According to the U.S. Bureau of Labor Statistics, prices in Phoenix, Arizona are 69.42% higher in 2024 versus 2005 (a $20,825,761,772.85 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, $30,000,000,000 in Phoenix in the year 2005 would cost $50,825,761,772.85 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 $30,000,000,000 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 | $30,000,000,000.00 | 2.95% |
| 2006 | $30,886,426,592.80 | 2.95% |
| 2007 | $31,934,626,038.78 | 3.39% |
| 2008 | $33,037,119,113.57 | 3.45% |
| 2009 | $32,567,313,019.39 | -1.42% |
| 2010 | $32,749,861,495.84 | 0.56% |
| 2011 | $33,651,800,554.02 | 2.75% |
| 2012 | $34,403,601,108.03 | 2.23% |
| 2013 | $34,842,659,279.78 | 1.28% |
| 2014 | $35,408,033,241.00 | 1.62% |
| 2015 | $35,462,326,869.81 | 0.15% |
| 2016 | $36,040,720,221.61 | 1.63% |
| 2017 | $36,931,855,955.68 | 2.47% |
| 2018 | $38,469,529,085.87 | 4.16% |
| 2019 | $39,590,027,700.83 | 2.91% |
| 2020 | $40,366,759,002.77 | 1.96% |
| 2021 | $42,391,135,734.07 | 5.01% |
| 2022 | $47,272,022,160.66 | 11.51% |
| 2023 | $49,722,160,664.82 | 5.18% |
| 2024 | $50,825,761,772.85 | 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 |