Philadelphia, Pennsylvania prices: $1,084,939,099 in 2012 $1,321,910,519.03 in 2022

Inflation in Pennsylvania


Prices in Philadelphia, 2012-2022 ($1,084,939,099)

According to the U.S. Bureau of Labor Statistics, prices in Philadelphia, Pennsylvania are 21.84% higher in 2022 versus 2012 (a $236,971,420.03 difference in value).

Between 2012 and 2022: Philadelphia experienced an average inflation rate of 2% per year. In other words, $1,084,939,099 in Philadelphia in the year 2012 would cost $1,321,910,519.03 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.46% during this same period, inflation in Philadelphia was lower.

In the year 2012: Pricing changed by 1.87%, which is below the average yearly change in Philadelphia during the 2012-2022 time period. Compared to inflation for all items in 2012 (2.07%), 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%).

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Buying power of $1,084,939,099.00 since 2012

Below are calculations of equivalent buying power in Philadelphia, over time, for $1,084,939,099 beginning in 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate

* 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:


Adjust Philadelphia prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2012 * 2012 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Philadelphia, Pennsylvania was 237.923 in the year 2012 and 289.890 in 2022:

289.890 / 237.923 * $1,084,939,099 = $1,321,910,519.03

Therefore, according to U.S. Bureau of Labor Statistics, $1,084,939,099 in 2012 has the same "purchasing power" as $1,321,910,519.03 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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