$100 in 2017 is worth $119 in 2022,
because prices increased 19.4% over that period, an average of
3.61% a year.
$100 in 2017 has
the same buying power as
$119
in 2022
Detailed inflation statistics
Cumulative price change
19.4%
Average inflation rate
3.61% per year
Converted amount ($100 base)
$119
Price difference ($100 base)
$19.39
CPI in 2017
245.12
CPI in 2022
292.655
Inflation in 2017
2.13%
Inflation in 2022
8.00%
$100 in 2017 → 2022
$119
$100 in 2022 → 2017
$83.76
What happened to prices between 2017 and 2022
Between 2017 and 2022, the Consumer Price Index went from 245.12 to 292.655.
Cumulatively, prices increased 19.4%, which works out to an average of
3.61% per year. Put differently, a dollar in 2017 bought what
$0.84 buys in 2022: the 2017 dollar
lost 16.2% of its purchasing power over
these 5 years.
2017 pushed consumer prices back above the Federal Reserve’s 2% target. The
CPI rose 2.1%, the first reading over 2% in five years, helped by a rebound
in energy after OPEC’s output cuts and by a storm-related spike at the pump:
Hurricane Harvey shut a large part of Gulf Coast refining in late August.
Gasoline averaged $2.42 a gallon, up from $2.14 in 2016.
Household incomes kept rising. The median household income reached $61,372,
and the median new home sold for about $322,100. The federal minimum wage
stayed at $7.25, its eighth year at that level, and a first-class stamp rose
to 49 cents.
The Fed raised rates three times, to 1.25–1.50%, and in October began
letting its bond holdings shrink. Congress passed the Tax Cuts and Jobs Act
in December, lowering the corporate rate to 21%. Even with unemployment near
4%, core inflation stayed under 2%, a puzzle that shaped Fed debates for the
next two years.
Every 2017 amount converts to 2022 at the same ratio, 1.19: $1,000 becomes
$1,194, and $10,000 becomes $11,939.
Amount in 2017
Value in 2022
$1.00
$1.19
$5.00
$5.97
$10.00
$11.94
$20.00
$23.88
$50.00
$59.70
$100
$119
$500
$597
$1,000
$1,194
$5,000
$5,970
$10,000
$11,939
$100,000
$119,393
$1,000,000
$1,193,925
Inflation by spending category, 2017–2022
Between 2017 and 2022, energy rose the most, up 45.8%, while apparel rose the least, up 1.2%, against 19.4% for all items. The headline number is an average; here is what $100 of 2017
spending costs in 2022, by category:
Category
Avg. yearly inflation
$100 in 2017 →
All items (CPI-U)
3.61%
$119
Energy
7.84%
$146
Transportation
5.73%
$132
Food
4.08%
$122
Housing
3.67%
$120
Core (all items less food & energy)
3.14%
$117
Medical care
2.83%
$115
Recreation
2.00%
$110
Education & communication
1.05%
$105
Apparel
0.23%
$101
Decade by decade: 2017 to 2022
Prices climbed fastest in the 2020s, averaging 6.34% a year, and slowest in the 2010s (1.83% a year). Each step below chains into the full 2017–2022 change:
Years
Avg. yearly inflation
Price change
$100 from 2017, at end
2017–2020
1.83%
5.6%
$106
2020–2022
6.34%
13.1%
$119
Year by year: CPI and the value of $100 from 2017
$100 from 2017 had already become $104 by
2019, on its way to $119 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 2017 had the buying
power of $119; 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 2017 to 2022: $100 is worth $119 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2017-to-2022/
APA: InflationCalculator.com. Inflation from 2017 to 2022. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2017-to-2022/