$46,890 in 2020 is worth $46,318.55 in 2019

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Value of $46,890 from 2020 to 2019

$46,890 in 2020 is equivalent in purchasing power to about $46,318.55 in 2019. The dollar had an average inflation rate of 1.23% per year between 2019 and 2020, producing a cumulative price increase of -1.22%.

This means that prices in 2019 are 1.22% lower than average prices since 2020, according to the Bureau of Labor Statistics consumer price index.

The inflation rate in 2019 was 1.76%. The inflation rate in 2020 was 1.23%. The 2020 inflation rate is lower compared to the average inflation rate of 5.69% per year between 2020 and 2022.


Inflation from 2020 to 2019
Average inflation rate 1.23%
Converted amount ($46,890 base) $46,318.55
Price difference ($46,890 base) $-571.45
CPI in 2020 258.812
CPI in 2019 255.658
Inflation in 2019 1.76%
Inflation in 2020 1.23%
$46,890 in 2020 $46,318.55 in 2019

Recent USD inflation
Annual Rate, the Bureau of Labor Statistics CPI
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Inflation by City

Inflation can vary widely by city, even within the United States. Here's how some cities fared in 2020 to 2019 (figures shown are purchasing power equivalents of $46,890):

San Diego, California experienced the highest rate of inflation during the 1 years between 2019 and 2020 (2.85%).

Houston, Texas experienced the lowest rate of inflation during the 1 years between 2019 and 2020 (0.10%).

Note that some locations showing 0% inflation may have not yet reported latest data.


Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £46,890.00 in 2020 would be equivalent to £46,060.90 in 2019, an absolute change of £-829.10 and a cumulative change of -1.77%.

In Canada, CA$46,890.00 in 2020 would be equivalent to CA$46,556.19 in 2019, an absolute change of CA$-333.81 and a cumulative change of -0.71%.

Compare these numbers to the US's overall absolute change of $-571.45 and total percent change of -1.22%.


Inflation by Spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. Breaking down these categories helps explain the main drivers behind price changes.

Between 2019 and 2020:

This chart shows the average rate of inflation for select CPI categories between 2020 and 2019.

Compare these values to the overall average of 1.23% per year:

Category Avg Inflation (%) Total Inflation (%) $46,890 in 2019 → 2020
Food and beverages 3.34 3.34 48,453.98
Housing 2.19 2.19 47,917.90
Apparel -4.81 -4.81 44,632.28
Transportation -4.16 -4.16 44,940.46
Medical care 4.11 4.11 48,815.06
Recreation 1.35 1.35 47,523.85
Education and communication 1.82 1.82 47,744.26
Other goods and services 2.46 2.46 48,045.31

For all these visualizations, it's important to note that not all categories may have been tracked since 2020. This table and charts use the earliest available data for each category.



How to calculate inflation rate for $46,890, 2019 to 2020

Our calculations use the following inflation rate formula to calculate the change in value between 2019 and 2020:

CPI in 2019 CPI in 2020
×
2020 USD value
=
2019 USD value

Then plug in historical CPI values. The U.S. CPI was 258.81166666667 in the year 2020 and 255.6575 in 2019:

255.6575258.81166666667
×
$46,890
=
$46,318.55

$46,890 in 2020 has the same "purchasing power" or "buying power" as $46,318.55 in 2019.

To get the total inflation rate for the 1 years between 2019 and 2020, we use the following formula:

CPI in 2019 - CPI in 2020CPI in 2020
×
100
=
Cumulative inflation rate (1 years)

Plugging in the values to this equation, we get:

255.6575 - 258.81166666667258.81166666667
×
100
=
-1%

Alternate Measurements of Inflation

The above data describe the CPI for all items. Also of note is the Core CPI, which measures inflation for all items except for the more volatile categories of food and energy. Core inflation averaged 1.70% per year between 2020 and 2019 (vs all-CPI inflation of 1.23%), for an inflation total of 1.70%.

When using the core inflation measurement, $46,890 in 2020 is equivalent in buying power to $47,688.45 in 2019, a difference of $798.45. Recall that for All Items, the converted amount is $46,318.55 with a difference of $-571.45.

In 2020, core inflation was 2.19%.

Chained CPI is an alternative measurement that takes into account how consumers adjust spending for similar items. Chained inflation averaged 1.07% per year between 2020 and 2019, a total inflation amount of 1.07%.

According to the Chained CPI measurement, $46,890 in 2020 is equal in buying power to $47,393.64 in 2019, a difference of $503.64 (versus a converted amount of $46,318.55/change of $-571.45 for All Items).

In 2020, chained inflation was 1.45%.


Data source & citation

Raw data for these calculations comes from the Bureau of Labor Statistics' (CPI), established in 1913. Inflation data from 1634 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University and from the American Antiquarian Society.

You may use the following MLA citation for this page: “$46,890 in 2020 → 2019 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 28 May. 2022, https://www.officialdata.org/us/inflation/2020?amount=46890&endYear=2019.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Inflation from 2020 to 2019
Average inflation rate 1.23%
Converted amount ($46,890 base) $46,318.55
Price difference ($46,890 base) $-571.45
CPI in 2020 258.812
CPI in 2019 255.658
Inflation in 2019 1.76%
Inflation in 2020 1.23%
$46,890 in 2020 $46,318.55 in 2019