According to the U.S. Bureau of Labor Statistics, prices in Phoenix, Arizona are 69.42% higher in 2024 versus 2005 (a $1,197,481.30 difference in value).
Between 2005 and 2024: Phoenix experienced an average inflation rate of 2.81% per year. This rate of change indicates significant inflation. In other words, $1,725,000 in Phoenix in the year 2005 would cost $2,922,481.30 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.53% during this same period, inflation in Phoenix was higher.
In the year 2005: Pricing changed by 2.95%, which is above the average yearly change in Phoenix during the 2005-2024 time period. Compared to inflation for all items in 2005 (3.39%), inflation in Phoenix was lower.
Below are calculations of equivalent buying power in Phoenix, over time, for $1,725,000 beginning in 2005. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2005 | $1,725,000.00 | 2.95% |
| 2006 | $1,775,969.53 | 2.95% |
| 2007 | $1,836,241.00 | 3.39% |
| 2008 | $1,899,634.35 | 3.45% |
| 2009 | $1,872,620.50 | -1.42% |
| 2010 | $1,883,117.04 | 0.56% |
| 2011 | $1,934,978.53 | 2.75% |
| 2012 | $1,978,207.06 | 2.23% |
| 2013 | $2,003,452.91 | 1.28% |
| 2014 | $2,035,961.91 | 1.62% |
| 2015 | $2,039,083.80 | 0.15% |
| 2016 | $2,072,341.41 | 1.63% |
| 2017 | $2,123,581.72 | 2.47% |
| 2018 | $2,211,997.92 | 4.16% |
| 2019 | $2,276,426.59 | 2.91% |
| 2020 | $2,321,088.64 | 1.96% |
| 2021 | $2,437,490.30 | 5.01% |
| 2022 | $2,718,141.27 | 11.51% |
| 2023 | $2,859,024.24 | 5.18% |
| 2024 | $2,922,481.30 | 2.22%* |
* 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 Phoenix, Arizona:
| Year | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| CPI | 101.200 | 103.300 | 105.200 | 108.300 | 111.500 | 115.284 | 119.264 | 117.568 | 118.227 | 121.483 | 124.197 | 125.782 | 127.823 | 128.019 | 130.107 | 133.324 | 138.875 | 142.920 | 145.724 | 153.032 | 170.652 | 179.497 | 183.481 |