According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 1.78% per year. Prices in 2017 are 21.4% higher than prices in 2006.
In other words, $100 in the year 2006 is equivalent in purchasing power to $121.42 in 2017, a difference of $21.42 over 11 years.
The inflation rate in 2017 was 1.99%.
|Cumulative price change||21.42%|
|Average inflation rate||1.78%|
|Price difference ($100 base)||$21.42|
|CPI in 2006||201.6|
|CPI in 2017||244.786|
Politics and news often influence economic performance. Here's what was happening at the time:
Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. Inflation data from 1665 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University.
You may use the following MLA citation for this page: “2006 dollars in 2017 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 18 May. 2018, https://www.officialdata.org/2006-dollars-in-2017.