According to the U.S. Bureau of Labor Statistics, prices in Tampa, Florida are 15.84% higher in 2021 versus 2016 (a $7,429.68 difference in value).
Between 2016 and 2021: Tampa experienced an average inflation rate of 2.99% per year. This rate of change indicates significant inflation. In other words, $46,890 in Tampa in the year 2016 would cost $54,319.68 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.46% during this same period, inflation in Tampa was higher.
In the year 2016: Pricing changed by 1.17%, which is below the average yearly change in Tampa during the 2016-2021 time period. Compared to inflation for all items in 2016 (1.26%), inflation in Tampa was lower.
Below are calculations of equivalent buying power in Tampa, over time, for $46,890 beginning in 2016. 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 Tampa, Florida: