Boston, Massachusetts prices: $1 in 2020 $1.09 in 2022

Inflation in Massachusetts


Prices in Boston, 2020-2022 ($1)

According to the U.S. Bureau of Labor Statistics, prices in Boston, Massachusetts are 9.27% higher in 2022 versus 2020 (a $0.09 difference in value).

Between 2020 and 2022: Boston experienced an average inflation rate of 4.53% per year. This rate of change indicates significant inflation. In other words, $1 in Boston in the year 2020 would cost $1.09 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 5.76% during this same period, inflation in Boston was lower.

In the year 2020: Pricing changed by 1.08%, which is significantly below the average yearly change in Boston during the 2020-2022 time period. Compared to inflation for all items in 2020 (1.23%), inflation in Boston was lower.

Price Inflation in Boston, Massachusetts since 1914

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1919 (21.27%), 1918 (17.79%), and 1920 (17.25%).

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Buying power of $1.00 since 2020

Below are calculations of equivalent buying power in Boston, over time, for $1 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
* Not final. See inflation summary for latest details.

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


Adjust Boston prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2020 * 2020 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Boston, Massachusetts was 284.089 in the year 2020 and 310.412 in 2022:

310.412 / 284.089 * $1 = $1.09

Therefore, according to U.S. Bureau of Labor Statistics, $1 in 2020 has the same "purchasing power" as $1.09 in 2022 (in the CPI category of Boston, Massachusetts).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Boston, Massachusetts in 1914. In addition to Boston, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.