Boston, Massachusetts prices: $1,000 in 2018 $1,126.60 in 2022

Inflation in Massachusetts


Prices in Boston, 2018-2022 ($1,000)

According to the U.S. Bureau of Labor Statistics, prices in Boston, Massachusetts are 12.66% higher in 2022 versus 2018 (a $126.60 difference in value).

Between 2018 and 2022: Boston experienced an average inflation rate of 3.02% per year. This rate of change indicates significant inflation. In other words, $1,000 in Boston in the year 2018 would cost $1,126.60 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.62% during this same period, inflation in Boston was lower.

In the year 2018: Pricing changed by 3.23%, which is above the average yearly change in Boston during the 2018-2022 time period. Compared to inflation for all items in 2018 (2.44%), 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 $1,000.00 since 2018

Below are calculations of equivalent buying power in Boston, over time, for $1,000 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
* Not final. See inflation summary for latest details.

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


Adjust Boston prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2018 * 2018 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Boston, Massachusetts was 275.531 in the year 2018 and 310.412 in 2022:

310.412 / 275.531 * $1,000 = $1,126.60

Therefore, according to U.S. Bureau of Labor Statistics, $1,000 in 2018 has the same "purchasing power" as $1,126.60 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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