According to the U.S. Bureau of Labor Statistics, prices in Denver, Colorado are 17.67% higher in 2023 versus 2020 (a $2.65 difference in value).
Between 2020 and 2023: Denver experienced an average inflation rate of 5.57% per year. This rate of change indicates significant inflation. In other words, $15 in Denver in the year 2020 would cost $17.65 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 5.59% during this same period, inflation in Denver was lower.
In the year 2020: Pricing changed by 1.95%, which is significantly below the average yearly change in Denver during the 2020-2023 time period. Compared to inflation for all items in 2020 (1.23%), inflation in Denver was higher.
Below are calculations of equivalent buying power in Denver, over time, for $15 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2020 | $15.00 | 1.95% |
| 2021 | $15.53 | 3.54% |
| 2022 | $16.78 | 8.01% |
| 2023 | $17.65 | 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 |