# \$1 in 2008 → \$1.14 in 2017

## Inflation Calculator

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👉 You may be interested in \$1 in 2008 → 2018

### 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%.

 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

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

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.