Boston, Massachusetts prices: $20 in 2002 $31.79 in 2022

Inflation in Massachusetts

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Prices in Boston, 2002-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices in Boston, Massachusetts are 58.94% higher in 2022 versus 2002 (a $11.79 difference in value).

Between 2002 and 2022: Boston experienced an average inflation rate of 2.34% per year. This rate of change indicates significant inflation. In other words, $20 in Boston in the year 2002 would cost $31.79 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.45% during this same period, inflation in Boston was lower.

In the year 2002: Pricing changed by 2.55%, which is above the average yearly change in Boston during the 2002-2022 time period. Compared to inflation for all items in 2002 (1.59%), inflation in Boston was higher.

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%).

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Buying power of $20.00 since 2002

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

YearUSD ValueInflation Rate
2002$20.002.55%
2003$20.743.70%
2004$21.332.87%
2005$22.013.17%
2006$22.713.19%
2007$23.141.88%
2008$23.993.67%
2009$23.80-0.81%
2010$24.191.64%
2011$24.832.65%
2012$25.231.62%
2013$25.581.39%
2014$26.001.64%
2015$26.160.63%
2016$26.521.38%
2017$27.202.55%
2018$28.083.23%
2019$28.642.01%
2020$28.951.08%
2021$29.843.09%
2022$31.796.51%*

* 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 Boston, Massachusetts:

Year1914191519161917191819191920192119221923192419251926192719281929193019311932193319341935193619371938193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI10.50010.51710.81712.27514.45817.53320.55818.71717.05817.31717.43317.62518.27518.08317.73317.65017.52516.16714.57513.60814.03314.32514.40814.73314.35814.14214.27514.90816.50017.36717.55817.91719.38322.06723.88323.59223.90025.50026.05826.12526.22526.35027.07528.02528.92529.15029.70030.15030.80031.42531.85032.45033.45034.32535.67537.65039.95042.07543.57546.00050.75055.32559.82562.87566.23372.90082.15091.48395.40099.617104.517109.150112.133116.917123.783131.000138.583144.867148.400152.817154.750158.467163.100167.800171.583175.733183.267191.383196.267203.533209.367216.000222.900227.096235.423233.509237.341243.629247.564251.007255.125256.743260.282266.921275.531281.063284.089292.873311.948

Adjust Boston prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2002 * 2002 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Boston, Massachusetts was 196.267 in the year 2002 and 311.948 in 2022:

311.948 / 196.267 * $20 = $31.79

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2002 has the same "purchasing power" as $31.79 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.

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