, and
the median new home sold for about $307,800. The federal minimum wage held at
$7.25, and a first-class stamp fell to 47 cents after a January rate cut, a
rare decrease.
Two votes changed the outlook. Britain’s June decision to leave the European
Union unsettled currency markets, and the U.S. election in November raised
expectations of tax cuts, deficits, and faster growth, sending long-term
interest rates higher. OPEC’s November output cut ended the oil slump, and the
Federal Reserve made its second rate increase in December, to 0.50–0.75%.
Every 2016 amount converts to 2022 at the same ratio, 1.22: $1,000 becomes
$1,219, and $10,000 becomes $12,194.
Amount in 2016
Value in 2022
$1.00
$1.22
$5.00
$6.10
$10.00
$12.19
$20.00
$24.39
$50.00
$60.97
$100
$122
$500
$610
$1,000
$1,219
$5,000
$6,097
$10,000
$12,194
$100,000
$121,936
$1,000,000
$1,219,360
Inflation by spending category, 2016–2022
Between 2016 and 2022, energy rose the most, up 57.4%, while apparel rose the least, up 0.8%, against 21.9% for all items. The headline number is an average; here is what $100 of 2016
spending costs in 2022, by category:
Category
Avg. yearly inflation
$100 in 2016 →
All items (CPI-U)
3.36%
$122
Energy
7.85%
$157
Transportation
5.34%
$137
Housing
3.55%
$123
Food
3.53%
$123
Core (all items less food & energy)
2.92%
$119
Medical care
2.78%
$118
Recreation
1.88%
$112
Education & communication
0.55%
$103
Apparel
0.14%
$101
Decade by decade: 2016 to 2022
Prices climbed fastest in the 2020s, averaging 6.34% a year, and slowest in the 2010s (1.90% a year). Each step below chains into the full 2016–2022 change:
Years
Avg. yearly inflation
Price change
$100 from 2016, at end
2016–2020
1.90%
7.8%
$108
2020–2022
6.34%
13.1%
$122
Year by year: CPI and the value of $100 from 2016
$100 from 2016 had already become $107 by
2019, on its way to $122 in 2022; 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 2022, prices rose 8.0% and $100 from 2016 had the buying
power of $122; the year's average CPI of 292.655 is the level
behind every 2022 figure on this page.
2022 was the year inflation returned. Consumer prices rose 8.0% on average,
the worst since 1981, driven by pandemic-era supply chains, stimulus-fueled
demand, and an energy shock from the war in Ukraine. Gas briefly topped $5 a
gallon nationally for the first time ever, and “inflation” became the
top-ranked economic concern in nearly every poll of American households.
MLA: “Inflation from 2016 to 2022: $100 is worth $122 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2016-to-2022/
APA: InflationCalculator.com. Inflation from 2016 to 2022. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2016-to-2022/