According to the U.S. Bureau of Labor Statistics, prices in Phoenix, Arizona are 7.08% higher in 2021 versus 2019 (a $0.07 difference in value).
Between 2019 and 2021: Phoenix experienced an average inflation rate of 3.48% per year. This rate of change indicates significant inflation. In other words, $1 in Phoenix in the year 2019 would cost $1.07 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.95% during this same period, inflation in Phoenix was higher.
In the year 2019: Pricing changed by 2.91%, which is below the average yearly change in Phoenix during the 2019-2021 time period. Compared to inflation for all items in 2019 (1.81%), inflation in Phoenix was higher.
Below are calculations of equivalent buying power in Phoenix, over time, for $1 beginning in 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Phoenix, Arizona: