According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 1.70% per year. Prices in 2018 are 14.5% higher than prices in 2010.
In other words, $21.72 in the year 2010 is equivalent in purchasing power to $24.86 in 2018, a difference of $3.14 over 8 years.
Compared to last year's annual rate, the inflation rate in 2018 is now 1.95%1. If this number holds, $21.72 today would be equivalent to $22.14 next year. The current inflation rate page gives more detail on the latest official inflation rates.
|Cumulative price change||14.46%|
|Average inflation rate||1.70%|
|Price difference ($21.72 base)||$3.14|
|CPI in 2010||218.056|
|CPI in 2018||249.554|
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: “$21.72 in 2010 → 2018 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 24 May. 2018, https://www.officialdata.org/2010-dollars-in-2018?amount=21.72.