According to the U.S. Bureau of Labor Statistics, prices in Phoenix, Arizona are 65.74% higher in 2023 versus 2005 (a $108,471,883,656.51 difference in value).
Between 2005 and 2023: Phoenix experienced an average inflation rate of 2.85% per year. This rate of change indicates significant inflation. In other words, $165,000,000,000 in Phoenix in the year 2005 would cost $273,471,883,656.51 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.50% during this same period, inflation in Phoenix was higher.
In the year 2005: Pricing changed by 2.95%, which is above the average yearly change in Phoenix during the 2005-2023 time period. Compared to inflation for all items in 2005 (3.39%), inflation in Phoenix was lower.
Below are calculations of equivalent buying power in Phoenix, over time, for $165,000,000,000 beginning in 2005. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2005 | $165,000,000,000.00 | 2.95% |
2006 | $169,875,346,260.39 | 2.95% |
2007 | $175,640,443,213.30 | 3.39% |
2008 | $181,704,155,124.65 | 3.45% |
2009 | $179,120,221,606.65 | -1.42% |
2010 | $180,124,238,227.15 | 0.56% |
2011 | $185,084,903,047.09 | 2.75% |
2012 | $189,219,806,094.18 | 2.23% |
2013 | $191,634,626,038.78 | 1.28% |
2014 | $194,744,182,825.48 | 1.62% |
2015 | $195,042,797,783.93 | 0.15% |
2016 | $198,223,961,218.84 | 1.63% |
2017 | $203,125,207,756.23 | 2.47% |
2018 | $211,582,409,972.30 | 4.16% |
2019 | $217,745,152,354.57 | 2.91% |
2020 | $222,017,174,515.24 | 1.96% |
2021 | $233,151,246,537.40 | 5.01% |
2022 | $259,996,121,883.66 | 11.51% |
2023 | $273,471,883,656.51 | 5.18%* |
* 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 Phoenix, Arizona:
Year | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
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 | 138.875 | 142.920 | 145.724 | 153.032 | 170.652 | 179.497 |