According to the Bureau of Labor Statistics consumer price index, today's prices in 2014 are 8.17% lower than average prices since 2020. The U.S. dollar experienced an average inflation rate of 1.43% per year during this period, causing the real value of a dollar to decrease.

In other words, $13.60 in 2020 is equivalent in purchasing power to about $12.49 in 2014, a difference of $-1.11 over 6 years.

The 2014 inflation rate was 1.62%. The current year-over-year inflation rate (2019 to 2020) is now 0.65%^{1}.
If this number holds, $13.60 today will be equivalent in buying power to $13.69 next year.
The current inflation rate page gives more detail on the latest official inflation rates.

Contents

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Cumulative price change | -8.17% |

Average inflation rate | 1.43% |

Converted amount ($13.60 base) | $12.49 |

Price difference ($13.60 base) | $-1.11 |

CPI in 2020 | 257.797 |

CPI in 2014 | 236.736 |

Inflation in 2014 | 1.62% |

Inflation in 2020 | 0.65% |

This chart shows a calculation of buying power equivalence for $13.60 in 2014 (price index tracking began in 1635).

For example, if you started with $13.60, you would need to end with $12.49 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $13.60 is equivalent to $12.49 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 2014 dollars, the chart below shows how $13.60 is worth less over 6 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:

This conversion table shows various other 2014 amounts in today's dollars, based on the -8.17% change in prices:

Initial value | Equivalent value |
---|---|

$1 dollar in 2014 | $1.09 dollars today |

$5 dollars in 2014 | $5.44 dollars today |

$10 dollars in 2014 | $10.89 dollars today |

$50 dollars in 2014 | $54.45 dollars today |

$100 dollars in 2014 | $108.90 dollars today |

$500 dollars in 2014 | $544.48 dollars today |

$1,000 dollars in 2014 | $1,088.96 dollars today |

$5,000 dollars in 2014 | $5,444.82 dollars today |

$10,000 dollars in 2014 | $10,889.64 dollars today |

$50,000 dollars in 2014 | $54,448.20 dollars today |

$100,000 dollars in 2014 | $108,896.41 dollars today |

$500,000 dollars in 2014 | $544,482.04 dollars today |

$1,000,000 dollars in 2014 | $1,088,964.08 dollars today |

Inflation can also vary widely by country. For comparison, in the UK £13.60 in 2020 would be equivalent to £12.07 in 2014, an absolute change of £-1.53 and a cumulative change of -11.27%.

In Canada, CA$13.60 in 2020 would be equivalent to CA$12.41 in 2014, an absolute change of CA$-1.19 and a cumulative change of -8.72%.

Compare these numbers to the US's overall absolute change of $-1.11 and total percent change of -8.17%.

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 2020 and 2014.

Compare these values to the overall average of 1.43% per year:

Category | Avg Inflation (%) | Total Inflation (%) | $13.60 in 2014 → 2020 |
---|---|---|---|

Food and beverages | 1.46 | 9.08 | 14.83 |

Housing | 2.50 | 15.97 | 15.77 |

Apparel | -1.08 | -6.31 | 12.74 |

Transportation | -1.26 | -7.33 | 12.60 |

Medical care | 2.87 | 18.47 | 16.11 |

Recreation | 0.91 | 5.60 | 14.36 |

Education and communication | 0.23 | 1.38 | 13.79 |

Other goods and services | 2.04 | 12.90 | 15.35 |

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 2020. This table and charts use the earliest available data for each category.

Our calculations use the following inflation rate formula to calculate the change in value between 2014 and today:

CPI in 2014
CPI today

×

2020 USD value

=

Today's value

Then plug in historical CPI values. The U.S. CPI was 257.797 in the year 2020 and 236.736 in 2014:

236.736257.797

×

$13.60

=

$13.60 in 2020 has the same "purchasing power" or "buying power" as $12.49 in 2014.

To get the total inflation rate for the 6 years between 2014 and 2020, we use the following formula:

CPI in 2014 - CPI in 2020CPI in 2020

×

100

=

Plugging in the values to this equation, we get:

236.736 - 257.797257.797

×

100

=

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 1.91% per year between 2020 and 2014 (vs all-CPI inflation of 1.43%), for an inflation total of 12.01%.

When using the core inflation measurement, $13.60 in 2020 is equivalent in buying power to $15.23 in 2014, a difference of $1.63. Recall that for All Items, the converted amount is $12.49 with a difference of $-1.11.

In 2020, core inflation was 1.75%.

**Chained CPI** is an alternative measurement that takes into account how consumers adjust spending for similar items.
Chained inflation averaged 1.10% per year between 2020 and 2014, a total inflation amount of 12.01%.

According to the Chained CPI measurement, $13.60 in 2020 is equal in buying power to $14.53 in 2014, a difference of $0.93 (versus a converted amount of $12.49/change of $-1.11 for All Items).

In 2020, chained inflation was 1.45%.

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: “$13.60 in 2020 → 2014 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 7 Aug. 2020, https://www.officialdata.org/us/inflation/2020?endYear=2014&amount=13.60.

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.

Cumulative price change | -8.17% |

Average inflation rate | 1.43% |

Converted amount ($13.60 base) | $12.49 |

Price difference ($13.60 base) | $-1.11 |

CPI in 2020 | 257.797 |

CPI in 2014 | 236.736 |

Inflation in 2014 | 1.62% |

Inflation in 2020 | 0.65% |