According to the U.S. Bureau of Labor Statistics, prices in Denver, Colorado are 17.44% higher in 2021 versus 2015 (a $209,283.72 difference in value).
Between 2015 and 2021: Denver experienced an average inflation rate of 2.72% per year. This rate of change indicates significant inflation. In other words, $1,200,000 in Denver in the year 2015 would cost $1,409,283.72 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.26% during this same period, inflation in Denver was higher.
In the year 2015: Pricing changed by 1.18%, which is below the average yearly change in Denver during the 2015-2021 time period. Compared to inflation for all items in 2015 (0.12%), inflation in Denver was higher.
Below are calculations of equivalent buying power in Denver, over time, for $1,200,000 beginning in 2015. 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 Denver, Colorado: