U.S. inflation rate in 2007: 2.85%

Inflation Calculator

$

U.S. Inflation Rate, 2007-2018 ($1)

The consumer price index (CPI) in 2007 was 207.342. the Bureau of Labor Statistics uses this CPI value to track inflation on a monthly basis.

According to the Bureau of Labor Statistics consumer price index, the dollar experienced an average inflation rate of 1.67% per year. Prices in 2018 are 20.0% higher than prices in 2007.

In other words, $1 in the year 2007 is equivalent in purchasing power to $1.20 in 2018, a difference of $0.20 over 11 years.

The current inflation rate in 2018 is 1.72%1. If this number holds, $1 today will be equivalent to $1.02 next year.

Inflation from 2007 to 2018
Cumulative price change 20.00%
Average inflation rate 1.67%
Price difference ($1 base) $0.20
CPI in 2007 207.342
CPI in 2018 248.991


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Housing · New cars · Alcoholic beverages · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 2007

Start with the inflation rate formula:

CPI in 2018 / CPI in 2007 * 2007 USD value = 2018 USD value

Then plug in historical CPI values. The U.S. CPI was 207.342 in the year 2007 and 248.991 in 2018:

248.991 / 207.342 * $1 = $1.20

$1 in 2007 has the same "purchasing power" as $1.20 in 2018.


News headlines from 2007

Politics and news often influence economic performance. Here's what was happening at the time:

  • The British Army withdraws from Northern Ireland, marking the end of, operation Banner - the longest operation in British military history.
  • The South Korean President enters North Korea, crossing the Military Demarcation Line, to the second Inter-Korean Summit with the leader of North Korea.
  • Bulgaria and Romania join the European Union. Aside from Irish, languages of the two countries become official EU languages, amongst 20 others.
  • Slovenia becomes the 13th Eurozone country, after adopting the Euro currency.

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 2007 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 17 Apr. 2018, http://www.in2013dollars.com/inflation-rate-in-2007.


» Read more about inflation.