U.S. inflation rate in 2008: 3.84%

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U.S. Inflation Rate, 2008-2017 ($1)

The consumer price index (CPI) in 2008 was 215.303. the Bureau of Labor Statistics uses this CPI value to track inflation on a monthly basis.

According to the Bureau of Labor Statistics, the dollar experienced an average inflation rate of 1.47% per year. Prices in 2017 are 14.0% higher than prices in 2008.

In other words, $1 in the year 2008 is equivalent to $1.14 in 2017, a difference of $0.14 over 9 years.

The current inflation rate in 2017 is 1.99%1. If this number holds, $1 today will be equivalent to $1.02 next year.

Inflation from 2008 to 2017
Cumulative price change 14.00%
Average inflation rate 1.47%
Price difference ($1 base) $0.14
CPI in 2008 215.303
CPI in 2017 244.786


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

New cars · Jewelry · Baby food · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 2008

Start with the inflation rate formula:

CPI in 2017 / CPI in 2008 * 2008 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 215.303 in the year 2008 and 244.786 in 2017:

244.786 / 215.303 * $1 = $1.14

The "purchasing power" of $1 from 2008 is $1.14 in 2017.


News headlines from 2008

Politics and news often play an important role in economic performance.

  • 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: 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.


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