Phoenix, Arizona prices: $1 in 2016 $1.18 in 2021

Inflation in Arizona


Prices in Phoenix, 2016-2021 ($1)

According to the U.S. Bureau of Labor Statistics, prices in Phoenix, Arizona are 17.62% higher in 2021 versus 2016 (a $0.18 difference in value).

Between 2016 and 2021: Phoenix experienced an average inflation rate of 3.30% per year. This rate of change indicates significant inflation. In other words, $1 in Phoenix in the year 2016 would cost $1.18 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.46% during this same period, inflation in Phoenix was higher.

In the year 2016: Pricing changed by 1.63%, which is below the average yearly change in Phoenix during the 2016-2021 time period. Compared to inflation for all items in 2016 (1.26%), inflation in Phoenix was higher.

Price Inflation in Phoenix, Arizona since 2002

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2021 (5.01%), 2018 (4.16%), and 2008 (3.45%).

View price changes for other categories
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Buying power of $1.00 since 2016

Below are calculations of equivalent buying power in Phoenix, 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 Phoenix, Arizona:


Adjust Phoenix prices for inflation

Start with the inflation rate formula:

CPI in 2021 / CPI in 2016 * 2016 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Phoenix, Arizona was 130.107 in the year 2016 and 153.032 in 2021:

153.032 / 130.107 * $1 = $1.18

Therefore, according to U.S. Bureau of Labor Statistics, $1 in 2016 has the same "purchasing power" as $1.18 in 2021 (in the CPI category of Phoenix, Arizona).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Phoenix, Arizona in 2002. In addition to Phoenix, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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