U.S. inflation rate in 2008: 3.84%

Inflation Calculator

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Inflation since 2008 and its effect on dollar value

The consumer price index (CPI) in 2008 was 215.303. It was 207.342 in the previous year. This change in CPI is used by the Bureau of Labor Statistics to calculate inflation.

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 1.57% per year. Prices in 2018 are 16.8% higher than prices in 2008.

In other words, $100 in 2008 is equivalent in purchasing power to $116.85 in 2018, a difference of $16.85 over 10 years.

The current inflation rate is now 2.80%1. If this number holds, $100 today will be equivalent to $102.80 next year. The current inflation rate page gives more detail on the latest official inflation rates.

Inflation from 2008 to 2018
Cumulative price change 16.85%
Average inflation rate 1.57%
Converted amount ($100 base) $116.85
Price difference ($100 base) $16.85
CPI in 2008 215.303
CPI in 2018 251.59


U.S. inflation from 1913 to 2018


Inflation rates for specific categories

Medical care · Admission to sporting events · Baby food · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $100 since 2008

This inflation calculator uses the following inflation rate formula:

CPI in 2018 / CPI in 2008 * 2008 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 215.303 in the year 2008 and 251.59 in 2018:

251.59 / 215.303 * $100 = $116.85

$100 in 2008 has the same "purchasing power" or "buying power" as $116.85 in 2018.


Here are calculations of buying power over time for $100 in 2008 (price index tracking began in 1913). Each of these USD amounts below is equivalent in terms of what it could buy at the time:
Year USD Value Inflation Rate
2008 $100.00 3.84%
2009 $99.64 -0.36%
2010 $101.28 1.64%
2011 $104.48 3.16%
2012 $106.64 2.07%
2013 $108.20 1.46%
2014 $109.95 1.62%
2015 $110.09 0.12%
2016 $111.47 1.26%
2017 $113.69 1.99%
2018 $116.85 2.78%*
* Not final. See inflation summary for latest details.

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.

Inflation Data Source

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: “Inflation Rate in 2008 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 15 Jun. 2018, https://www.officialdata.org/inflation-rate-in-2008.


» Read more about inflation.