According to the U.S. Bureau of Labor Statistics, prices in Phoenix, Arizona were 17.33% higher in 2020 versus 2012 (a $188,051,917.39 difference in value).
Between 2012 and 2020: Phoenix experienced an average inflation rate of 2.02% per year. This rate of change indicates significant inflation. In other words, $1,084,939,099 in Phoenix in the year 2012 would cost $1,272,991,016.39 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.51% during this same period, inflation in Phoenix was higher.
In the year 2012: Pricing changed by 2.23%, which is above the average yearly change in Phoenix during the 2012-2020 time period. Compared to inflation for all items in 2012 (2.07%), inflation in Phoenix was higher.
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 $1084939099 beginning in 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|