According to the U.S. Bureau of Labor Statistics, prices in New York are 183.01% higher in 2024 versus 1987 (a $36.60 difference in value).
Between 1987 and 2024: New York experienced an average inflation rate of 2.85% per year. This rate of change indicates significant inflation. In other words, $20 in New York in the year 1987 would cost $56.60 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.78% during this same period, inflation in New York was higher.
In the year 1987: Pricing changed by 5.05%, which is above the average yearly change in New York during the 1987-2024 time period. Compared to inflation for all items in 1987 (3.66%), inflation in New York was higher.
Below are calculations of equivalent buying power in New York, over time, for $20 beginning in 1987. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1987 | $20.00 | 5.05% |
| 1988 | $20.97 | 4.86% |
| 1989 | $22.14 | 5.56% |
| 1990 | $23.49 | 6.11% |
| 1991 | $24.55 | 4.52% |
| 1992 | $25.44 | 3.61% |
| 1993 | $26.20 | 2.99% |
| 1994 | $26.82 | 2.38% |
| 1995 | $27.50 | 2.51% |
| 1996 | $28.30 | 2.94% |
| 1997 | $28.96 | 2.33% |
| 1998 | $29.44 | 1.63% |
| 1999 | $30.01 | 1.94% |
| 2000 | $30.94 | 3.11% |
| 2001 | $31.73 | 2.55% |
| 2002 | $32.54 | 2.55% |
| 2003 | $33.54 | 3.07% |
| 2004 | $34.72 | 3.53% |
| 2005 | $36.07 | 3.88% |
| 2006 | $37.43 | 3.78% |
| 2007 | $38.48 | 2.81% |
| 2008 | $39.98 | 3.90% |
| 2009 | $40.16 | 0.44% |
| 2010 | $40.84 | 1.71% |
| 2011 | $42.00 | 2.85% |
| 2012 | $42.83 | 1.97% |
| 2013 | $43.55 | 1.68% |
| 2014 | $44.13 | 1.32% |
| 2015 | $44.18 | 0.13% |
| 2016 | $44.66 | 1.08% |
| 2017 | $45.53 | 1.96% |
| 2018 | $46.40 | 1.91% |
| 2019 | $47.17 | 1.65% |
| 2020 | $47.97 | 1.71% |
| 2021 | $49.56 | 3.32% |
| 2022 | $52.59 | 6.10% |
| 2023 | $54.60 | 3.82% |
| 2024 | $56.60 | 3.67%* |
* 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 New York:
| 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 | 9.900 | 9.917 | 10.200 | 11.508 | 14.050 | 17.158 | 20.117 | 18.408 | 17.283 | 17.458 | 17.492 | 17.767 | 18.267 | 18.050 | 17.875 | 17.808 | 17.575 | 16.367 | 14.950 | 13.933 | 14.192 | 14.375 | 14.550 | 14.867 | 14.617 | 14.550 | 14.700 | 15.250 | 16.717 | 17.967 | 18.400 | 18.825 | 20.683 | 23.167 | 24.742 | 24.467 | 24.608 | 26.442 | 26.900 | 27.042 | 27.208 | 27.083 | 27.483 | 28.358 | 29.208 | 29.650 | 30.192 | 30.458 | 30.925 | 31.600 | 32.092 | 32.608 | 33.708 | 34.583 | 36.075 | 38.308 | 41.150 | 43.533 | 45.450 | 48.342 | 53.542 | 57.608 | 60.992 | 64.167 | 67.850 | 73.725 | 82.050 | 90.125 | 95.333 | 99.833 | 104.833 | 108.708 | 112.275 | 117.950 | 123.683 | 130.558 | 138.542 | 144.800 | 150.025 | 154.508 | 158.183 | 162.158 | 166.925 | 170.817 | 173.608 | 176.983 | 182.483 | 187.133 | 191.900 | 197.792 | 204.767 | 212.708 | 220.742 | 226.940 | 235.782 | 236.825 | 240.864 | 247.718 | 252.588 | 256.833 | 260.230 | 260.558 | 263.365 | 268.520 | 273.641 | 278.164 | 282.920 | 292.303 | 310.141 | 321.998 | 333.808 |