Philadelphia, Pennsylvania prices: $45 in 1919 $741.38 in 2022

Inflation in Pennsylvania

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Prices in Philadelphia, 1919-2022 ($45)

According to the U.S. Bureau of Labor Statistics, prices in Philadelphia, Pennsylvania are 1,547.50% higher in 2022 versus 1919 (a $696.38 difference in value).

Between 1919 and 2022: Philadelphia experienced an average inflation rate of 2.76% per year. This rate of change indicates significant inflation. In other words, $45 in Philadelphia in the year 1919 would cost $741.38 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.77% during this same period, inflation in Philadelphia was lower.

In the year 1919: Pricing changed by 21.56%, which is significantly above the average yearly change in Philadelphia during the 1919-2022 time period. Compared to inflation for all items in 1919 (15.18%), inflation in Philadelphia was much higher.

Price Inflation in Philadelphia, Pennsylvania since 1914

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1919 (21.56%), 1918 (21.45%), and 1920 (16.49%).

View price changes for other categories
Electricity · Dental services · Educational books and supplies · Women's apparel · More

Buying power of $45.00 since 1919

Below are calculations of equivalent buying power in Philadelphia, over time, for $45 beginning in 1919. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1919$45.0021.56%
1920$52.4216.49%
1921$48.05-8.33%
1922$44.57-7.25%
1923$45.281.59%
1924$45.670.86%
1925$47.173.30%
1926$48.613.06%
1927$47.93-1.42%
1928$46.87-2.20%
1929$45.97-1.93%
1930$45.45-1.12%
1931$41.88-7.86%
1932$37.69-10.02%
1933$34.52-8.39%
1934$36.184.80%
1935$36.741.55%
1936$37.451.93%
1937$38.352.41%
1938$37.56-2.08%
1939$36.96-1.60%
1940$37.000.12%
1941$38.834.94%
1942$43.1911.25%
1943$45.956.37%
1944$46.571.36%
1945$47.822.68%
1946$51.908.55%
1947$59.3914.42%
1948$64.107.93%
1949$63.35-1.17%
1950$63.740.61%
1951$69.639.25%
1952$70.961.92%
1953$71.310.48%
1954$72.041.03%
1955$71.89-0.21%
1956$72.881.38%
1957$75.223.22%
1958$76.711.97%
1959$77.571.12%
1960$78.941.77%
1961$79.831.12%
1962$80.540.89%
1963$81.981.79%
1964$83.271.57%
1965$84.561.55%
1966$86.992.87%
1967$89.352.72%
1968$93.644.79%
1969$98.605.31%
1970$105.236.72%
1971$110.374.89%
1972$113.422.77%
1973$121.066.73%
1974$135.4311.87%
1975$146.708.32%
1976$153.954.94%
1977$164.006.53%
1978$173.575.84%
1979$190.829.94%
1980$215.7313.05%
1981$237.6910.18%
1982$249.244.86%
1983$256.512.92%
1984$268.564.70%
1985$280.764.54%
1986$287.722.48%
1987$301.514.79%
1988$315.954.79%
1989$331.184.82%
1990$350.645.88%
1991$367.014.67%
1992$378.373.09%
1993$387.792.49%
1994$399.172.93%
1995$409.622.62%
1996$420.342.62%
1997$429.652.22%
1998$433.951.00%
1999$443.222.14%
2000$455.082.67%
2001$467.682.77%
2002$476.721.93%
2003$487.022.16%
2004$506.313.96%
2005$526.433.97%
2006$546.693.85%
2007$558.682.19%
2008$578.643.57%
2009$575.65-0.52%
2010$587.452.05%
2011$602.852.62%
2012$614.141.87%
2013$621.521.20%
2014$629.801.33%
2015$629.25-0.09%
2016$632.940.59%
2017$640.991.27%
2018$649.541.33%
2019$661.871.90%
2020$667.930.92%
2021$694.053.91%
2022$741.386.82%*

* 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 Philadelphia, Pennsylvania:

Year1914191519161917191819191920192119221923192419251926192719281929193019311932193319341935193619371938193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI10.20010.20810.40811.80814.34217.43320.30818.61717.26717.54217.69218.27518.83318.56718.15817.80817.60816.22514.60013.37514.01714.23314.50814.85814.55014.31714.33315.04216.73317.80018.04218.52520.10823.00824.83324.54224.69226.97527.49227.62527.90827.85028.23329.14229.71730.05030.58330.92531.20031.75832.25832.75833.70034.61736.27538.20040.76742.75843.94246.90052.46756.83359.64263.53367.24273.92583.57592.08396.55899.375104.042108.767111.467116.808122.400128.300135.842142.183146.583150.233154.642158.692162.842166.450168.117171.708176.300181.183184.683188.675196.150203.942211.792216.435224.170223.013227.581233.547237.923240.780243.987243.778245.204248.325251.635256.411258.761268.882287.214

Adjust Philadelphia prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1919 * 1919 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Philadelphia, Pennsylvania was 17.433 in the year 1919 and 287.214 in 2022:

287.214 / 17.433 * $45 = $741.38

Therefore, according to U.S. Bureau of Labor Statistics, $45 in 1919 has the same "purchasing power" as $741.38 in 2022 (in the CPI category of Philadelphia, Pennsylvania).


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

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