Denver, Colorado prices: $1 in 2016 $1.14 in 2021

Inflation in Colorado

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Prices in Denver, 2016-2021 ($1)

According to the U.S. Bureau of Labor Statistics, prices in Denver, Colorado are 14.27% higher in 2021 versus 2016 (a $0.14 difference in value).

Between 2016 and 2021: Denver experienced an average inflation rate of 2.70% per year. This rate of change indicates significant inflation. In other words, $1 in Denver in the year 2016 would cost $1.14 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.46% during this same period, inflation in Denver was higher.

In the year 2016: Pricing changed by 2.77%, which is above the average yearly change in Denver during the 2016-2021 time period. Compared to inflation for all items in 2016 (1.26%), inflation in Denver was higher.

Price Inflation in Denver, Colorado since 1984

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2001 (4.68%), 1994 (4.42%), and 1990 (4.40%).

View price changes for other categories
Educational books and supplies · College tuition and fees · Admission to sporting events · Milk · More

Buying power of $1.00 since 2016

Below are calculations of equivalent buying power in Denver, over time, for $1 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2016$1.002.77%
2017$1.033.39%
2018$1.062.73%
2019$1.081.92%
2020$1.101.95%
2021$1.143.54%*
* Not final. See inflation summary for latest details.

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

Year19841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021
CPI104.300107.100107.900110.800113.700115.800120.900125.600130.300135.800141.800147.900153.100158.100161.900166.600173.200181.300184.800186.800187.000190.900197.700202.029209.903208.548212.447220.288224.568230.791237.200239.990246.643254.995261.958266.999272.207281.845

Adjust Denver prices for inflation

Start with the inflation rate formula:

CPI in 2021 / CPI in 2016 * 2016 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Denver, Colorado was 246.643 in the year 2016 and 281.845 in 2021:

281.845 / 246.643 * $1 = $1.14

Therefore, according to U.S. Bureau of Labor Statistics, $1 in 2016 has the same "purchasing power" as $1.14 in 2021 (in the CPI category of Denver, Colorado).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Denver, Colorado in 1984. In addition to Denver, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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