According to the U.S. Bureau of Labor Statistics, prices in Denver, Colorado are 176.60% higher in 2023 versus 1989 (a $84,766,839.38 difference in value).
Between 1989 and 2023: Denver experienced an average inflation rate of 3.04% per year. This rate of change indicates significant inflation. In other words, $48,000,000 in Denver in the year 1989 would cost $132,766,839.38 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.68% during this same period, inflation in Denver was higher.
In the year 1989: Pricing changed by 1.85%, which is below the average yearly change in Denver during the 1989-2023 time period. Compared to inflation for all items in 1989 (4.83%), inflation in Denver was lower.
Below are calculations of equivalent buying power in Denver, over time, for $48,000,000 beginning in 1989. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1989 | $48,000,000.00 | 1.85% |
1990 | $50,113,989.64 | 4.40% |
1991 | $52,062,176.17 | 3.89% |
1992 | $54,010,362.69 | 3.74% |
1993 | $56,290,155.44 | 4.22% |
1994 | $58,777,202.07 | 4.42% |
1995 | $61,305,699.48 | 4.30% |
1996 | $63,461,139.90 | 3.52% |
1997 | $65,533,678.76 | 3.27% |
1998 | $67,108,808.29 | 2.40% |
1999 | $69,056,994.82 | 2.90% |
2000 | $71,792,746.11 | 3.96% |
2001 | $75,150,259.07 | 4.68% |
2002 | $76,601,036.27 | 1.93% |
2003 | $77,430,051.81 | 1.08% |
2004 | $77,512,953.37 | 0.11% |
2005 | $79,129,533.68 | 2.09% |
2006 | $81,948,186.53 | 3.56% |
2007 | $83,742,590.67 | 2.19% |
2008 | $87,006,424.87 | 3.90% |
2009 | $86,444,766.84 | -0.65% |
2010 | $88,060,932.64 | 1.87% |
2011 | $91,311,088.08 | 3.69% |
2012 | $93,085,181.35 | 1.94% |
2013 | $95,664,663.21 | 2.77% |
2014 | $98,321,243.52 | 2.78% |
2015 | $99,477,720.21 | 1.18% |
2016 | $102,235,440.41 | 2.77% |
2017 | $105,697,409.33 | 3.39% |
2018 | $108,583,626.94 | 2.73% |
2019 | $110,673,160.62 | 1.92% |
2020 | $112,831,917.10 | 1.95% |
2021 | $116,826,943.01 | 3.54% |
2022 | $126,186,113.99 | 8.01% |
2023 | $132,766,839.38 | 5.22%* |
* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Denver, Colorado:
Year | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
CPI | 104.300 | 107.100 | 107.900 | 110.800 | 113.700 | 115.800 | 120.900 | 125.600 | 130.300 | 135.800 | 141.800 | 147.900 | 153.100 | 158.100 | 161.900 | 166.600 | 173.200 | 181.300 | 184.800 | 186.800 | 187.000 | 190.900 | 197.700 | 202.029 | 209.903 | 208.548 | 212.447 | 220.288 | 224.568 | 230.791 | 237.200 | 239.990 | 246.643 | 254.995 | 261.958 | 266.999 | 272.207 | 281.845 | 304.424 | 320.300 |