Phoenix, Arizona prices: $1,000 in 2018 $1,101.94 in 2021

Inflation in Arizona

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Prices in Phoenix, 2018-2021 ($1,000)

According to the U.S. Bureau of Labor Statistics, prices in Phoenix, Arizona are 10.19% higher in 2021 versus 2018 (a $101.94 difference in value).

Between 2018 and 2021: Phoenix experienced an average inflation rate of 3.29% per year. This rate of change indicates significant inflation. In other words, $1,000 in Phoenix in the year 2018 would cost $1,101.94 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.57% during this same period, inflation in Phoenix was higher.

In the year 2018: Pricing changed by 4.16%, which is above the average yearly change in Phoenix during the 2018-2021 time period. Compared to inflation for all items in 2018 (2.44%), inflation in Phoenix was higher.

Price Inflation in Phoenix, Arizona since 2002

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2021 (5.01%), 2018 (4.16%), and 2008 (3.45%).

View price changes for other categories
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Buying power of $1,000.00 since 2018

Below are calculations of equivalent buying power in Phoenix, over time, for $1,000 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2018$1,000.004.16%
2019$1,029.132.91%
2020$1,049.321.96%
2021$1,101.945.01%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Phoenix, Arizona:

Year20022003200420052006200720082009201020112012201320142015201620172018201920202021
CPI101.200103.300105.200108.300111.500115.284119.264117.568118.227121.483124.197125.782127.823128.019130.107133.324138.875142.920145.724153.032

Adjust Phoenix prices for inflation

Start with the inflation rate formula:

CPI in 2021 / CPI in 2018 * 2018 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Phoenix, Arizona was 138.875 in the year 2018 and 153.032 in 2021:

153.032 / 138.875 * $1,000 = $1,101.94

Therefore, according to U.S. Bureau of Labor Statistics, $1,000 in 2018 has the same "purchasing power" as $1,101.94 in 2021 (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.

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