U.S. inflation · 2016–2023
$100 in 2016 has the same buying power as
$127
in 2023
| Cumulative price change | 27.0% |
|---|---|
| Average inflation rate | 3.47% per year |
| Converted amount ($100 base) | $127 |
| Price difference ($100 base) | $26.96 |
| CPI in 2016 | 240.007 |
| CPI in 2023 | 304.702 |
| Inflation in 2016 | 1.26% |
| Inflation in 2023 | 4.12% |
| $100 in 2016 → 2023 | $127 |
| $100 in 2023 → 2016 | $78.77 |
Between 2016 and 2023, the Consumer Price Index went from 240.007 to 304.702. Cumulatively, prices increased 27.0%, which works out to an average of 3.47% per year. Put differently, a dollar in 2016 bought what $0.79 buys in 2023.
| Amount in 2016 | Value in 2023 |
|---|---|
| $1.00 | $1.27 |
| $5.00 | $6.35 |
| $10.00 | $12.70 |
| $20.00 | $25.39 |
| $50.00 | $63.48 |
| $100 | $127 |
| $500 | $635 |
| $1,000 | $1,270 |
| $5,000 | $6,348 |
| $10,000 | $12,696 |
| $100,000 | $126,955 |
| $1,000,000 | $1,269,555 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 2016 spending costs in 2023, by category:
| Category | Avg. yearly inflation | $100 in 2016 → |
|---|---|---|
| All items (CPI-U) | 3.47% | $127 |
| Energy | 5.91% | $149 |
| Transportation | 4.60% | $137 |
| Housing | 3.96% | $131 |
| Food | 3.85% | $130 |
| Core (all items less food & energy) | 3.19% | $125 |
| Medical care | 2.44% | $118 |
| Recreation | 2.19% | $116 |
| Education & communication | 0.61% | $104 |
| Apparel | 0.51% | $104 |
| Year | CPI | Inflation rate | $100 from 2016 |
|---|---|---|---|
| 2016 | 240.007 | 1.3% | $100 |
| 2017 | 245.12 | 2.1% | $102 |
| 2018 | 251.107 | 2.4% | $105 |
| 2019 | 255.657 | 1.8% | $107 |
| 2020 | 258.811 | 1.2% | $108 |
| 2021 | 270.97 | 4.7% | $113 |
| 2022 | 292.655 | 8.0% | $122 |
| 2023 | 304.702 | 4.1% | $127 |
MLA: “Inflation from 2016 to 2023: $100 is worth $127 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2016-to-2023/
APA: InflationCalculator.com. Inflation from 2016 to 2023. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2016-to-2023/
Source: U.S. Bureau of Labor Statistics, CPI-U annual averages (series CUUR0000SA0; category indexes listed on the data sources page). See how these numbers are calculated.