U.S. inflation · 2021–2024
$100 in 2021 has the same buying power as
$116
in 2024
| Cumulative price change | 15.8% |
|---|---|
| Average inflation rate | 5.00% per year |
| Converted amount ($100 base) | $116 |
| Price difference ($100 base) | $15.77 |
| CPI in 2021 | 270.97 |
| CPI in 2024 | 313.689 |
| Inflation in 2021 | 4.70% |
| Inflation in 2024 | 2.95% |
| $100 in 2021 → 2024 | $116 |
| $100 in 2024 → 2021 | $86.38 |
Between 2021 and 2024, the Consumer Price Index went from 270.97 to 313.689. Cumulatively, prices increased 15.8%, which works out to an average of 5.00% per year. Put differently, a dollar in 2021 bought what $0.86 buys in 2024.
| Amount in 2021 | Value in 2024 |
|---|---|
| $1.00 | $1.16 |
| $5.00 | $5.79 |
| $10.00 | $11.58 |
| $20.00 | $23.15 |
| $50.00 | $57.88 |
| $100 | $116 |
| $500 | $579 |
| $1,000 | $1,158 |
| $5,000 | $5,788 |
| $10,000 | $11,577 |
| $100,000 | $115,765 |
| $1,000,000 | $1,157,652 |
The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 2021 spending costs in 2024, by category:
| Category | Avg. yearly inflation | $100 in 2021 → |
|---|---|---|
| All items (CPI-U) | 5.00% | $116 |
| Housing | 5.98% | $119 |
| Food | 5.94% | $119 |
| Transportation | 5.48% | $117 |
| Energy | 5.46% | $117 |
| Core (all items less food & energy) | 4.78% | $115 |
| Recreation | 3.34% | $110 |
| Apparel | 2.81% | $109 |
| Medical care | 2.39% | $107 |
| Education & communication | 0.80% | $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 |
| 2024 | 313.689 | 2.9% | $116 |
MLA: “Inflation from 2021 to 2024: $100 is worth $116 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2021-to-2024/
APA: InflationCalculator.com. Inflation from 2021 to 2024. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2021-to-2024/
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.