U.S. inflation · 2018–2023
$100 in 2018 has the same buying power as
$121
in 2023
| Cumulative price change | 21.3% |
|---|---|
| Average inflation rate | 3.94% per year |
| Converted amount ($100 base) | $121 |
| Price difference ($100 base) | $21.34 |
| CPI in 2018 | 251.107 |
| CPI in 2023 | 304.702 |
| Inflation in 2018 | 2.44% |
| Inflation in 2023 | 4.12% |
| $100 in 2018 → 2023 | $121 |
| $100 in 2023 → 2018 | $82.41 |
Between 2018 and 2023, the Consumer Price Index went from 251.107 to 304.702. Cumulatively, prices increased 21.3%, which works out to an average of 3.94% per year. Put differently, a dollar in 2018 bought what $0.82 buys in 2023.
| Amount in 2018 | Value in 2023 |
|---|---|
| $1.00 | $1.21 |
| $5.00 | $6.07 |
| $10.00 | $12.13 |
| $20.00 | $24.27 |
| $50.00 | $60.67 |
| $100 | $121 |
| $500 | $607 |
| $1,000 | $1,213 |
| $5,000 | $6,067 |
| $10,000 | $12,134 |
| $100,000 | $121,343 |
| $1,000,000 | $1,213,435 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 2018 spending costs in 2023, by category:
| Category | Avg. yearly inflation | $100 in 2018 → |
|---|---|---|
| All items (CPI-U) | 3.94% | $121 |
| Energy | 5.19% | $129 |
| Food | 4.96% | $127 |
| Transportation | 4.85% | $127 |
| Housing | 4.37% | $124 |
| Core (all items less food & energy) | 3.67% | $120 |
| Recreation | 2.71% | $114 |
| Medical care | 2.53% | $113 |
| Education & communication | 1.20% | $106 |
| Apparel | 0.77% | $104 |
| Year | CPI | Inflation rate | $100 from 2018 |
|---|---|---|---|
| 2018 | 251.107 | 2.4% | $100 |
| 2019 | 255.657 | 1.8% | $102 |
| 2020 | 258.811 | 1.2% | $103 |
| 2021 | 270.97 | 4.7% | $108 |
| 2022 | 292.655 | 8.0% | $117 |
| 2023 | 304.702 | 4.1% | $121 |
MLA: “Inflation from 2018 to 2023: $100 is worth $121 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2018-to-2023/
APA: InflationCalculator.com. Inflation from 2018 to 2023. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2018-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.