According to the U.S. Bureau of Labor Statistics, prices in Chicago, Illinois are 58.12% higher in 2024 versus 2003 (a $11.62 difference in value).
Between 2003 and 2024: Chicago experienced an average inflation rate of 2.21% per year. This rate of change indicates significant inflation. In other words, $20 in Chicago in the year 2003 would cost $31.62 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.57% during this same period, inflation in Chicago was lower.
In the year 2003: Pricing changed by 1.84%, which is below the average yearly change in Chicago during the 2003-2024 time period. Compared to inflation for all items in 2003 (2.27%), inflation in Chicago was lower.
Below are calculations of equivalent buying power in Chicago, over time, for $20 beginning in 2003. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2003 | $20.00 | 1.84% |
| 2004 | $20.45 | 2.24% |
| 2005 | $21.07 | 3.03% |
| 2006 | $21.50 | 2.05% |
| 2007 | $22.20 | 3.27% |
| 2008 | $23.04 | 3.77% |
| 2009 | $22.76 | -1.20% |
| 2010 | $23.07 | 1.37% |
| 2011 | $23.70 | 2.73% |
| 2012 | $24.06 | 1.52% |
| 2013 | $24.34 | 1.14% |
| 2014 | $24.77 | 1.75% |
| 2015 | $24.69 | -0.30% |
| 2016 | $24.86 | 0.66% |
| 2017 | $25.32 | 1.88% |
| 2018 | $25.77 | 1.75% |
| 2019 | $26.14 | 1.46% |
| 2020 | $26.43 | 1.12% |
| 2021 | $27.55 | 4.22% |
| 2022 | $29.63 | 7.55% |
| 2023 | $30.62 | 3.33% |
| 2024 | $31.62 | 3.29%* |
* 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 Chicago, Illinois:
| Year | 1914 | 1915 | 1916 | 1917 | 1918 | 1919 | 1920 | 1921 | 1922 | 1923 | 1924 | 1925 | 1926 | 1927 | 1928 | 1929 | 1930 | 1931 | 1932 | 1933 | 1934 | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| CPI | 10.000 | 10.017 | 10.317 | 11.758 | 13.733 | 16.667 | 19.850 | 18.175 | 17.167 | 17.375 | 17.717 | 18.108 | 18.425 | 18.258 | 17.692 | 17.650 | 17.458 | 15.958 | 14.083 | 12.633 | 12.717 | 13.267 | 13.533 | 14.092 | 13.992 | 13.717 | 13.792 | 14.517 | 15.958 | 16.850 | 17.108 | 17.475 | 19.033 | 22.108 | 24.033 | 24.008 | 24.250 | 26.158 | 26.725 | 26.958 | 27.358 | 27.542 | 27.925 | 28.833 | 29.708 | 29.950 | 30.367 | 30.517 | 30.833 | 31.142 | 31.267 | 31.683 | 32.633 | 33.483 | 34.900 | 36.808 | 38.917 | 40.450 | 41.600 | 44.208 | 48.883 | 52.742 | 55.267 | 58.742 | 63.850 | 71.817 | 82.175 | 90.042 | 96.183 | 100.017 | 103.792 | 107.708 | 109.958 | 114.492 | 118.967 | 124.983 | 131.700 | 137.042 | 141.058 | 145.408 | 148.592 | 153.317 | 157.417 | 161.725 | 164.983 | 168.400 | 173.808 | 178.333 | 181.175 | 184.508 | 188.633 | 194.342 | 198.325 | 204.818 | 212.536 | 209.995 | 212.870 | 218.684 | 222.005 | 224.545 | 228.468 | 227.792 | 229.302 | 233.611 | 237.706 | 241.181 | 243.873 | 254.159 | 273.356 | 282.450 | 291.740 |