Phoenix, Arizona prices: $20 in 2002 $26.35 in 2017

Inflation in Arizona

$

Prices in Phoenix, 2002-2017 ($20)

According to the U.S. Bureau of Labor Statistics, prices in Phoenix, Arizona were 31.74% higher in 2017 versus 2002 (a $6.35 difference in value).

Between 2002 and 2017: Phoenix experienced an average inflation rate of 1.85% per year. In other words, $20 in Phoenix in the year 2002 would cost $26.35 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.08% during this same period, inflation in Phoenix was lower.

Price Inflation in Phoenix, Arizona since 2002

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2008 (3.45%), 2007 (3.39%), and 2006 (2.95%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Phoenix, Arizona:

Year 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
CPI 101.200 103.300 105.200 108.300 111.500 115.284 119.264 117.568 118.227 121.483 124.197 125.782 127.823 128.019 130.107 133.324

View price changes for other categories
Public transportation · Bananas · Housing · New cars · More

Buying power of $20 since 2002

Below are calculations of equivalent buying power in Phoenix, over time, for $20 beginning in 2002. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2002 $20.00 -
2003 $20.42 2.08%
2004 $20.79 1.84%
2005 $21.40 2.95%
2006 $22.04 2.95%
2007 $22.78 3.39%
2008 $23.57 3.45%
2009 $23.23 -1.42%
2010 $23.37 0.56%
2011 $24.01 2.75%
2012 $24.54 2.23%
2013 $24.86 1.28%
2014 $25.26 1.62%
2015 $25.30 0.15%
2016 $25.71 1.63%
2017 $26.35 2.47%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for Phoenix, 2002-2017

Start with the inflation rate formula:

CPI in 2017 / CPI in 2002 * 2002 USD value = 2017 USD value

Then plug in historical CPI values from above. The CPI for Phoenix, Arizona was 101.200 in the year 2002 and 133.324 in 2017:

133.324 / 101.200 * $20 = $26.35

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2002 has the same "purchasing power" as $26.35 in 2017 (in the CPI category of Phoenix, Arizona).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Phoenix, Arizona in 2002. In addition to Phoenix, 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.