According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 1.25% per year. Prices in 2018 are 6.4% higher than prices in 2013.
In other words, $21.72 in the year 2013 is equivalent in purchasing power to $23.11 in 2018, a difference of $1.39 over 5 years.
|Cumulative price change||6.40%|
|Average inflation rate||1.25%|
|Price difference ($21.72 base)||$1.39|
|CPI in 2013||232.957|
|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 2013 → 2018 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 15 Feb. 2018, http://www.in2013dollars.com/2013-dollars-in-2018?amount=21.72.