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Friday, December 31, 2021

Your Buying Power of $200 from 2010 is only worth $155 in today's dollars


SOURCE:  https://www.in2013dollars.com/us/inflation/2010?amount=200
 
* Compared to previous annual rate. Not final.




$200 in 2010 is equivalent in purchasing power to about $254.93 in  today's money, that's an increase of $51.60 over 11 years!


The dollar had an average inflation rate of only 2.23% per year between 2010 and today, producing a cumulative price increase of 27.47%. 

This means that today's prices are 1.27 times higher than average prices since 2010, according to the Bureau of Labor Statistics consumer price index. 

A dollar today only buys 78.45% of what it could buy back then.


The 2010 inflation rate was 1.64%.


The 2021 inflation rate is 7.39%.





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