$100 in 2017 is worth $128 in 2024,
because prices increased 28.0% over that period, an average of
3.59% a year.
$100 in 2017 has
the same buying power as
$128
in 2024
Detailed inflation statistics
Cumulative price change
28.0%
Average inflation rate
3.59% per year
Converted amount ($100 base)
$128
Price difference ($100 base)
$27.97
CPI in 2017
245.12
CPI in 2024
313.689
Inflation in 2017
2.13%
Inflation in 2024
2.95%
$100 in 2017 → 2024
$128
$100 in 2024 → 2017
$78.14
What happened to prices between 2017 and 2024
Between 2017 and 2024, the Consumer Price Index went from 245.12 to 313.689.
Cumulatively, prices increased 28.0%, which works out to an average of
3.59% per year. Put differently, a dollar in 2017 bought what
$0.78 buys in 2024: the 2017 dollar
lost 21.9% of its purchasing power over
these 7 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 2024 at the same ratio, 1.28: $1,000 becomes
$1,280, and $10,000 becomes $12,797.
Amount in 2017
Value in 2024
$1.00
$1.28
$5.00
$6.40
$10.00
$12.80
$20.00
$25.59
$50.00
$63.99
$100
$128
$500
$640
$1,000
$1,280
$5,000
$6,399
$10,000
$12,797
$100,000
$127,974
$1,000,000
$1,279,736
Inflation by spending category, 2017–2024
Between 2017 and 2024, energy rose the most, up 36.7%, while apparel rose the least, up 4.7%, against 28.0% for all items. The headline number is an average; here is what $100 of 2017
spending costs in 2024, by category:
Category
Avg. yearly inflation
$100 in 2017 →
All items (CPI-U)
3.59%
$128
Energy
4.56%
$137
Transportation
4.30%
$134
Housing
4.16%
$133
Food
4.05%
$132
Core (all items less food & energy)
3.41%
$126
Medical care
2.47%
$119
Recreation
2.22%
$117
Education & communication
0.97%
$107
Apparel
0.65%
$105
Decade by decade: 2017 to 2024
Prices climbed fastest in the 2020s, averaging 4.93% a year, and slowest in the 2010s (1.83% a year). Each step below chains into the full 2017–2024 change:
Years
Avg. yearly inflation
Price change
$100 from 2017, at end
2017–2020
1.83%
5.6%
$106
2020–2024
4.93%
21.2%
$128
Year by year: CPI and the value of $100 from 2017
$100 from 2017 had already become $106 by
2020, on its way to $128 in 2024; 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 2024, prices rose 2.9% and $100 from 2017 had the buying
power of $128; the year's average CPI of 313.689 is the level
behind every 2024 figure on this page.
2024 brought inflation close to normal without fully reaching it. Consumer
prices rose 2.9% on average, the smallest yearly increase since 2020, and the
December-to-December rate was also 2.9%. Gasoline averaged $3.30 a gallon,
below 2023’s $3.52. Shelter stayed the biggest driver of the index, so the
pace of price growth in categories that households can’t easily avoid, such as
rent and insurance, lagged the drop in goods and energy costs.
The Federal Reserve declared progress in September, cutting its policy rate
by half a point, the first reduction since the pandemic emergency, and then
by a quarter point in November and again in December. Mortgage rates near 7%
kept the housing market frozen for many would-be buyers.
Median household income was $83,730, the federal minimum wage stayed at $7.25,
and a first-class stamp rose to 73 cents in July. After the November election,
attention turned to how announced tariffs and tax policy might affect prices
in 2025.
MLA: “Inflation from 2017 to 2024: $100 is worth $128 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2017-to-2024/
APA: InflationCalculator.com. Inflation from 2017 to 2024. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2017-to-2024/