Chicago, Illinois prices: $710 in 2014 → $938.01 in 2026

Inflation in Illinois

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Prices in Chicago, 2014-2026 ($710)

According to the U.S. Bureau of Labor Statistics, prices in Chicago, Illinois are 32.11% higher in 2026 versus 2014 (a $228.01 difference in value).

Between 2014 and 2026: Chicago experienced an average inflation rate of 2.35% per year. This rate of change indicates significant inflation. In other words, $710 in Chicago in the year 2014 would cost $938.01 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 2.65% during this same period, inflation in Chicago was lower.

In the year 2014: Pricing changed by 1.75%, which is below the average yearly change in Chicago during the 2014-2026 time period. Compared to inflation for all items in 2014 (1.62%), inflation in Chicago was higher.

Price Inflation in Chicago, Illinois since 1914

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1919 (21.36%), 1920 (19.10%), and 1918 (16.80%).
View price changes for other categories
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Buying power of $710.00 since 2014

Below are calculations of equivalent buying power in Chicago, over time, for $710 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2014$710.001.75%
2015$707.90-0.30%
2016$712.590.66%
2017$725.981.88%
2018$738.711.75%
2019$749.511.46%
2020$757.871.12%
2021$789.844.22%
2022$849.507.55%
2023$877.763.33%
2024$908.143.46%
2025$937.063.19%
2026$938.010.10%*

* 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:

Year19141915191619171918191919201921192219231924192519261927192819291930193119321933193419351936193719381939194019411942194319441945194619471948194919501951195219531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026
CPI10.00010.01710.31711.75813.73316.66719.85018.17517.16717.37517.71718.10818.42518.25817.69217.65017.45815.95814.08312.63312.71713.26713.53314.09213.99213.71713.79214.51715.95816.85017.10817.47519.03322.10824.03324.00824.25026.15826.72526.95827.35827.54227.92528.83329.70829.95030.36730.51730.83331.14231.26731.68332.63333.48334.90036.80838.91740.45041.60044.20848.88352.74255.26758.74263.85071.81782.17590.04296.183100.017103.792107.708109.958114.492118.967124.983131.700137.042141.058145.408148.592153.317157.417161.725164.983168.400173.808178.333181.175184.508188.633194.342198.325204.818212.536209.995212.870218.684222.005224.545228.468227.792229.302233.611237.706241.181243.873254.159273.356282.450292.225301.533301.839

Adjust Chicago prices for inflation

Start with the inflation rate formula:

CPI in 2026 / CPI in 2014 * 2014 USD value = 2026 USD value

Then plug in historical CPI values from above. The CPI for Chicago, Illinois was 228.468 in the year 2014 and 301.839 in 2026:

301.839 / 228.468 * $710 = $938.01

Therefore, according to U.S. Bureau of Labor Statistics, $710 in 2014 has the same "purchasing power" as $938.01 in 2026 (in the CPI category of Chicago, Illinois).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Chicago, Illinois in 1914. In addition to Chicago, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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