According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 1.61% per year. Prices in 2018 are 13.7% higher than prices in 2010.
In other words, $21.72 in the year 2010 is equivalent in purchasing power to $24.69 in 2018, a difference of $2.97 over 8 years.
|Cumulative price change||13.67%|
|Average inflation rate||1.61%|
|Price difference ($21.72 base)||$2.97|
|CPI in 2010||218.056|
|CPI in 2018||247.867|
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.” FinanceRef Inflation Calculator, Alioth Finance, 15 Feb. 2018, http://www.in2013dollars.com/2010-dollars-in-2018?amount=21.72.