New York prices: $20 in 2011 → $26.91 in 2024

Inflation in New York

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Prices in New York, 2011-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices in New York are 34.56% higher in 2024 versus 2011 (a $6.91 difference in value).

Between 2011 and 2024: New York experienced an average inflation rate of 2.31% per year. This rate of change indicates significant inflation. In other words, $20 in New York in the year 2011 would cost $26.91 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.58% during this same period, inflation in New York was lower.

In the year 2011: Pricing changed by 2.85%, which is above the average yearly change in New York during the 2011-2024 time period. Compared to inflation for all items in 2011 (3.16%), inflation in New York was lower.

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%).
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Buying power of $20.00 since 2011

Below are calculations of equivalent buying power in New York, over time, for $20 beginning in 2011. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2011$20.002.85%
2012$20.391.97%
2013$20.741.68%
2014$21.011.32%
2015$21.040.13%
2016$21.261.08%
2017$21.681.96%
2018$22.091.91%
2019$22.461.65%
2020$22.841.71%
2021$23.603.32%
2022$25.046.10%
2023$26.003.82%
2024$26.913.52%*

* 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
CPI9.9009.91710.20011.50814.05017.15820.11718.40817.28317.45817.49217.76718.26718.05017.87517.80817.57516.36714.95013.93314.19214.37514.55014.86714.61714.55014.70015.25016.71717.96718.40018.82520.68323.16724.74224.46724.60826.44226.90027.04227.20827.08327.48328.35829.20829.65030.19230.45830.92531.60032.09232.60833.70834.58336.07538.30841.15043.53345.45048.34253.54257.60860.99264.16767.85073.72582.05090.12595.33399.833104.833108.708112.275117.950123.683130.558138.542144.800150.025154.508158.183162.158166.925170.817173.608176.983182.483187.133191.900197.792204.767212.708220.742226.940235.782236.825240.864247.718252.588256.833260.230260.558263.365268.520273.641278.164282.920292.303310.141321.998333.336

Adjust New York prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2011 * 2011 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for New York was 247.718 in the year 2011 and 333.336 in 2024:

333.336 / 247.718 * $20 = $26.91

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2011 has the same "purchasing power" as $26.91 in 2024 (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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