According to the U.S. Bureau of Labor Statistics, prices in Denver, Colorado are 181.71% higher in 2023 versus 1988 (a $3,634,124.89 difference in value).
Between 1988 and 2023: Denver experienced an average inflation rate of 3% per year. This rate of change indicates significant inflation. In other words, $2,000,000 in Denver in the year 1988 would cost $5,634,124.89 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.74% during this same period, inflation in Denver was higher.
In the year 1988: Pricing changed by 2.62%, which is below the average yearly change in Denver during the 1988-2023 time period. Compared to inflation for all items in 1988 (4.08%), inflation in Denver was lower.
Below are calculations of equivalent buying power in Denver, over time, for $2,000,000 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1988 | $2,000,000.00 | 2.62% |
1989 | $2,036,939.31 | 1.85% |
1990 | $2,126,649.08 | 4.40% |
1991 | $2,209,322.78 | 3.89% |
1992 | $2,291,996.48 | 3.74% |
1993 | $2,388,742.30 | 4.22% |
1994 | $2,494,283.20 | 4.42% |
1995 | $2,601,583.11 | 4.30% |
1996 | $2,693,051.89 | 3.52% |
1997 | $2,781,002.64 | 3.27% |
1998 | $2,847,845.21 | 2.40% |
1999 | $2,930,518.91 | 2.90% |
2000 | $3,046,613.90 | 3.96% |
2001 | $3,189,094.11 | 4.68% |
2002 | $3,250,659.63 | 1.93% |
2003 | $3,285,839.93 | 1.08% |
2004 | $3,289,357.96 | 0.11% |
2005 | $3,357,959.54 | 2.09% |
2006 | $3,477,572.56 | 3.56% |
2007 | $3,553,720.32 | 2.19% |
2008 | $3,692,225.15 | 3.90% |
2009 | $3,668,390.50 | -0.65% |
2010 | $3,736,974.49 | 1.87% |
2011 | $3,874,898.86 | 3.69% |
2012 | $3,950,184.70 | 1.94% |
2013 | $4,059,648.20 | 2.77% |
2014 | $4,172,383.47 | 2.78% |
2015 | $4,221,459.98 | 1.18% |
2016 | $4,338,487.25 | 2.77% |
2017 | $4,485,400.18 | 3.39% |
2018 | $4,607,880.39 | 2.73% |
2019 | $4,696,552.33 | 1.92% |
2020 | $4,788,161.83 | 1.95% |
2021 | $4,957,695.69 | 3.54% |
2022 | $5,354,863.68 | 8.01% |
2023 | $5,634,124.89 | 5.22%* |
* 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:
Year | 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 |
CPI | 104.300 | 107.100 | 107.900 | 110.800 | 113.700 | 115.800 | 120.900 | 125.600 | 130.300 | 135.800 | 141.800 | 147.900 | 153.100 | 158.100 | 161.900 | 166.600 | 173.200 | 181.300 | 184.800 | 186.800 | 187.000 | 190.900 | 197.700 | 202.029 | 209.903 | 208.548 | 212.447 | 220.288 | 224.568 | 230.791 | 237.200 | 239.990 | 246.643 | 254.995 | 261.958 | 266.999 | 272.207 | 281.845 | 304.424 | 320.300 |