Detroit, Michigan prices: $20 in 2000 $27.38 in 2018

Inflation in Michigan

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Prices in Detroit, 2000-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices in Detroit, Michigan were 36.91% higher in 2018 versus 2000 (a $7.38 difference in value).

Between 2000 and 2018: Detroit experienced an average inflation rate of 1.76% per year. In other words, $20 in Detroit in the year 2000 would cost $27.38 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation in Detroit was lower.

In the year 2000: Pricing changed by 3.52%, which is above the average yearly change in Detroit during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation in Detroit was higher.

Price Inflation in Detroit, Michigan since 1914

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1920 (21.92%), 1918 (21.89%), and 1919 (21.46%).

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

Year 1914 1915 1916 1917 1918 1919 1920 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 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
CPI 9.700 9.733 10.233 11.917 14.525 17.642 21.508 19.517 17.442 17.958 18.050 18.158 18.467 18.158 17.525 17.508 17.217 15.183 13.250 11.917 12.592 13.267 13.825 14.608 14.533 14.033 14.117 15.000 16.658 17.567 17.800 18.275 19.867 22.642 24.467 24.150 24.550 26.475 27.142 27.625 27.725 27.675 28.192 29.017 29.417 29.408 29.650 29.817 29.908 30.200 30.450 31.150 32.533 33.625 35.075 37.208 39.508 40.950 42.467 45.233 50.133 53.867 56.792 60.692 65.300 73.600 85.300 93.217 96.992 99.758 103.250 106.842 108.333 111.617 115.858 122.008 128.283 132.967 135.758 139.425 143.825 148.367 152.383 156.150 159.608 163.767 169.525 174.333 178.683 182.467 185.267 190.558 196.400 199.972 204.845 203.252 204.981 211.465 215.955 219.414 221.791 218.868 222.063 226.579 232.091

View price changes for other categories
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Buying power of $20 since 2000

Below are calculations of equivalent buying power in Detroit, over time, for $20 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2000 $20.00 3.52%
2001 $20.57 2.84%
2002 $21.08 2.50%
2003 $21.53 2.12%
2004 $21.86 1.53%
2005 $22.48 2.86%
2006 $23.17 3.07%
2007 $23.59 1.82%
2008 $24.17 2.44%
2009 $23.98 -0.78%
2010 $24.18 0.85%
2011 $24.95 3.16%
2012 $25.48 2.12%
2013 $25.89 1.60%
2014 $26.17 1.08%
2015 $25.82 -1.32%
2016 $26.20 1.46%
2017 $26.73 2.03%
2018 $27.38 2.43%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for Detroit, 2000-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2000 * 2000 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Detroit, Michigan was 169.525 in the year 2000 and 232.091 in 2018:

232.091 / 169.525 * $20 = $27.38

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $27.38 in 2018 (in the CPI category of Detroit, Michigan).


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

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