The consumer price index (CPI) in 2011 was 224.939. 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 1.45% per year. Prices in 2017 are 9.0% higher than prices in 2011.
In other words, $1 in the year 2011 is equivalent to $1.09 in 2017, a difference of $0.09 over 6 years.
|Cumulative price change||9.00%|
|Average inflation rate||1.45%|
|Price difference ($1 base)||$0.09|
|CPI in 2011||224.939|
|CPI in 2017||244.786|
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: “Inflation Rate in 2011 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Education, 12 Dec. 2017, http://www.in2013dollars.com/inflation-rate-in-2011.