The consumer price index (CPI) in 2012 was 229.594. 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 1.29% per year. Prices in 2018 are 8.0% higher than prices in 2012.
In other words, $1 in the year 2012 is equivalent in purchasing power to $1.08 in 2018, a difference of $0.08 over 6 years.
|Cumulative price change||8.00%|
|Average inflation rate||1.29%|
|Price difference ($1 base)||$0.08|
|CPI in 2012||229.594|
|CPI in 2018||248.991|
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 2012 | Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Finance, 24 Apr. 2018, http://www.in2013dollars.com/inflation-rate-in-2012.