According to the U.S. Bureau of Labor Statistics, prices in Phoenix, Arizona were 11.64% higher in 2019 versus 2015 (a $139,676.14 difference in value).
Between 2015 and 2019: Phoenix experienced an average inflation rate of 2.79% per year. This rate of change indicates significant inflation. In other words, $1,200,000 in Phoenix in the year 2015 would cost $1,339,676.14 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 1.91% during this same period, inflation in Phoenix was higher.
In the year 2015: Pricing changed by 0.15%, which is below the average yearly change in Phoenix during the 2015-2019 time period. Compared to inflation for all items in 2015 (0.12%), inflation in Phoenix was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Phoenix, Arizona:
Below are calculations of equivalent buying power in Phoenix, over time, for $1200000 beginning in 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|