Phoenix price history from 2008 through 2020

Inflation in Arizona

Prices in Phoenix, 2008-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices in Phoenix, Arizona were 22.19% higher in 2020 versus 2008 (a $4.44 difference in value).

Between 2008 and 2020: Phoenix experienced an average inflation rate of 1.68% per year. In other words, $20 in Phoenix in the year 2008 would cost $24.44 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.55% during this same period, inflation in Phoenix was higher.

In the year 2008: Pricing changed by 3.45%, which is above the average yearly change in Phoenix during the 2008-2020 time period. Compared to inflation for all items in 2008 (3.84%), inflation in Phoenix was lower.

Price Inflation in Phoenix, Arizona since 2002

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 2018 (4.16%), 2008 (3.45%), and 2007 (3.39%).

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
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

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Buying power of $20 since 2008

Below are calculations of equivalent buying power in Phoenix, over time, for $20 beginning in 2008. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2008	$20.00	3.45%
2009	$19.72	-1.42%
2010	$19.83	0.56%
2011	$20.37	2.75%
2012	$20.83	2.23%
2013	$21.09	1.28%
2014	$21.44	1.62%
2015	$21.47	0.15%
2016	$21.82	1.63%
2017	$22.36	2.47%
2018	$23.29	4.16%
2019	$23.97	2.91%
2020	$24.44	1.96%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for Phoenix, 2008-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 2008 * 2008 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Phoenix, Arizona was 119.264 in the year 2008 and 145.724 in 2020:

145.724 / 119.264 * $20 = $24.44

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2008 has the same "purchasing power" as $24.44 in 2020 (in the CPI category of Phoenix, Arizona).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Phoenix, Arizona in 2002. In addition to Phoenix, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.