According to the U.S. Bureau of Labor Statistics, prices in Denver, Colorado are 116.57% higher in 2023 versus 1995 (a $24,478,701.83 difference in value).
Between 1995 and 2023: Denver experienced an average inflation rate of 2.80% per year. This rate of change indicates significant inflation. In other words, $21,000,000 in Denver in the year 1995 would cost $45,478,701.83 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, inflation in Denver was higher.
In the year 1995: Pricing changed by 4.30%, which is above the average yearly change in Denver during the 1995-2023 time period. Compared to inflation for all items in 1995 (2.81%), inflation in Denver was higher.
Below are calculations of equivalent buying power in Denver, over time, for $21,000,000 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1995 | $21,000,000.00 | 4.30% |
1996 | $21,738,336.71 | 3.52% |
1997 | $22,448,275.86 | 3.27% |
1998 | $22,987,829.61 | 2.40% |
1999 | $23,655,172.41 | 2.90% |
2000 | $24,592,292.09 | 3.96% |
2001 | $25,742,393.51 | 4.68% |
2002 | $26,239,350.91 | 1.93% |
2003 | $26,523,326.57 | 1.08% |
2004 | $26,551,724.14 | 0.11% |
2005 | $27,105,476.67 | 2.09% |
2006 | $28,070,993.91 | 3.56% |
2007 | $28,685,659.23 | 2.19% |
2008 | $29,803,671.40 | 3.90% |
2009 | $29,611,277.89 | -0.65% |
2010 | $30,164,888.44 | 1.87% |
2011 | $31,278,215.01 | 3.69% |
2012 | $31,885,922.92 | 1.94% |
2013 | $32,769,513.18 | 2.77% |
2014 | $33,679,513.18 | 2.78% |
2015 | $34,075,659.23 | 1.18% |
2016 | $35,020,304.26 | 2.77% |
2017 | $36,206,186.61 | 3.39% |
2018 | $37,194,847.87 | 2.73% |
2019 | $37,910,608.52 | 1.92% |
2020 | $38,650,081.14 | 1.95% |
2021 | $40,018,559.84 | 3.54% |
2022 | $43,224,503.04 | 8.01% |
2023 | $45,478,701.83 | 5.22%* |
* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Denver, Colorado:
Year | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
CPI | 104.300 | 107.100 | 107.900 | 110.800 | 113.700 | 115.800 | 120.900 | 125.600 | 130.300 | 135.800 | 141.800 | 147.900 | 153.100 | 158.100 | 161.900 | 166.600 | 173.200 | 181.300 | 184.800 | 186.800 | 187.000 | 190.900 | 197.700 | 202.029 | 209.903 | 208.548 | 212.447 | 220.288 | 224.568 | 230.791 | 237.200 | 239.990 | 246.643 | 254.995 | 261.958 | 266.999 | 272.207 | 281.845 | 304.424 | 320.300 |