$100 in 2018 is worth $125 in 2024,
because prices increased 24.9% over that period, an average of
3.78% a year.
$100 in 2018 has
the same buying power as
$125
in 2024
Detailed inflation statistics
Cumulative price change
24.9%
Average inflation rate
3.78% per year
Converted amount ($100 base)
$125
Price difference ($100 base)
$24.92
CPI in 2018
251.107
CPI in 2024
313.689
Inflation in 2018
2.44%
Inflation in 2024
2.95%
$100 in 2018 → 2024
$125
$100 in 2024 → 2018
$80.05
What happened to prices between 2018 and 2024
Between 2018 and 2024, the Consumer Price Index went from 251.107 to 313.689.
Cumulatively, prices increased 24.9%, which works out to an average of
3.78% per year. Put differently, a dollar in 2018 bought what
$0.80 buys in 2024: the 2018 dollar
lost 20.0% of its purchasing power over
these 6 years.
2018 was the peak of the late-2010s expansion. Consumer prices rose 2.4%,
the fastest since 2011, with gasoline averaging $2.72 a gallon after a summer
high. Unemployment fell to 3.7% in September, the lowest since 1969, and median
household income reached $63,179. The median new home sold for about $331,800,
and a first-class stamp cost 50 cents. The federal minimum wage was still $7.25.
Trade policy became a price factor for the first time in decades. New tariffs
on steel, aluminum, and a growing list of Chinese goods raised costs for
manufacturers and some consumer products, and retaliation cut into exports of
soybeans and other farm goods.
The Federal Reserve, led from February by Jerome Powell, raised rates four
times to 2.25–2.50%. A stock-market drop of nearly 20% in the fourth quarter
led the Fed to signal a pause in early 2019. Oil fell from over $75 a barrel in
October to below $50 by December, which pulled headline inflation lower going
into the next year.
Every 2018 amount converts to 2024 at the same ratio, 1.25: $1,000 becomes
$1,249, and $10,000 becomes $12,492.
Amount in 2018
Value in 2024
$1.00
$1.25
$5.00
$6.25
$10.00
$12.49
$20.00
$24.98
$50.00
$62.46
$100
$125
$500
$625
$1,000
$1,249
$5,000
$6,246
$10,000
$12,492
$100,000
$124,922
$1,000,000
$1,249,224
Inflation by spending category, 2018–2024
Between 2018 and 2024, food rose the most, up 30.3%, while apparel rose the least, up 4.6%, against 24.9% for all items. The headline number is an average; here is what $100 of 2018
spending costs in 2024, by category:
Category
Avg. yearly inflation
$100 in 2018 →
All items (CPI-U)
3.78%
$125
Food
4.50%
$130
Housing
4.37%
$129
Transportation
4.27%
$128
Energy
4.08%
$127
Core (all items less food & energy)
3.63%
$124
Medical care
2.55%
$116
Recreation
2.51%
$116
Education & communication
1.10%
$107
Apparel
0.76%
$105
Decade by decade: 2018 to 2024
Prices climbed fastest in the 2020s, averaging 4.93% a year, and slowest in the 2010s (1.52% a year). Each step below chains into the full 2018–2024 change:
Years
Avg. yearly inflation
Price change
$100 from 2018, at end
2018–2020
1.52%
3.1%
$103
2020–2024
4.93%
21.2%
$125
Year by year: CPI and the value of $100 from 2018
$100 from 2018 had already become $108 by
2021, on its way to $125 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 2018 had the buying
power of $125; 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 2018 to 2024: $100 is worth $125 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2018-to-2024/
APA: InflationCalculator.com. Inflation from 2018 to 2024. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2018-to-2024/