\$1 in 2010 is worth \$0.95 in 2007

\$

Value of \$1 from 2010 to 2007

\$1 in 2010 is equivalent in purchasing power to about \$0.95 in 2007, an increase of \$-0.05 over 3 years. The dollar had an average inflation rate of 1.69% per year between 2007 and 2010, producing a cumulative price increase of -4.91%.

This means that prices in 2007 are 4.91% lower than average prices since 2010, according to the Bureau of Labor Statistics consumer price index.

The 2007 inflation rate was 2.85%. The inflation rate in 2010 was 1.64%. The 2010 inflation rate is lower compared to the average inflation rate of 1.86% per year between 2010 and 2021.

 Cumulative price change -4.91% Average inflation rate 1.69% Converted amount (\$1 base) \$0.95 Price difference (\$1 base) \$-0.05 CPI in 2010 218.056 CPI in 2007 207.342 Inflation in 2007 2.85% Inflation in 2010 1.64% \$1 in 2010 \$0.95 in 2007

USD Inflation since 1913
Annual Rate, the Bureau of Labor Statistics CPI

Buying power of \$1 in 2007

This chart shows a calculation of buying power equivalence for \$1 in 2007 (price index tracking began in 1635).

For example, if you started with \$1, you would need to end with \$0.95 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$1 is equivalent to \$0.95 over time, that means that the "real value" of a single U.S. dollar decreases over time. In other words, a dollar will pay for fewer items at the store.

This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 2007 dollars, the chart below shows how \$1 is worth less over 3 years.

According to the Bureau of Labor Statistics, each of these USD amounts below is equal in terms of what it could buy at the time:

Dollar inflation: 2007-2010
Year Dollar Value Inflation Rate
2007 \$1.00 2.85%
2008 \$1.04 3.84%
2009 \$1.03 -0.36%
2010 \$1.05 1.64%
2011 \$1.08 3.16%
2012 \$1.11 2.07%
2013 \$1.12 1.46%
2014 \$1.14 1.62%
2015 \$1.14 0.12%
2016 \$1.16 1.26%
2017 \$1.18 2.13%
2018 \$1.21 2.49%
2019 \$1.23 1.76%
2020 \$1.25 1.23%
2021 \$1.29 3.18%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.

This conversion table shows various other 2007 amounts in 2010 dollars, based on the -4.91% change in prices:

Conversion: 2007 dollars in 2010
Initial value Equivalent value
\$1 dollar in 2007 \$1.05 dollars in 2010
\$5 dollars in 2007 \$5.26 dollars in 2010
\$10 dollars in 2007 \$10.52 dollars in 2010
\$50 dollars in 2007 \$52.58 dollars in 2010
\$100 dollars in 2007 \$105.17 dollars in 2010
\$500 dollars in 2007 \$525.84 dollars in 2010
\$1,000 dollars in 2007 \$1,051.67 dollars in 2010
\$5,000 dollars in 2007 \$5,258.37 dollars in 2010
\$10,000 dollars in 2007 \$10,516.73 dollars in 2010
\$50,000 dollars in 2007 \$52,583.65 dollars in 2010
\$100,000 dollars in 2007 \$105,167.31 dollars in 2010
\$500,000 dollars in 2007 \$525,836.54 dollars in 2010
\$1,000,000 dollars in 2007 \$1,051,673.08 dollars in 2010

Inflation by City

Inflation can vary widely by city, even within the United States. Here's how some cities fared in 2010 to 2007 (figures shown are purchasing power equivalents of \$1):

San Diego, California experienced the highest rate of inflation during the 3 years between 2007 and 2010 (2.26%).

Atlanta, Georgia experienced the lowest rate of inflation during the 3 years between 2007 and 2010 (0.61%).

Note that some locations showing 0% inflation may have not yet reported latest data.

Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 2010 would be equivalent to £0.92 in 2007, an absolute change of £-0.08 and a cumulative change of -7.59%.

In Canada, CA\$1.00 in 2010 would be equivalent to CA\$0.95 in 2007, an absolute change of CA\$-0.05 and a cumulative change of -4.68%.

Compare these numbers to the US's overall absolute change of \$-0.05 and total percent change of -4.91%.

Inflation by Spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. Breaking down these categories helps explain the main drivers behind price changes. This chart shows the average rate of inflation for select CPI categories between 2010 and 2007.

Compare these values to the overall average of 1.69% per year:

Category Avg Inflation (%) Total Inflation (%) \$1 in 2007 → 2010
Food and beverages 2.66 8.20 1.08
Housing 1.05 3.18 1.03
Apparel 0.14 0.42 1.00
Transportation 1.55 4.72 1.05
Medical care 3.43 10.65 1.11
Recreation 0.56 1.68 1.02
Education and communication 2.81 8.66 1.09
Other goods and services 4.58 14.39 1.14

The graph below compares inflation in categories of goods over time. Click on a category such as "Food" to toggle it on or off:

For all these visualizations, it's important to note that not all categories may have been tracked since 2010. This table and charts use the earliest available data for each category.

How to Calculate Inflation Rate for \$1, 2007 to 2010

Our calculations use the following inflation rate formula to calculate the change in value between 2007 and 2010:

CPI in 2007 CPI in 2010
×
2010 USD value
=
2007 USD value

Then plug in historical CPI values. The U.S. CPI was 218.056 in the year 2010 and 207.342 in 2007:

207.342218.056
×
\$1
=
\$0.95

\$1 in 2010 has the same "purchasing power" or "buying power" as \$0.95 in 2007.

To get the total inflation rate for the 3 years between 2007 and 2010, we use the following formula:

CPI in 2007 - CPI in 2010CPI in 2010
×
100
=
Cumulative inflation rate (3 years)

Plugging in the values to this equation, we get:

207.342 - 218.056218.056
×
100
=
-5%

Alternate Measurements of Inflation

The above data describe the CPI for all items. Also of note is the Core CPI, which measures inflation for all items except for the more volatile categories of food and energy. Core inflation averaged 1.65% per year between 2010 and 2007 (vs all-CPI inflation of 1.69%), for an inflation total of 5.03%.

When using the core inflation measurement, \$1 in 2010 is equivalent in buying power to \$1.05 in 2007, a difference of \$0.05. Recall that for All Items, the converted amount is \$0.95 with a difference of \$-0.05.

In 2010, core inflation was 2.34%.

Chained CPI is an alternative measurement that takes into account how consumers adjust spending for similar items. Chained inflation averaged 1.55% per year between 2010 and 2007, a total inflation amount of 5.03%.

According to the Chained CPI measurement, \$1 in 2010 is equal in buying power to \$1.05 in 2007, a difference of \$0.05 (versus a converted amount of \$0.95/change of \$-0.05 for All Items).

In 2010, chained inflation was 2.53%.

Politics and news often influence economic performance. Here's what was happening at the time:

• The Copiapo mining accident in Chile ends, after 33 miners resurface having spent 69 days trapped in the ruins.
• Big Haiti earthquake kills 230,000 people and leaves most of Port-au-Prince, its capital, in ruins.
• An explosion on the Deepwater Horizon (a drilling rig), kills 11 people and spills a massive amount of oil into the Gulf of Mexico.
• The US army abolishes the "Don't Ask Don't Tell" policy, which had banned homosexuals from openly serving in the US military.

Data Source & Citation

Raw data for these calculations comes from 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.

You may use the following MLA citation for this page: “\$1 in 2010 → 2007 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 13 May. 2021, https://www.officialdata.org/us/inflation/2010?amount=1&endYear=2007.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

in2013dollars.com is a reference website maintained by the Official Data Foundation.