U.S. inflation · 2021–2023
$100 in 2021 has the same buying power as
$112
in 2023
| Cumulative price change | 12.4% |
|---|---|
| Average inflation rate | 6.04% per year |
| Converted amount ($100 base) | $112 |
| Price difference ($100 base) | $12.45 |
| CPI in 2021 | 270.97 |
| CPI in 2023 | 304.702 |
| Inflation in 2021 | 4.70% |
| Inflation in 2023 | 4.12% |
| $100 in 2021 → 2023 | $112 |
| $100 in 2023 → 2021 | $88.93 |
Between 2021 and 2023, the Consumer Price Index went from 270.97 to 304.702. Cumulatively, prices increased 12.4%, which works out to an average of 6.04% per year. Put differently, a dollar in 2021 bought what $0.89 buys in 2023.
| Amount in 2021 | Value in 2023 |
|---|---|
| $1.00 | $1.12 |
| $5.00 | $5.62 |
| $10.00 | $11.24 |
| $20.00 | $22.49 |
| $50.00 | $56.22 |
| $100 | $112 |
| $500 | $562 |
| $1,000 | $1,124 |
| $5,000 | $5,622 |
| $10,000 | $11,245 |
| $100,000 | $112,449 |
| $1,000,000 | $1,124,486 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 2021 spending costs in 2023, by category:
| Category | Avg. yearly inflation | $100 in 2021 → |
|---|---|---|
| All items (CPI-U) | 6.04% | $112 |
| Energy | 9.03% | $119 |
| Food | 7.83% | $116 |
| Transportation | 7.59% | $116 |
| Housing | 6.80% | $114 |
| Core (all items less food & energy) | 5.46% | $111 |
| Recreation | 4.27% | $109 |
| Apparel | 3.89% | $108 |
| Medical care | 2.24% | $105 |
| Education & communication | 0.90% | $102 |
| Year | CPI | Inflation rate | $100 from 2021 |
|---|---|---|---|
| 2021 | 270.97 | 4.7% | $100 |
| 2022 | 292.655 | 8.0% | $108 |
| 2023 | 304.702 | 4.1% | $112 |
MLA: “Inflation from 2021 to 2023: $100 is worth $112 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2021-to-2023/
APA: InflationCalculator.com. Inflation from 2021 to 2023. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2021-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.