# $8,917 in 2008 is worth$9,804.67 in 2014

$8,917 in 2008 has the same purchasing power as$9,804.67 in 2014. Over the 6 years this is a change of $887.67. The average inflation rate of the dollar between 2008 and 2014 was 1.92% per year. The cumulative price increase of the dollar over this time was 9.95%. ## The value of$8,917 from 2008 to 2014

So what does this data mean? It means that the prices in 2014 are 98.05 higher than the average prices since 2008. A dollar in 2014 can buy 90.95% of what it could buy in 2008.

We can look at the buying power equivalent for $8,917 in 2008 to see how much you would need to adjust for in order to beat inflation. For 2008 to 2014, if you started with$8,917 in 2008, you would need to have $9,804.67 in 2008 to keep up with inflation rates. So if we are saying that$8,917 is equivalent to $9,804.67 over time, you can see the core concept of inflation in action. The "real value" of a single dollar decreases over time. It will pay for fewer items at the store than it did previously. In the chart below you can see how the value of the dollar is worth less over 6 years. ## Value of$8,917 Over Time

In the table below we can see the value of the US Dollar over time. According to the BLS, each of these amounts are equivalent in terms of what that amount could purchase at the time.

Year Dollar Value Inflation Rate
2008 $8,917.00 3.84% 2009$8,885.28 -0.36%
2010 $9,031.02 1.64% 2011$9,316.09 3.16%
2012 $9,508.88 2.07% 2013$9,648.16 1.46%