Philadelphia, Pennsylvania prices: $96 in 1923 $1,559.15 in 2022

Inflation in Pennsylvania

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Prices in Philadelphia, 1923-2022 ($96)

According to the U.S. Bureau of Labor Statistics, prices in Philadelphia, Pennsylvania are 1,524.11% higher in 2022 versus 1923 (a $1,463.15 difference in value).

Between 1923 and 2022: Philadelphia experienced an average inflation rate of 2.86% per year. This rate of change indicates significant inflation. In other words, $96 in Philadelphia in the year 1923 would cost $1,559.15 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.90% during this same period, inflation in Philadelphia was lower.

In the year 1923: Pricing changed by 1.59%, which is below the average yearly change in Philadelphia during the 1923-2022 time period. Compared to inflation for all items in 1923 (1.79%), inflation in Philadelphia was lower.

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 $96.00 since 1923

Below are calculations of equivalent buying power in Philadelphia, over time, for $96 beginning in 1923. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1923$96.001.59%
1924$96.820.86%
1925$100.013.30%
1926$103.073.06%
1927$101.61-1.42%
1928$99.37-2.20%
1929$97.46-1.93%
1930$96.36-1.12%
1931$88.79-7.86%
1932$79.90-10.02%
1933$73.20-8.39%
1934$76.714.80%
1935$77.891.55%
1936$79.401.93%
1937$81.312.41%
1938$79.63-2.08%
1939$78.35-1.60%
1940$78.440.12%
1941$82.324.94%
1942$91.5811.25%
1943$97.416.37%
1944$98.741.36%
1945$101.382.68%
1946$110.058.55%
1947$125.9214.42%
1948$135.907.93%
1949$134.31-1.17%
1950$135.130.61%
1951$147.639.25%
1952$150.451.92%
1953$151.180.48%
1954$152.731.03%
1955$152.41-0.21%
1956$154.511.38%
1957$159.483.22%
1958$162.631.97%
1959$164.451.12%
1960$167.371.77%
1961$169.241.12%
1962$170.750.89%
1963$173.801.79%
1964$176.541.57%
1965$179.281.55%
1966$184.432.87%
1967$189.452.72%
1968$198.524.79%
1969$209.065.31%
1970$223.106.72%
1971$234.004.89%
1972$240.482.77%
1973$256.676.73%
1974$287.1311.87%
1975$311.038.32%
1976$326.404.94%
1977$347.706.53%
1978$367.995.84%
1979$404.579.94%
1980$457.3813.05%
1981$503.9410.18%
1982$528.434.86%
1983$543.852.92%
1984$569.394.70%
1985$595.254.54%
1986$610.022.48%
1987$639.264.79%
1988$669.864.79%
1989$702.154.82%
1990$743.425.88%
1991$778.124.67%
1992$802.203.09%
1993$822.182.49%
1994$846.302.93%
1995$868.472.62%
1996$891.182.62%
1997$910.932.22%
1998$920.051.00%
1999$939.712.14%
2000$964.832.67%
2001$991.562.77%
2002$1,010.711.93%
2003$1,032.562.16%
2004$1,073.473.96%
2005$1,116.113.97%
2006$1,159.073.85%
2007$1,184.482.19%
2008$1,226.813.57%
2009$1,220.48-0.52%
2010$1,245.482.05%
2011$1,278.132.62%
2012$1,302.081.87%
2013$1,317.711.20%
2014$1,335.271.33%
2015$1,334.12-0.09%
2016$1,341.920.59%
2017$1,359.001.27%
2018$1,377.121.33%
2019$1,403.261.90%
2020$1,416.120.92%
2021$1,471.503.91%
2022$1,559.155.96%*
* 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 1923 * 1923 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Philadelphia, Pennsylvania was 17.542 in the year 1923 and 284.896 in 2022:

284.896 / 17.542 * $96 = $1,559.15

Therefore, according to U.S. Bureau of Labor Statistics, $96 in 1923 has the same "purchasing power" as $1,559.15 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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