New York prices: $1 in 2016 $1.17 in 2022

Inflation in New York


Prices in New York, 2016-2022 ($1)

According to the U.S. Bureau of Labor Statistics, prices in New York are 17.37% higher in 2022 versus 2016 (a $0.17 difference in value).

Between 2016 and 2022: New York experienced an average inflation rate of 2.71% per year. This rate of change indicates significant inflation. In other words, $1 in New York in the year 2016 would cost $1.17 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.31% during this same period, inflation in New York was lower.

In the year 2016: Pricing changed by 1.08%, which is below the average yearly change in New York during the 2016-2022 time period. Compared to inflation for all items in 2016 (1.26%), inflation in New York was lower.

Price Inflation in New York since 1914

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1919 (22.12%), 1918 (22.09%), and 1920 (17.24%).

View price changes for other categories
Bread · Legal services · New cars · Fish and seafood · More

Buying power of $1.00 since 2016

Below are calculations of equivalent buying power in New York, 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

* 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 New York:


Adjust New York prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2016 * 2016 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for New York was 263.365 in the year 2016 and 309.106 in 2022:

309.106 / 263.365 * $1 = $1.17

Therefore, according to U.S. Bureau of Labor Statistics, $1 in 2016 has the same "purchasing power" as $1.17 in 2022 (in the CPI category of New York).

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

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