Philadelphia, Pennsylvania prices: $20 in 2019 $24.44 in 2024

Inflation in Pennsylvania

$

Prices in Philadelphia, 2019-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices in Philadelphia, Pennsylvania are 22.20% higher in 2024 versus 2019 (a $4.44 difference in value).

Between 2019 and 2024: Philadelphia experienced an average inflation rate of 4.09% per year. This rate of change indicates significant inflation. In other words, $20 in Philadelphia in the year 2019 would cost $24.44 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.15% during this same period, inflation in Philadelphia was lower.

In the year 2019: Pricing changed by 1.90%, which is below the average yearly change in Philadelphia during the 2019-2024 time period. Compared to inflation for all items in 2019 (1.81%), 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
College tuition and fees · Food · Medical care · Admission to sporting events · More

Buying power of $20.00 since 2019

Below are calculations of equivalent buying power in Philadelphia, over time, for $20 beginning in 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2019$20.001.90%
2020$20.180.92%
2021$20.973.91%
2022$22.617.81%
2023$23.644.53%
2024$24.443.40%*

* 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:

Year191419151916191719181919192019211922192319241925192619271928192919301931193219331934193519361937193819391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI10.20010.20810.40811.80814.34217.43320.30818.61717.26717.54217.69218.27518.83318.56718.15817.80817.60816.22514.60013.37514.01714.23314.50814.85814.55014.31714.33315.04216.73317.80018.04218.52520.10823.00824.83324.54224.69226.97527.49227.62527.90827.85028.23329.14229.71730.05030.58330.92531.20031.75832.25832.75833.70034.61736.27538.20040.76742.75843.94246.90052.46756.83359.64263.53367.24273.92583.57592.08396.55899.375104.042108.767111.467116.808122.400128.300135.842142.183146.583150.233154.642158.692162.842166.450168.117171.708176.300181.183184.683188.675196.150203.942211.792216.435224.170223.013227.581233.547237.923240.780243.987243.778245.204248.325251.635256.411258.761268.882289.890303.034313.325

Adjust Philadelphia prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2019 * 2019 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Philadelphia, Pennsylvania was 256.411 in the year 2019 and 313.325 in 2024:

313.325 / 256.411 * $20 = $24.44

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2019 has the same "purchasing power" as $24.44 in 2024 (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.

» Read more about inflation and investment.