$100 in 2021 is worth $108 in 2022,
because prices increased 8.0% over that period, an average of
8.00% a year.
$100 in 2021 has
the same buying power as
$108
in 2022
Detailed inflation statistics
Cumulative price change
8.0%
Average inflation rate
8.00% per year
Converted amount ($100 base)
$108
Price difference ($100 base)
$8.00
CPI in 2021
270.97
CPI in 2022
292.655
Inflation in 2021
4.70%
Inflation in 2022
8.00%
$100 in 2021 → 2022
$108
$100 in 2022 → 2021
$92.59
What happened to prices between 2021 and 2022
Between 2021 and 2022, the Consumer Price Index went from 270.97 to 292.655.
Cumulatively, prices increased 8.0%, which works out to an average of
8.00% per year. Put differently, a dollar in 2021 bought what
$0.93 buys in 2022: the 2021 dollar
lost 7.4% of its purchasing power over
these 1 years.
2021 was the year inflation stopped being background noise. Consumer prices
rose 4.7% on average for the year, and the pace kept building as the months
went on: by December, the 12-month rate had reached 7.0%, the highest since
1982. The proximate cause was a supply chain that could not keep up with a
fast-reopening economy. A global semiconductor shortage choked new car
production and pushed used vehicle prices up by more than a third, the
single largest line item in the year’s inflation math. Lumber, appliances,
and shipping capacity told versions of the same story: demand snapped back
faster than factories, ports, and truckers could handle it. Washington added
fuel in March with the $1.9 trillion American Rescue Plan, on top of the
relief already in the pipeline since 2020. For most of the year, the Federal
Reserve called the price surge “transitory,” a temporary reopening effect
expected to fade on its own, and held its policy rate near zero. By
November, with inflation still climbing, the Fed reversed course and began
winding down its bond purchases, the first step toward the rate hikes that
would follow in 2022. Gas averaged $3.01 a gallon for the year, up from
about $2.17 in 2020, while the federal minimum wage held at $7.25,
unchanged since 2009. In hindsight, 2021 reads as the hinge year: the point
where “transitory” inflation became the multi-year fight the Fed spent the
next two years trying to win.
Every 2021 amount converts to 2022 at the same ratio, 1.08: $1,000 becomes
$1,080, and $10,000 becomes $10,800.
Amount in 2021
Value in 2022
$1.00
$1.08
$5.00
$5.40
$10.00
$10.80
$20.00
$21.60
$50.00
$54.00
$100
$108
$500
$540
$1,000
$1,080
$5,000
$5,400
$10,000
$10,800
$100,000
$108,003
$1,000,000
$1,080,027
Inflation by spending category, 2021–2022
Between 2021 and 2022, energy rose the most, up 25.2%, while education & communication rose the least, up 0.8%, against 8.0% for all items. The headline number is an average; here is what $100 of 2021
spending costs in 2022, by category:
Category
Avg. yearly inflation
$100 in 2021 →
All items (CPI-U)
8.00%
$108
Energy
25.15%
$125
Transportation
15.47%
$115
Food
9.95%
$110
Housing
7.15%
$107
Core (all items less food & energy)
6.15%
$106
Apparel
5.03%
$105
Recreation
4.53%
$105
Medical care
4.05%
$104
Education & communication
0.83%
$101
Year by year: CPI and the value of $100 from 2021
$100 from 2021grew to $108 by 2022; each row
shows the CPI, that year's inflation rate, and the running value.
In 2022, prices rose 8.0% and $100 from 2021 had the buying
power of $108; the year's average CPI of 292.655 is the level
behind every 2022 figure on this page.
2022 was the year inflation returned. Consumer prices rose 8.0% on average,
the worst since 1981, driven by pandemic-era supply chains, stimulus-fueled
demand, and an energy shock from the war in Ukraine. Gas briefly topped $5 a
gallon nationally for the first time ever, and “inflation” became the
top-ranked economic concern in nearly every poll of American households.
MLA: “Inflation from 2021 to 2022: $100 is worth $108 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2021-to-2022/
APA: InflationCalculator.com. Inflation from 2021 to 2022. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2021-to-2022/