According to the U.S. Bureau of Labor Statistics, prices in Phoenix, Arizona were 17.65% higher in 2019 versus 2011 (a $61.76 difference in value).
Between 2011 and 2019: Phoenix experienced an average inflation rate of 2.05% per year. This rate of change indicates significant inflation. In other words, $350 in Phoenix in the year 2011 would cost $411.76 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 1.61% during this same period, inflation in Phoenix was higher.
In the year 2011: Pricing changed by 2.75%, which is above the average yearly change in Phoenix during the 2011-2019 time period. Compared to inflation for all items in 2011 (3.16%), inflation in Phoenix was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Phoenix, Arizona:
Below are calculations of equivalent buying power in Phoenix, over time, for $350 beginning in 2011. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|