New York prices: $20 in 2000 $29.98 in 2018

Inflation in New York

$

Prices in New York, 2000-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices in New York were 49.90% higher in 2018 versus 2000 (a $9.98 difference in value).

Between 2000 and 2018: New York experienced an average inflation rate of 2.27% per year. This rate of change indicates significant inflation. In other words, $20 in New York in the year 2000 would cost $29.98 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation in New York was higher.

In the year 2000: Pricing changed by 3.11%, which is above the average yearly change in New York during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation in New York was lower.

Price Inflation in New York since 1914

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1919 (22.12%), 1918 (22.09%), and 1920 (17.24%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for New York:

Year 1914 1915 1916 1917 1918 1919 1920 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 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
CPI 9.900 9.917 10.200 11.508 14.050 17.158 20.117 18.408 17.283 17.458 17.492 17.767 18.267 18.050 17.875 17.808 17.575 16.367 14.950 13.933 14.192 14.375 14.550 14.867 14.617 14.550 14.700 15.250 16.717 17.967 18.400 18.825 20.683 23.167 24.742 24.467 24.608 26.442 26.900 27.042 27.208 27.083 27.483 28.358 29.208 29.650 30.192 30.458 30.925 31.600 32.092 32.608 33.708 34.583 36.075 38.308 41.150 43.533 45.450 48.342 53.542 57.608 60.992 64.167 67.850 73.725 82.050 90.125 95.333 99.833 104.833 108.708 112.275 117.950 123.683 130.558 138.542 144.800 150.025 154.508 158.183 162.158 166.925 170.817 173.608 176.983 182.483 187.133 191.900 197.792 204.767 212.708 220.742 226.940 235.782 236.825 240.864 247.718 252.588 256.833 260.230 260.558 263.365 268.520 273.537

View price changes for other categories
Gasoline (all types) · Jewelry · Phoenix, Arizona · Women's apparel · More

Buying power of $20 since 2000

Below are calculations of equivalent buying power in New York, over time, for $20 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2000 $20.00 3.11%
2001 $20.51 2.55%
2002 $21.03 2.55%
2003 $21.68 3.07%
2004 $22.44 3.53%
2005 $23.31 3.88%
2006 $24.19 3.78%
2007 $24.87 2.81%
2008 $25.84 3.90%
2009 $25.96 0.44%
2010 $26.40 1.71%
2011 $27.15 2.85%
2012 $27.68 1.97%
2013 $28.15 1.68%
2014 $28.52 1.32%
2015 $28.56 0.13%
2016 $28.86 1.08%
2017 $29.43 1.96%
2018 $29.98 1.87%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for New York, 2000-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2000 * 2000 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for New York was 182.483 in the year 2000 and 273.537 in 2018:

273.537 / 182.483 * $20 = $29.98

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $29.98 in 2018 (in the CPI category of New York).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for New York in 1914. In addition to New York, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.