U.S. inflation · 2020–2023
$100 in 2020 has the same buying power as
$118
in 2023
| Cumulative price change | 17.7% |
|---|---|
| Average inflation rate | 5.59% per year |
| Converted amount ($100 base) | $118 |
| Price difference ($100 base) | $17.73 |
| CPI in 2020 | 258.811 |
| CPI in 2023 | 304.702 |
| Inflation in 2020 | 1.23% |
| Inflation in 2023 | 4.12% |
| $100 in 2020 → 2023 | $118 |
| $100 in 2023 → 2020 | $84.94 |
Between 2020 and 2023, the Consumer Price Index went from 258.811 to 304.702. Cumulatively, prices increased 17.7%, which works out to an average of 5.59% per year. Put differently, a dollar in 2020 bought what $0.85 buys in 2023.
| Amount in 2020 | Value in 2023 |
|---|---|
| $1.00 | $1.18 |
| $5.00 | $5.89 |
| $10.00 | $11.77 |
| $20.00 | $23.55 |
| $50.00 | $58.87 |
| $100 | $118 |
| $500 | $589 |
| $1,000 | $1,177 |
| $5,000 | $5,887 |
| $10,000 | $11,773 |
| $100,000 | $117,731 |
| $1,000,000 | $1,177,315 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 2020 spending costs in 2023, by category:
| Category | Avg. yearly inflation | $100 in 2020 → |
|---|---|---|
| All items (CPI-U) | 5.59% | $118 |
| Energy | 12.88% | $144 |
| Transportation | 9.86% | $133 |
| Food | 6.52% | $121 |
| Housing | 5.62% | $118 |
| Core (all items less food & energy) | 4.83% | $115 |
| Recreation | 3.65% | $111 |
| Apparel | 3.41% | $111 |
| Medical care | 1.90% | $106 |
| Education & communication | 1.15% | $103 |
| Year | CPI | Inflation rate | $100 from 2020 |
|---|---|---|---|
| 2020 | 258.811 | 1.2% | $100 |
| 2021 | 270.97 | 4.7% | $105 |
| 2022 | 292.655 | 8.0% | $113 |
| 2023 | 304.702 | 4.1% | $118 |
MLA: “Inflation from 2020 to 2023: $100 is worth $118 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2020-to-2023/
APA: InflationCalculator.com. Inflation from 2020 to 2023. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2020-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.