$1 in 2008 → $1.14 in 2017

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U.S. Inflation Rate, $1 in 2008 to 2017

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 1.47% per year. Prices in 2017 are 14.0% higher than prices in 2008.

In other words, $1 in 2008 is equivalent in purchasing power to $1.14 in 2017, a difference of $0.14 over 9 years.

The inflation rate in 2017 was 1.99%.

Inflation from 2008 to 2017
Cumulative price change 14.00%
Average inflation rate 1.47%
Converted amount ($1 base) $1.14
Price difference ($1 base) $0.14
CPI in 2008 215.303
CPI in 2017 244.786


U.S. inflation from 1913 to 2018


The above data describe the CPI for all items. Also of note is the Core CPI, which measures inflation for all items except for the more volatile categories of food and energy. Core inflation averaged 1.74% per year between 2008 and 2017. In 2008, core inflation was 2.30%.

Chained CPI is an alternative measurement that takes into account how consumers adjust spending for similar items. Chained inflation averaged 1.30% per year between 2008 and 2017. In 2008, chained inflation was 3.73%.


Inflation rates for specific categories

Public transportation · Medical care · Baby food · More

Inflation-adjusted measures

S&P 500 price · S&P 500 earnings · Shiller P/E

How to calculate the inflation rate for $1, 2008 to 2017

This inflation calculator uses the following inflation rate formula:

CPI in 2017 / CPI in 2008 * 2008 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 215.303 in the year 2008 and 244.786 in 2017:

244.786 / 215.303 * $1 = $1.14

$1 in 2008 has the same "purchasing power" or "buying power" as $1.14 in 2017.


News headlines from 2008

Politics and news often influence economic performance. Here's what was happening at the time:

  • Black Monday: stock markets crash all over the globe, resulting in enormous drops in global stock markets and halts in trading.
  • Fidel Castro retires as Cuban President due to ill health, after nearly 50 years in power.
  • Barak Obama becomes the first African American to receive the presidential nomination of his party.

Data Source & Citation

Raw data for these calculations comes from the Bureau of Labor Statistics' (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: “$1 in 2008 → 2017 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 23 Jun. 2018, https://www.officialdata.org/2008-dollars-in-2017?amount=1.


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