Denver, Colorado prices: $20 in 1984 $61.42 in 2023

Inflation in Colorado

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Prices in Denver, 1984-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices in Denver, Colorado are 207.09% higher in 2023 versus 1984 (a $41.42 difference in value).

Between 1984 and 2023: Denver experienced an average inflation rate of 2.92% per year. This rate of change indicates significant inflation. In other words, $20 in Denver in the year 1984 would cost $61.42 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.80% during this same period, inflation in Denver was higher.

Price Inflation in Denver, Colorado since 1984

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2022 (8.01%), 2023 (5.22%), and 2001 (4.68%).

View price changes for other categories
Medical care · Hospital services · Admission to sporting events · Bread · More

Buying power of $20.00 since 1984

Below are calculations of equivalent buying power in Denver, over time, for $20 beginning in 1984. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1984$20.00-
1985$20.542.68%
1986$20.690.75%
1987$21.252.69%
1988$21.802.62%
1989$22.211.85%
1990$23.184.40%
1991$24.083.89%
1992$24.993.74%
1993$26.044.22%
1994$27.194.42%
1995$28.364.30%
1996$29.363.52%
1997$30.323.27%
1998$31.052.40%
1999$31.952.90%
2000$33.213.96%
2001$34.774.68%
2002$35.441.93%
2003$35.821.08%
2004$35.860.11%
2005$36.612.09%
2006$37.913.56%
2007$38.742.19%
2008$40.253.90%
2009$39.99-0.65%
2010$40.741.87%
2011$42.243.69%
2012$43.061.94%
2013$44.262.77%
2014$45.482.78%
2015$46.021.18%
2016$47.292.77%
2017$48.903.39%
2018$50.232.73%
2019$51.201.92%
2020$52.201.95%
2021$54.053.54%
2022$58.378.01%
2023$61.425.22%*

* 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 Denver, Colorado:

Year1984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI104.300107.100107.900110.800113.700115.800120.900125.600130.300135.800141.800147.900153.100158.100161.900166.600173.200181.300184.800186.800187.000190.900197.700202.029209.903208.548212.447220.288224.568230.791237.200239.990246.643254.995261.958266.999272.207281.845304.424320.300

Adjust Denver prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1984 * 1984 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Denver, Colorado was 104.300 in the year 1984 and 320.300 in 2023:

320.300 / 104.300 * $20 = $61.42

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1984 has the same "purchasing power" as $61.42 in 2023 (in the CPI category of Denver, Colorado).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Denver, Colorado in 1984. In addition to Denver, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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