According to the U.S. Bureau of Labor Statistics, prices in Phoenix, Arizona were 8.65% higher in 2018 versus 2014 (a $1.73 difference in value).
Between 2014 and 2018: Phoenix experienced an average inflation rate of 2.09% per year. This rate of change indicates significant inflation. In other words, $20 in Phoenix in the year 2014 would cost $21.73 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.48% during this same period, inflation in Phoenix was higher.
In the year 2014: Pricing changed by 1.62%, which is below the average yearly change in Phoenix during the 2014-2018 time period. Compared to inflation for all items in 2014 (1.62%), inflation in Phoenix was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Phoenix, Arizona:
Below are calculations of equivalent buying power in Phoenix, over time, for $20 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|