Philadelphia, Pennsylvania prices: $1,200,000 in 2015 $1,402,407.38 in 2022

Inflation in Pennsylvania


Prices in Philadelphia, 2015-2022 ($1,200,000)

According to the U.S. Bureau of Labor Statistics, prices in Philadelphia, Pennsylvania are 16.87% higher in 2022 versus 2015 (a $202,407.38 difference in value).

Between 2015 and 2022: Philadelphia experienced an average inflation rate of 2.25% per year. This rate of change indicates significant inflation. In other words, $1,200,000 in Philadelphia in the year 2015 would cost $1,402,407.38 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.84% during this same period, inflation in Philadelphia was lower.

In the year 2015: Pricing changed by -0.09%, which is below the average yearly change in Philadelphia during the 2015-2022 time period. Compared to inflation for all items in 2015 (0.12%), inflation in Philadelphia was lower.

Price Inflation in Philadelphia, Pennsylvania since 1914

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1919 (21.56%), 1918 (21.45%), and 1920 (16.49%).

View price changes for other categories
Frankfurters · Food · Gasoline (all types) · Philadelphia, Pennsylvania · More

Buying power of $1,200,000.00 since 2015

Below are calculations of equivalent buying power in Philadelphia, 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:

YearUSD ValueInflation Rate
* Not final. See inflation summary for latest details.

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


Adjust Philadelphia prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2015 * 2015 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Philadelphia, Pennsylvania was 243.778 in the year 2015 and 284.896 in 2022:

284.896 / 243.778 * $1,200,000 = $1,402,407.38

Therefore, according to U.S. Bureau of Labor Statistics, $1,200,000 in 2015 has the same "purchasing power" as $1,402,407.38 in 2022 (in the CPI category of Philadelphia, Pennsylvania).

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

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