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The US dollar against inflation, currencies and assets
Dollar inflation against other currencies and assets, over the same period, for every country. Against the peso, only the official rate (Com. A 3500 of the BCRA). The S&P 500 comes in as a price index, without dividends.
Pick the period
Selected period: 11/2021 to 11/2026. Each series uses its first and last available month within the period.
The sentences and charts below follow this period. Month-end values; missing months are never filled in.
US CPI-U is available through 09/2026; market prices, through 11/2026.
Purchasing power in the US
Since 11/2021, the dollar has lost 17,5% of its purchasing power in the US: prices rose 21,2% through 09/2026.
100 = the dollar's purchasing power at the start of the period. Below 100, the same dollars buy less in the US; above it, they buy more.
US inflation measured by the consumer price index (CPI-U, not seasonally adjusted). Losing purchasing power means the same dollars buy fewer things.
Against other currencies, gold and Bitcoin
- Since 11/2021, the dollar has risen 6,5% against the DXY's six-currency basket, led by the euro (through 11/2026).
- Since 11/2021, the dollar has risen 4,9% against the 26 currencies in the Fed's broad index (through 11/2026).
- Since 11/2021, the dollar has risen 2,4% against the euro (through 11/2026).
- From 11/2021, the dollar was appreciated 0,2% versus Brazilian real (up to 11/2026).
- Since 11/2021, the dollar has risen 41,3% against the yen (through 11/2026).
- From 11/2021, the dollar was appreciated 0,3% against pound sterling (up to 11/2026).
- Since 11/2021, the dollar has risen 4,8% against the yuan (through 11/2026).
- Since 11/2021, the dollar has fallen 56,8% against gold (through 11/2026).
- Since 11/2021, the dollar has fallen 24,2% against Bitcoin (through 11/2026).
- Since 11/2021, the dollar depreciated 39,8% against the S&P 500 (price only, no dividends) (through 11/2026).
100 = what the dollar was worth at the start of the period. Above 100, the dollar buys more of that benchmark than at the start; below it, less.
The S&P 500 here is the closing price index; it does not include reinvested dividends. FRED’s public series, without an API key, covers about the last ten years.
The dollar against the official peso
Since 11/2021, the dollar appreciated 1.430,8% against the official peso (Com. A 3500 of the BCRA) (through 11/2026).
Base 100 in the first month of the period. The peso is shown separately so it does not crush the scale of the other currencies.
Changes by period
How much the dollar gained (+) or lost (−) against each benchmark. Each period counts back from that series' latest data point (at the latest 11/2026): “1 year” is the 12 months before that point. For the real dollar, + means more expensive in real terms.
| Against | YTD | 1 year | 5 years | 10 years | Max |
|---|---|---|---|---|---|
| US purchasing power (CPI-U) | −3,8% | −3,6% | −18,6% | −28,3% | −93,6% (since 01/1947) |
| US Dollar Index (DXY) | +4,0% | +2,8% | +6,5% | +0,7% | +31,5% (since 01/2011) |
| Fed broad dollar index | +1,8% | +0,7% | +4,9% | +3,5% | +35,9% (since 01/2011) |
| Euro | +6,2% | +5,0% | +2,4% | −4,1% | −1,9% (since 01/2016) |
| Brazilian real | +2,8% | +5,8% | +0,2% | +66,5% | +41,3% (since 01/2016) |
| Yen | +1,9% | +2,3% | +41,3% | +40,0% | +32,1% (since 01/2016) |
| Pound | +1,8% | +0,1% | +0,3% | −5,5% | +7,5% (since 01/2016) |
| Yuan | −4,5% | −5,7% | +4,8% | −3,2% | +1,5% (since 01/2016) |
| Gold | +5,7% | +3,6% | −56,8% | −71,5% | −67,5% (since 01/2011) |
| Bitcoin | +16,3% | +20,1% | −24,2% | −99,0% | −99,5% (since 09/2014) |
| S&P 500 (price only) | −9,8% | −9,8% | −39,8% | −71,0% | −71,0% (since 11/2016) |
| Official peso (A 3500) | +6,2% | +6,5% | +1.430,8% | +9.639,7% | +10.970,9% (since 01/2016) |
What do your dollars from another year buy today?
Your US$ 1.000 from January 2020 now buy what US$ 766 bought back then (−23,4% purchasing power through 09/2026).
See what your dollars are worth
My dollars, with the same period and the selected asset.
US annual inflation, 1996-2025
Change from December to December in the non-seasonally-adjusted CPI-U. Inflation for an incomplete year is not presented as a full year.
Dollar inflation since each year
One page per starting year, with each year's inflation and the comparison with Treasury bills:
2000 · 2001 · 2002 · 2003 · 2004 · 2005 · 2006 · 2007 · 2008 · 2009 · 2010 · 2011 · 2012 · 2013 · 2014 · 2015 · 2016 · 2017 · 2018 · 2019 · 2020 · 2021 · 2022 · 2023 · 2024 · 2025
Data for each series
We use each month's last value. If a series starts after the selected period, the calculation starts at its first month and we say so; we never invent or fill in data. The euro, real, yen, pound and yuan come from BCRA rates (since 2016).
| Series | From | To | Source |
|---|---|---|---|
| US purchasing power (CPI-U) | 01/1947 | 09/2026 | BLS via FRED (CPIAUCNS) |
| US Dollar Index (DXY) | 01/2011 | 11/2026 | ICE via Yahoo Finance (DX-Y.NYB) |
| Fed broad dollar index | 01/2011 | 11/2026 | Federal Reserve via FRED (DTWEXBGS) |
| Euro | 01/2016 | 11/2026 | BCRA (Communication A 3500) |
| Brazilian real | 01/2016 | 11/2026 | BCRA (Communication A 3500) |
| Yen | 01/2016 | 11/2026 | BCRA (Communication A 3500) |
| Pound | 01/2016 | 11/2026 | BCRA (Communication A 3500) |
| Yuan | 01/2016 | 11/2026 | BCRA (Communication A 3500) |
| Gold | 01/2011 | 11/2026 | COMEX via Yahoo Finance (GC=F) |
| Bitcoin | 09/2014 | 11/2026 | Yahoo Finance (BTC-USD) |
| S&P 500 (price only) | 11/2016 | 11/2026 | S&P Dow Jones Indices via FRED (SP500), price only |
| Official peso (A 3500) | 01/2016 | 11/2026 | BCRA, Communication A 3500 |
Past performance does not guarantee future results. This is not investment advice.
Dólar Claro newsroom
Frequently asked questions
How much purchasing power has the dollar lost in the last 5 years?
From 11/2021 to 09/2026, US consumer prices rose 21,2% according to the BLS: the dollar lost 17,5% of its purchasing power.
Has the dollar strengthened or weakened over the last year?
Against the DXY basket (euro, yen, pound and others), the dollar rose 2,8% from 11/2025 to 11/2026.
How much has the dollar lost against gold?
From 11/2021 to 11/2026, an ounce of gold changed +131,5% in dollars: the same dollar buys 56,8% less gold than back then.
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