Philadelphia, Pennsylvania prices: $870 in 1920 $12,204.83 in 2022

Inflation in Pennsylvania

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Prices in Philadelphia, 1920-2022 ($870)

According to the U.S. Bureau of Labor Statistics, prices in Philadelphia, Pennsylvania are 1,302.85% higher in 2022 versus 1920 (a $11,334.83 difference in value).

Between 1920 and 2022: Philadelphia experienced an average inflation rate of 2.62% per year. This rate of change indicates significant inflation. In other words, $870 in Philadelphia in the year 1920 would cost $12,204.83 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.65% during this same period, inflation in Philadelphia was lower.

In the year 1920: Pricing changed by 16.49%, which is significantly above the average yearly change in Philadelphia during the 1920-2022 time period. Compared to inflation for all items in 1920 (15.62%), inflation in Philadelphia was 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
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Buying power of $870.00 since 1920

Below are calculations of equivalent buying power in Philadelphia, over time, for $870 beginning in 1920. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1920$870.0016.49%
1921$797.53-8.33%
1922$739.70-7.25%
1923$751.481.59%
1924$757.900.86%
1925$782.893.30%
1926$806.813.06%
1927$795.39-1.42%
1928$777.89-2.20%
1929$762.90-1.93%
1930$754.33-1.12%
1931$695.07-7.86%
1932$625.46-10.02%
1933$572.98-8.39%
1934$600.474.80%
1935$609.751.55%
1936$621.531.93%
1937$636.522.41%
1938$623.32-2.08%
1939$613.32-1.60%
1940$614.030.12%
1941$644.384.94%
1942$716.8511.25%
1943$762.546.37%
1944$772.901.36%
1945$793.602.68%
1946$861.438.55%
1947$985.6714.42%
1948$1,063.857.93%
1949$1,051.35-1.17%
1950$1,057.780.61%
1951$1,155.609.25%
1952$1,177.731.92%
1953$1,183.440.48%
1954$1,195.581.03%
1955$1,193.08-0.21%
1956$1,209.501.38%
1957$1,248.423.22%
1958$1,273.051.97%
1959$1,287.331.12%
1960$1,310.181.77%
1961$1,324.811.12%
1962$1,336.590.89%
1963$1,360.511.79%
1964$1,381.931.57%
1965$1,403.351.55%
1966$1,443.692.87%
1967$1,482.962.72%
1968$1,554.004.79%
1969$1,636.475.31%
1970$1,746.436.72%
1971$1,831.754.89%
1972$1,882.442.77%
1973$2,009.186.73%
1974$2,247.6511.87%
1975$2,434.718.32%
1976$2,555.024.94%
1977$2,721.746.53%
1978$2,880.605.84%
1979$3,166.919.94%
1980$3,580.3213.05%
1981$3,944.8110.18%
1982$4,136.524.86%
1983$4,257.182.92%
1984$4,457.104.70%
1985$4,659.524.54%
1986$4,775.182.48%
1987$5,004.024.79%
1988$5,243.564.79%
1989$5,496.324.82%
1990$5,819.405.88%
1991$6,091.074.67%
1992$6,279.573.09%
1993$6,435.932.49%
1994$6,624.782.93%
1995$6,798.282.62%
1996$6,976.062.62%
1997$7,130.642.22%
1998$7,202.041.00%
1999$7,355.912.14%
2000$7,552.612.67%
2001$7,761.812.77%
2002$7,911.751.93%
2003$8,082.752.16%
2004$8,402.983.96%
2005$8,736.773.97%
2006$9,073.063.85%
2007$9,271.982.19%
2008$9,603.353.57%
2009$9,553.77-0.52%
2010$9,749.472.05%
2011$10,005.072.62%
2012$10,192.531.87%
2013$10,314.901.20%
2014$10,452.311.33%
2015$10,443.33-0.09%
2016$10,504.430.59%
2017$10,638.121.27%
2018$10,779.941.33%
2019$10,984.561.90%
2020$11,085.210.92%
2021$11,518.763.91%
2022$12,204.835.96%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Philadelphia, Pennsylvania:

Year1914191519161917191819191920192119221923192419251926192719281929193019311932193319341935193619371938193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI10.20010.20810.40811.80814.34217.43320.30818.61717.26717.54217.69218.27518.83318.56718.15817.80817.60816.22514.60013.37514.01714.23314.50814.85814.55014.31714.33315.04216.73317.80018.04218.52520.10823.00824.83324.54224.69226.97527.49227.62527.90827.85028.23329.14229.71730.05030.58330.92531.20031.75832.25832.75833.70034.61736.27538.20040.76742.75843.94246.90052.46756.83359.64263.53367.24273.92583.57592.08396.55899.375104.042108.767111.467116.808122.400128.300135.842142.183146.583150.233154.642158.692162.842166.450168.117171.708176.300181.183184.683188.675196.150203.942211.792216.435224.170223.013227.581233.547237.923240.780243.987243.778245.204248.325251.635256.411258.761268.882284.896

Adjust Philadelphia prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1920 * 1920 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Philadelphia, Pennsylvania was 20.308 in the year 1920 and 284.896 in 2022:

284.896 / 20.308 * $870 = $12,204.83

Therefore, according to U.S. Bureau of Labor Statistics, $870 in 1920 has the same "purchasing power" as $12,204.83 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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