According to the U.S. Bureau of Labor Statistics, prices in Phoenix, Arizona are 69.42% higher in 2024 versus 2005 (a $17,632,478,301.02 difference in value).
Between 2005 and 2024: Phoenix experienced an average inflation rate of 2.81% per year. This rate of change indicates significant inflation. In other words, $25,400,000,000 in Phoenix in the year 2005 would cost $43,032,478,301.02 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.53% during this same period, inflation in Phoenix was higher.
In the year 2005: Pricing changed by 2.95%, which is above the average yearly change in Phoenix during the 2005-2024 time period. Compared to inflation for all items in 2005 (3.39%), inflation in Phoenix was lower.
Below are calculations of equivalent buying power in Phoenix, over time, for $25,400,000,000 beginning in 2005. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2005 | $25,400,000,000.00 | 2.95% |
| 2006 | $26,150,507,848.57 | 2.95% |
| 2007 | $27,037,983,379.50 | 3.39% |
| 2008 | $27,971,427,516.16 | 3.45% |
| 2009 | $27,573,658,356.42 | -1.42% |
| 2010 | $27,728,216,066.48 | 0.56% |
| 2011 | $28,491,857,802.40 | 2.75% |
| 2012 | $29,128,382,271.47 | 2.23% |
| 2013 | $29,500,118,190.21 | 1.28% |
| 2014 | $29,978,801,477.38 | 1.62% |
| 2015 | $30,024,770,083.10 | 0.15% |
| 2016 | $30,514,476,454.29 | 1.63% |
| 2017 | $31,268,971,375.81 | 2.47% |
| 2018 | $32,570,867,959.37 | 4.16% |
| 2019 | $33,519,556,786.70 | 2.91% |
| 2020 | $34,177,189,289.01 | 1.96% |
| 2021 | $35,891,161,588.18 | 5.01% |
| 2022 | $40,023,645,429.36 | 11.51% |
| 2023 | $42,098,096,029.55 | 5.18% |
| 2024 | $43,032,478,301.02 | 2.22%* |
* 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 Phoenix, Arizona:
| Year | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| CPI | 101.200 | 103.300 | 105.200 | 108.300 | 111.500 | 115.284 | 119.264 | 117.568 | 118.227 | 121.483 | 124.197 | 125.782 | 127.823 | 128.019 | 130.107 | 133.324 | 138.875 | 142.920 | 145.724 | 153.032 | 170.652 | 179.497 | 183.481 |