U.S. inflation rate in 2016: 1.26%

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U.S. Inflation Rate, 2016-2017 ($1)

The consumer price index (CPI) in 2016 was 240.007. 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 2.00% per year. Prices in 2017 are 2.0% higher than prices in 2016.

In other words, $1 in the year 2016 is equivalent to $1.02 in 2017, a difference of $0.02 over 1 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 2016 to 2017
Cumulative price change 2.00%
Average inflation rate 2.00%
Price difference ($1 base) $0.02
CPI in 2016 240.007
CPI in 2017 244.786


U.S. inflation from 1913 to 2017


Inflation rates for specific categories

Educational books and supplies · Airline fares · Frankfurters · More

Inflation-adjusted measures

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

How to calculate the inflation rate for $1 since 2016

Start with the inflation rate formula:

CPI in 2017 / CPI in 2016 * 2016 USD value = 2017 USD value

Then plug in historical CPI values. The U.S. CPI was 240.007 in the year 2016 and 244.786 in 2017:

244.786 / 240.007 * $1 = $1.02

The "purchasing power" of $1 from 2016 is $1.02 in 2017.


News headlines from 2016

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

  • The United Kingdom votes to leave the European Union in a referendum, prompting Prime Minister David Cameron to resign.
  • Donald Trump becomes the 45th President of the Unites States.
  • The World Health Organisation confirms the outbreak of the Zika virus.
  • Andrei Karlov, the Russian ambassador to Turkey, is assassinated.

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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