According to the U.S. Bureau of Labor Statistics, prices in Phoenix, Arizona were 15.85% higher in 2020 versus 2013 (a $0.16 difference in value).
Between 2013 and 2020: Phoenix experienced an average inflation rate of 2.12% per year. This rate of change indicates significant inflation. In other words, $1 in Phoenix in the year 2013 would cost $1.16 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 2013: Pricing changed by 1.28%, which is below the average yearly change in Phoenix during the 2013-2020 time period. Compared to inflation for all items in 2013 (1.46%), 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 $1 beginning in 2013. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|