$1 in 2009 is worth $1.38 today.
The value of $1 from 2009 to 2022
$1 in 2009 has the purchasing power of about $1.38 today, a $0.38 increase in 13 years. Between 2009 and today, the dollar experienced an average annual inflation rate of 2.52%, resulting in a cumulative price increase of 38.12%.
According to the Bureau of Labor Statistics consumer price index, today's prices are several times higher than the average price since 2009.
In 2009, the inflation rate was -0.36%. Inflation is now 8.52% higher than it was last year. If this figure holds true, $1 today will be worth $9.52 next year in purchasing power.
Inflation from 2009 to 2022
Summary | Value |
---|---|
Cumulative price change (from 2009 to today) | 38.12% |
Average inflation rate (from 2009 to today) | 2.52% |
Converted amount | $1.38 |
Price Difference | $0.38 |
CPI in 2009 | 214.5 |
CPI in 2022 | 296.276 |
Inflation in 2009 | -0.36% |
Inflation in 2022 | 8.52% |
$1 in 2009 | $1.38 in 2022 |
Buying power of $1 in 2009
If you had $1 in your hand in 2009, its adjusted value for inflation today would be $1.38. Put another way, you would need $1.38 to beat the rising inflation. When $1 becomes equivalent to $1.38 over time, the "real value" of a single US dollar decreases. In other words, a dollar will pay for fewer items at the store.
This effect explains how inflation gradually erodes the value of a dollar. By calculating the value in 2009 dollars, it's evident how $1 loses its worth over 13 years.
Dollar inflation for $1 from 2009 to 2022
The below tabular column shows the effect of inflation on $1 in the year 2009 to the year 2009.
Year | Dollar Value | Inflation Rate |
---|---|---|
2009 | 1 | -0.36% |
2010 | 1.02 | 1.64% |
2011 | 1.05 | 3.16% |
2012 | 1.07 | 2.07% |
2013 | 1.09 | 1.46% |
2014 | 1.1 | 1.62% |
2015 | 1.1 | 0.12% |
2016 | 1.12 | 1.26% |
2017 | 1.14 | 2.13% |
2018 | 1.17 | 2.49% |
2019 | 1.19 | 1.76% |
2020 | 1.21 | 1.23% |
2021 | 1.26 | 4.70% |
2022 | 1.38 | 8.52% |
Conversion of 2009 dollars to today's price
Based on the 38.12% change in prices, the following 2009 amounts are shown in today's dollars:
Initial value | Today value |
---|---|
$1 dollar in 2009 | $1.38 dollars today |
$5 dollars in 2009 | $6.91 dollars today |
$10 dollars in 2009 | $13.81 dollars today |
$50 dollars in 2009 | $69.06 dollars today |
$100 dollars in 2009 | $138.12 dollars today |
$500 dollars in 2009 | $690.62 dollars today |
$1,000 dollars in 2009 | $1381.24 dollars today |
$5,000 dollars in 2009 | $6906.2 dollars today |
$10,000 dollars in 2009 | $13812.4 dollars today |
$50,000 dollars in 2009 | $69062 dollars today |
$100,000 dollars in 2009 | $138124.01 dollars today |
$500,000 dollars in 2009 | $690620.05 dollars today |
$1,000,000 dollars in 2009 | $1381240.09 dollars today |
How to calculate the inflated value of $1 in 2009
To calculate the change in value between 2009 and today, we use the following inflation rate formula:
CPI Today / CPI in 2009 x USD Value in 2009 = Current USD Value
By plugging the values into the formula above, we get:
296.276/ 214.5 x $1 = $1.38
To buy the same product that you could buy for $1 in 2009, you would need $1.38 in 2022.
To calculate the cumulative or total inflation rate in the past 13 years between 2009 and 2022, we use the following formula:
CPI in 2022 - CPI in 2009 / CPI in 2009 x 100 = Cumulative Inflation Rate
By inserting the values to this equation, we get:
( 296.276 - 214.5 / 214.5) x 100 = 38.12%
Alternate method to calculate today's value of money after inflation - Using compound interest formula
Given that money changes over time due to inflation, which acts as compound interest, we can use the following formula:
FV = PV (1+i/100)^n
where,
- FV = Future value
- PV = Present value
- i: Average interest rate (inflation)
- n: Number of times the interest is compounded (i.e. # of years)
The future value in this case represents the amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much $1 is worth today. We have 13 years between 2022 and 2009. The average inflation rate was 2.5155949864327%.
Plugging in the values into the formula, we get:
1 (1+ % 2.52/ 100 ) ^ 13 = $1.38