According to the U.S. Bureau of Labor Statistics, prices in Denver, Colorado were 10.36% higher in 2020 versus 2016 (a $0.10 difference in value).
Between 2016 and 2020: Denver experienced an average inflation rate of 2.50% per year. This rate of change indicates significant inflation. In other words, $1 in Denver in the year 2016 would cost $1.10 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.90% 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 2016-2020 time period. Compared to inflation for all items in 2016 (1.26%), inflation in Denver was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Denver, Colorado:
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:
|Year||USD Value||Inflation Rate|