New York prices: $20 in 2014 $21.38 in 2019

Inflation in New York

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Prices in New York, 2014-2019 ($20)

According to the U.S. Bureau of Labor Statistics, prices in New York were 6.89% higher in 2019 versus 2014 (a $1.38 difference in value).

Between 2014 and 2019: New York experienced an average inflation rate of 1.34% per year. In other words, $20 in New York in the year 2014 would cost $21.38 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 1.55% during this same period, inflation in New York was lower.

In the year 2014: Pricing changed by 1.32%, which is below the average yearly change in New York during the 2014-2019 time period. Compared to inflation for all items in 2014 (1.62%), 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%).

View price changes for other categories
Wireless telephone services · Rent of primary residence · Public transportation · Women's apparel · More

Buying power of $20.00 since 2014

Below are calculations of equivalent buying power in New York, over time, for $20 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2014$20.001.32%
2015$20.030.13%
2016$20.241.08%
2017$20.641.96%
2018$21.031.91%
2019$21.381.65%
2020$21.741.71%
2021$22.463.32%
2022$23.846.10%
2023$24.753.82%
2024$25.272.12%*

* 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
CPI9.9009.91710.20011.50814.05017.15820.11718.40817.28317.45817.49217.76718.26718.05017.87517.80817.57516.36714.95013.93314.19214.37514.55014.86714.61714.55014.70015.25016.71717.96718.40018.82520.68323.16724.74224.46724.60826.44226.90027.04227.20827.08327.48328.35829.20829.65030.19230.45830.92531.60032.09232.60833.70834.58336.07538.30841.15043.53345.45048.34253.54257.60860.99264.16767.85073.72582.05090.12595.33399.833104.833108.708112.275117.950123.683130.558138.542144.800150.025154.508158.183162.158166.925170.817173.608176.983182.483187.133191.900197.792204.767212.708220.742226.940235.782236.825240.864247.718252.588256.833260.230260.558263.365268.520273.641278.164282.920292.303310.141321.998328.814

Adjust New York prices for inflation

Start with the inflation rate formula:

CPI in 2019 / CPI in 2014 * 2014 USD value = 2019 USD value

Then plug in historical CPI values from above. The CPI for New York was 260.230 in the year 2014 and 278.164 in 2019:

278.164 / 260.230 * $20 = $21.38

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2014 has the same "purchasing power" as $21.38 in 2019 (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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