$1 in 2015 is equivalent in purchasing power to about $1.01 in 2016. The dollar had an average inflation rate of 1.26% per year between 2015 and 2016, producing a cumulative price increase of 1.26%. Purchasing power decreased by 1.26% in 2016 compared to 2015. On average, you would have to spend 1.26% more money in 2016 than in 2015 for the same item.

This means that prices in 2016 are 1.01 times higher than average prices since 2015, according to the Bureau of Labor Statistics consumer price index.

The 2015 inflation rate was 0.12%. The inflation rate in 2016 was 1.26%. The 2016 inflation rate is lower compared to the average inflation rate of 2.88% per year between 2016 and 2021.

Inflation rate is calculated by change in the consumer price index (CPI). The CPI in 2016 was 240.01. It was 237.02 in the previous year, 2015. The difference in CPI between the years is used by the Bureau of Labor Statistics to officially determine inflation.

Contents

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Average inflation rate | 1.26% |

Converted amount ($1 base) | $1.01 |

Price difference ($1 base) | $0.01 |

CPI in 2015 | 237.017 |

CPI in 2016 | 240.007 |

Inflation in 2015 | 0.12% |

Inflation in 2016 | 1.26% |

$1 in 2015 | $1.01 in 2016 |

Inflation can vary widely by city, even within the United States. Here's how some cities fared in 2015 to 2016 (figures shown are purchasing power equivalents of $1):

**San Diego, California**: 4.00% average rate, $1 → $1.04, cumulative change of 4.00%**San Francisco, California**: 3.06% average rate, $1 → $1.03, cumulative change of 3.06%**Denver, Colorado**: 2.77% average rate, $1 → $1.03, cumulative change of 2.77%**Seattle, Washington**: 2.24% average rate, $1 → $1.02, cumulative change of 2.24%**Miami-Fort Lauderdale, Florida**: 1.73% average rate, $1 → $1.02, cumulative change of 1.73%**Atlanta, Georgia**: 1.65% average rate, $1 → $1.02, cumulative change of 1.65%**Phoenix, Arizona**: 1.63% average rate, $1 → $1.02, cumulative change of 1.63%**Minneapolis-St Paul, Minnesota**: 1.55% average rate, $1 → $1.02, cumulative change of 1.55%**Houston, Texas**: 1.49% average rate, $1 → $1.01, cumulative change of 1.49%**Detroit, Michigan**: 1.46% average rate, $1 → $1.01, cumulative change of 1.46%**Dallas-Fort Worth, Texas**: 1.40% average rate, $1 → $1.01, cumulative change of 1.40%**Boston, Massachusetts**: 1.38% average rate, $1 → $1.01, cumulative change of 1.38%**Tampa, Florida**: 1.17% average rate, $1 → $1.01, cumulative change of 1.17%**New York**: 1.08% average rate, $1 → $1.01, cumulative change of 1.08%**St Louis, Missouri**: 0.80% average rate, $1 → $1.01, cumulative change of 0.80%**Chicago, Illinois**: 0.66% average rate, $1 → $1.01, cumulative change of 0.66%**Philadelphia, Pennsylvania**: 0.59% average rate, $1 → $1.01, cumulative change of 0.59%

San Diego, California experienced the highest rate of inflation during the 1 years between 2015 and 2016 (4.00%).

Philadelphia, Pennsylvania experienced the lowest rate of inflation during the 1 years between 2015 and 2016 (0.59%).

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

Inflation can also vary widely by country. For comparison, in the UK £1.00 in 2015 would be equivalent to £1.02 in 2016, an absolute change of £0.02 and a cumulative change of 1.74%.

In Canada, CA$1.00 in 2015 would be equivalent to CA$1.02 in 2016, an absolute change of CA$0.02 and a cumulative change of 1.50%.

Compare these numbers to the US's overall absolute change of $0.01 and total percent change of 1.26%.

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 2015 and 2016.

Compare these values to the overall average of 1.26% per year:

Category | Avg Inflation (%) | Total Inflation (%) | $1 in 2015 → 2016 |
---|---|---|---|

Food and beverages | 0.35 | 0.35 | 1.00 |

Housing | 2.48 | 2.48 | 1.02 |

Apparel | 0.11 | 0.11 | 1.00 |

Transportation | -2.10 | -2.10 | 0.98 |

Medical care | 3.79 | 3.79 | 1.04 |

Recreation | 0.90 | 0.90 | 1.01 |

Education and communication | 0.67 | 0.67 | 1.01 |

Other goods and services | 1.97 | 1.97 | 1.02 |

For all these visualizations, it's important to note that not all categories may have been tracked since 2015. 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 2015 and 2016:

CPI in 2016
CPI in 2015

×

2015 USD value

=

2016 USD value

Then plug in historical CPI values. The U.S. CPI was 237.017 in the year 2015 and 240.007 in 2016:

240.007237.017

×

$1

=

$1 in 2015 has the same "purchasing power" or "buying power" as $1.01 in 2016.

To get the total inflation rate for the 1 years between 2015 and 2016, we use the following formula:

CPI in 2016 - CPI in 2015CPI in 2015

×

100

=

Plugging in the values to this equation, we get:

240.007 - 237.017237.017

×

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 2.21% per year between 2015 and 2016 (vs all-CPI inflation of 1.26%), for an inflation total of 2.21%.

When using the core inflation measurement, $1 in 2015 is equivalent in buying power to $1.02 in 2016, a difference of $0.02. Recall that for All Items, the converted amount is $1.01 with a difference of $0.01.

In 2015, core inflation was 1.83%.

**Chained CPI** is an alternative measurement that takes into account how consumers adjust spending for similar items.
Chained inflation averaged 0.93% per year between 2015 and 2016, a total inflation amount of 2.21%.

According to the Chained CPI measurement, $1 in 2015 is equal in buying power to $1.01 in 2016, a difference of $0.01 (versus a converted amount of $1.01/change of $0.01 for All Items).

In 2015, chained inflation was -0.12%.

To help put this inflation into perspective, if we had invested $1 in the S&P 500 index in 2015, our investment would be * nominally* worth approximately $1.17 in 2016. This is a return on investment of 16.92%, with an absolute return of $0.17 on top of the original $1.

These numbers are not inflation adjusted, so they are considered *nominal*. In order to evaluate the *real* return on our investment, we must calculate the return with inflation taken into account.

The compounding effect of inflation would account for 1.25% of returns ($0.01) during this period. This means the inflation-adjusted * real* return of our $1 investment is $0.15. You may also want to account for capital gains tax, which would take your real return down to around $0 for most people.

Original Amount | Final Amount | Change | |
---|---|---|---|

Nominal |
$1 | $1.17 | 16.92% |

RealInflation Adjusted |
$1 | $1.15 | 15.46% |

Information displayed above may differ slightly from other S&P 500 calculators. Minor discrepancies can occur because we use the latest CPI data for inflation, annualized inflation numbers for previous years, and we compute S&P price and dividends from January of 2015 to latest available data for 2016 using average monthly close price.

For more details on the S&P 500 between 2015 and 2016, see the stock market returns calculator.

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

- Barack Obama and Raul Castro, hold the first meeting between Cuban and American leaders since the Cuban Revolution.
- The population of India reaches 1 billion (officially). The billionth baby was named Astha Arora.
- Donald Trump announces his intention to join the US presidential campaign.
- China brings an end to its one child policy, 35 years after it was first introduced.

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: “Inflation Rate in 2016 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 1 Dec. 2021, https://www.officialdata.org/inflation-rate-in-2016.

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.

Average inflation rate | 1.26% |

Converted amount ($1 base) | $1.01 |

Price difference ($1 base) | $0.01 |

CPI in 2015 | 237.017 |

CPI in 2016 | 240.007 |

Inflation in 2015 | 0.12% |

Inflation in 2016 | 1.26% |

$1 in 2015 | $1.01 in 2016 |