Boston, Massachusetts prices: $5,539 in 1994 $11,110.66 in 2022

Inflation in Massachusetts

$

Prices in Boston, 1994-2022 ($5,539)

According to the U.S. Bureau of Labor Statistics, prices in Boston, Massachusetts are 100.59% higher in 2022 versus 1994 (a $5,571.66 difference in value).

Between 1994 and 2022: Boston experienced an average inflation rate of 2.52% per year. This rate of change indicates significant inflation. In other words, $5,539 in Boston in the year 1994 would cost $11,110.66 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.42% during this same period, inflation in Boston was higher.

In the year 1994: Pricing changed by 1.27%, which is below the average yearly change in Boston during the 1994-2022 time period. Compared to inflation for all items in 1994 (2.60%), inflation in Boston was lower.

Price Inflation in Boston, Massachusetts since 1914

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1919 (21.27%), 1918 (17.79%), and 1920 (17.25%).

View price changes for other categories
Bananas · Admission to sporting events · Milk · San Francisco, California · More

Buying power of $5,539.00 since 1994

Below are calculations of equivalent buying power in Boston, over time, for $5,539 beginning in 1994. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1994$5,539.001.27%
1995$5,672.032.40%
1996$5,837.872.92%
1997$6,006.102.88%
1998$6,141.522.25%
1999$6,290.062.42%
2000$6,559.704.29%
2001$6,850.224.43%
2002$7,025.012.55%
2003$7,285.113.70%
2004$7,493.912.87%
2005$7,731.333.17%
2006$7,978.313.19%
2007$8,128.481.88%
2008$8,426.553.67%
2009$8,358.04-0.81%
2010$8,495.191.64%
2011$8,720.252.65%
2012$8,861.101.62%
2013$8,984.351.39%
2014$9,131.741.64%
2015$9,189.650.63%
2016$9,316.331.38%
2017$9,553.962.55%
2018$9,862.133.23%
2019$10,060.152.01%
2020$10,168.451.08%
2021$10,482.883.09%
2022$11,110.665.99%*
* Not final. See inflation summary for latest details.

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

Year1914191519161917191819191920192119221923192419251926192719281929193019311932193319341935193619371938193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI10.50010.51710.81712.27514.45817.53320.55818.71717.05817.31717.43317.62518.27518.08317.73317.65017.52516.16714.57513.60814.03314.32514.40814.73314.35814.14214.27514.90816.50017.36717.55817.91719.38322.06723.88323.59223.90025.50026.05826.12526.22526.35027.07528.02528.92529.15029.70030.15030.80031.42531.85032.45033.45034.32535.67537.65039.95042.07543.57546.00050.75055.32559.82562.87566.23372.90082.15091.48395.40099.617104.517109.150112.133116.917123.783131.000138.583144.867148.400152.817154.750158.467163.100167.800171.583175.733183.267191.383196.267203.533209.367216.000222.900227.096235.423233.509237.341243.629247.564251.007255.125256.743260.282266.921275.531281.063284.089292.873310.412

Adjust Boston prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1994 * 1994 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Boston, Massachusetts was 154.750 in the year 1994 and 310.412 in 2022:

310.412 / 154.750 * $5,539 = $11,110.66

Therefore, according to U.S. Bureau of Labor Statistics, $5,539 in 1994 has the same "purchasing power" as $11,110.66 in 2022 (in the CPI category of Boston, Massachusetts).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Boston, Massachusetts in 1914. In addition to Boston, 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.