According to the U.S. Bureau of Labor Statistics, prices in Phoenix, Arizona are 29.44% higher in 2021 versus 2010 (a $2.94 difference in value).
Between 2010 and 2021: Phoenix experienced an average inflation rate of 2.37% per year. This rate of change indicates significant inflation. In other words, $10 in Phoenix in the year 2010 would cost $12.94 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.99% during this same period, inflation in Phoenix was higher.
In the year 2010: Pricing changed by 0.56%, which is below the average yearly change in Phoenix during the 2010-2021 time period. Compared to inflation for all items in 2010 (1.64%), inflation in Phoenix was lower.
Below are calculations of equivalent buying power in Phoenix, over time, for $10 beginning in 2010. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation 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 Phoenix, Arizona: