U.S. inflation · 2017–2023
$100 in 2017 has the same buying power as
$124
in 2023
| Cumulative price change | 24.3% |
|---|---|
| Average inflation rate | 3.69% per year |
| Converted amount ($100 base) | $124 |
| Price difference ($100 base) | $24.31 |
| CPI in 2017 | 245.12 |
| CPI in 2023 | 304.702 |
| Inflation in 2017 | 2.13% |
| Inflation in 2023 | 4.12% |
| $100 in 2017 → 2023 | $124 |
| $100 in 2023 → 2017 | $80.45 |
Between 2017 and 2023, the Consumer Price Index went from 245.12 to 304.702. Cumulatively, prices increased 24.3%, which works out to an average of 3.69% per year. Put differently, a dollar in 2017 bought what $0.80 buys in 2023.
| Amount in 2017 | Value in 2023 |
|---|---|
| $1.00 | $1.24 |
| $5.00 | $6.22 |
| $10.00 | $12.43 |
| $20.00 | $24.86 |
| $50.00 | $62.15 |
| $100 | $124 |
| $500 | $622 |
| $1,000 | $1,243 |
| $5,000 | $6,215 |
| $10,000 | $12,431 |
| $100,000 | $124,307 |
| $1,000,000 | $1,243,073 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 2017 spending costs in 2023, by category:
| Category | Avg. yearly inflation | $100 in 2017 → |
|---|---|---|
| All items (CPI-U) | 3.69% | $124 |
| Energy | 5.58% | $138 |
| Transportation | 4.80% | $132 |
| Food | 4.36% | $129 |
| Housing | 4.12% | $127 |
| Core (all items less food & energy) | 3.41% | $122 |
| Medical care | 2.43% | $116 |
| Recreation | 2.33% | $115 |
| Education & communication | 1.03% | $106 |
| Apparel | 0.65% | $104 |
| Year | CPI | Inflation rate | $100 from 2017 |
|---|---|---|---|
| 2017 | 245.12 | 2.1% | $100 |
| 2018 | 251.107 | 2.4% | $102 |
| 2019 | 255.657 | 1.8% | $104 |
| 2020 | 258.811 | 1.2% | $106 |
| 2021 | 270.97 | 4.7% | $111 |
| 2022 | 292.655 | 8.0% | $119 |
| 2023 | 304.702 | 4.1% | $124 |
MLA: “Inflation from 2017 to 2023: $100 is worth $124 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2017-to-2023/
APA: InflationCalculator.com. Inflation from 2017 to 2023. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2017-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.