Our calculations use the following inflation rate formula to calculate the change in value between 2008 and 2022: Then plug in historical CPI values. The U.S. CPI was 215.303 in the year 2008 and 292.65583333333 in 2022: $100 in 2008 has the same "purchasing power" or "buying power" as $135.93 in 2022.
Are there any differences between 2008 and 2023?
There are many differences. We do not expect a 2008-alike crash in 2023. There are too many differences between 2008 and 2022 with only one similarity. We do not expect a market crash similar to the one in 2008. Many are anxious about the next next lower in markets to start soon, not later than early 2023.
Is the 2022 housing market different than 2008?
The 2022 Housing Market Is Different Than 2008. Will It Still Crash? Home prices continue to grow even as mortgage rates soar to their highest level since 2008. Many are beginning to make comparisons to the 2007 housing bubble in anticipation of a potential crash.
How much is $100 in 2022?
$100 in 2008 is equivalent in purchasing power to about $135.93 in 2022, an increase of $35.93 over 14 years. The dollar had an average inflation rate of 2.22% per year between 2008 and 2022, producing a cumulative price increase of 35.93%.
