$100 in 2019 is worth $123 in 2024,
because prices increased 22.7% over that period, an average of
4.18% a year.
$100 in 2019 has
the same buying power as
$123
in 2024
Detailed inflation statistics
Cumulative price change
22.7%
Average inflation rate
4.18% per year
Converted amount ($100 base)
$123
Price difference ($100 base)
$22.70
CPI in 2019
255.657
CPI in 2024
313.689
Inflation in 2019
1.81%
Inflation in 2024
2.95%
$100 in 2019 → 2024
$123
$100 in 2024 → 2019
$81.50
What happened to prices between 2019 and 2024
Between 2019 and 2024, the Consumer Price Index went from 255.657 to 313.689.
Cumulatively, prices increased 22.7%, which works out to an average of
4.18% per year. Put differently, a dollar in 2019 bought what
$0.82 buys in 2024: the 2019 dollar
lost 18.5% of its purchasing power over
these 5 years.
2019 was the last ordinary year before COVID-19. Consumer prices rose 1.8%,
slightly under the Federal Reserve’s 2% target, with gasoline averaging
$2.60 a gallon. Median household income jumped to $68,703, the highest on
record up to that point, and the median new home sold for about $328,000. A
first-class stamp rose to 55 cents.
The Fed reversed course. After four increases in 2018, it cut rates three
times, to 1.50–1.75%, citing slower global growth, trade tensions, and low
inflation. In July the expansion that began in June 2009 became the longest in
U.S. records, and in August the yield curve briefly inverted, a signal
investors read as a recession warning.
For workers at the bottom of the pay scale, 2019 marked a milestone of a
different kind. The federal minimum wage stayed at $7.25 and reached its tenth
year without an increase, the longest gap since the wage was first set. Because
prices had climbed about 19% since it was last raised in 2009, its buying power
was lower than at any point in that span.
Every 2019 amount converts to 2024 at the same ratio, 1.23: $1,000 becomes
$1,227, and $10,000 becomes $12,270.
Amount in 2019
Value in 2024
$1.00
$1.23
$5.00
$6.13
$10.00
$12.27
$20.00
$24.54
$50.00
$61.35
$100
$123
$500
$613
$1,000
$1,227
$5,000
$6,135
$10,000
$12,270
$100,000
$122,699
$1,000,000
$1,226,992
Inflation by spending category, 2019–2024
Between 2019 and 2024, energy rose the most, up 29.8%, while apparel rose the least, up 6.0%, against 22.7% for all items. The headline number is an average; here is what $100 of 2019
spending costs in 2024, by category:
Category
Avg. yearly inflation
$100 in 2019 →
All items (CPI-U)
4.18%
$123
Energy
5.36%
$130
Transportation
5.20%
$129
Food
5.04%
$128
Housing
4.67%
$126
Core (all items less food & energy)
3.92%
$121
Recreation
2.75%
$115
Medical care
2.50%
$113
Education & communication
1.17%
$106
Apparel
1.17%
$106
Decade by decade: 2019 to 2024
Prices climbed fastest in the 2020s, averaging 4.93% a year, and slowest in the 2010s (1.23% a year). Each step below chains into the full 2019–2024 change:
Years
Avg. yearly inflation
Price change
$100 from 2019, at end
2019–2020
1.23%
1.2%
$101
2020–2024
4.93%
21.2%
$123
Year by year: CPI and the value of $100 from 2019
$100 from 2019 had already become $106 by
2021, on its way to $123 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 2019 had the buying
power of $123; 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 2019 to 2024: $100 is worth $123 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2019-to-2024/
APA: InflationCalculator.com. Inflation from 2019 to 2024. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2019-to-2024/