New York prices: $20 in 2010 $26.74 in 2023

Inflation in New York

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Prices in New York, 2010-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices in New York were 33.68% higher in 2023 versus 2010 (a $6.74 difference in value).

Between 2010 and 2023: New York experienced an average inflation rate of 2.26% per year. This rate of change indicates significant inflation. In other words, $20 in New York in the year 2010 would cost $26.74 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.61% during this same period, inflation in New York was lower.

In the year 2010: Pricing changed by 1.71%, which is below the average yearly change in New York during the 2010-2023 time period. Compared to inflation for all items in 2010 (1.64%), inflation in New York was higher.

Price Inflation in New York since 1914

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1919 (22.12%), 1918 (22.09%), and 1920 (17.24%).

View price changes for other categories
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Buying power of $20.00 since 2010

Below are calculations of equivalent buying power in New York, over time, for $20 beginning in 2010. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2010$20.001.71%
2011$20.572.85%
2012$20.971.97%
2013$21.331.68%
2014$21.611.32%
2015$21.640.13%
2016$21.871.08%
2017$22.301.96%
2018$22.721.91%
2019$23.101.65%
2020$23.491.71%
2021$24.273.32%
2022$25.756.10%
2023$26.743.82%
2024$27.472.75%*

* 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:

Year191419151916191719181919192019211922192319241925192619271928192919301931193219331934193519361937193819391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI9.9009.91710.20011.50814.05017.15820.11718.40817.28317.45817.49217.76718.26718.05017.87517.80817.57516.36714.95013.93314.19214.37514.55014.86714.61714.55014.70015.25016.71717.96718.40018.82520.68323.16724.74224.46724.60826.44226.90027.04227.20827.08327.48328.35829.20829.65030.19230.45830.92531.60032.09232.60833.70834.58336.07538.30841.15043.53345.45048.34253.54257.60860.99264.16767.85073.72582.05090.12595.33399.833104.833108.708112.275117.950123.683130.558138.542144.800150.025154.508158.183162.158166.925170.817173.608176.983182.483187.133191.900197.792204.767212.708220.742226.940235.782236.825240.864247.718252.588256.833260.230260.558263.365268.520273.641278.164282.920292.303310.141321.998330.854

Adjust New York prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2010 * 2010 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for New York was 240.864 in the year 2010 and 321.998 in 2023:

321.998 / 240.864 * $20 = $26.74

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2010 has the same "purchasing power" as $26.74 in 2023 (in the CPI category of New York).


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

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