The consumer price index (CPI) in 2014 was 236.736. 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 0.99% per year. Prices in 2017 are 3.0% higher than prices in 2014.
In other words, $1 in the year 2014 is equivalent to $1.03 in 2017, a difference of $0.03 over 3 years.
|Cumulative price change||3.00%|
|Average inflation rate||0.99%|
|Price difference ($1 base)||$0.03|
|CPI in 2014||236.736|
|CPI in 2017||244.786|
Politics and news often play an important role in economic performance.
Inflation Data Source: 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.