InflationCalculator.com

U.S. inflation · 2022–2023

Value of $100 in 2022, adjusted to 2023

$100 in 2022 has the same buying power as

$104

in 2023

$100$102$10420222023$100 · 2022$104 · 2023
Detailed inflation statistics
Cumulative price change4.1%
Average inflation rate4.12% per year
Converted amount ($100 base)$104
Price difference ($100 base)$4.12
CPI in 2022292.655
CPI in 2023304.702
Inflation in 20228.00%
Inflation in 20234.12%
$100 in 2022 → 2023$104
$100 in 2023 → 2022$96.05

What happened to prices between 2022 and 2023

Between 2022 and 2023, the Consumer Price Index went from 292.655 to 304.702. Cumulatively, prices increased 4.1%, which works out to an average of 4.12% per year. Put differently, a dollar in 2022 bought what $0.96 buys in 2023.

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.

More about inflation in 2022 →

Common amounts: 2022 dollars in 2023

Amount in 2022Value in 2023
$1.00$1.04
$5.00$5.21
$10.00$10.41
$20.00$20.82
$50.00$52.06
$100$104
$500$521
$1,000$1,041
$5,000$5,206
$10,000$10,412
$100,000$104,116
$1,000,000$1,041,165

Inflation by spending category, 2022–2023

The headline number is an average. Individual categories moved very differently over this period. Here is what $100 of 2022 spending costs in 2023, by category:

Category Avg. yearly inflation $100 in 2022 →
All items (CPI-U) 4.12% $104
Housing 6.44% $106
Food 5.76% $106
Core (all items less food & energy) 4.78% $105
Recreation 4.02% $104
Apparel 2.75% $103
Education & communication 0.97% $101
Medical care 0.46% $100
Transportation 0.24% $100
Energy -5.02% $94.98

Year by year: CPI and the value of $100 from 2022

Year CPI Inflation rate $100 from 2022
2022 292.655 8.0% $100
2023 304.702 4.1% $104

Cite this page

MLA: “Inflation from 2022 to 2023: $100 is worth $104 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/2022-to-2023/

APA: InflationCalculator.com. Inflation from 2022 to 2023. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/2022-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.