For local governments, Article X, Section 20 (otherwise known as TABOR), defines inflation to mean the percentage change in the United States Bureau of Labor Statistics Consumer Price Index (CPI) for Denver-Boulder (now Denver-Aurora-Lakewood). The Bureau of Labor Statistics provides the Denver-Aurora-Lakewood CPI figure and two State Agencies provide forecasts that can be used for the local government budget process. 2023 CPI Value: 320.300 Percentage Change: 5.215% · 2022 CPI Value: 304.424 Percentage Change: 8.011% ...
Groceries and gasoline in metro Denver are slightly cheaper in May compared to a year earlier, but eating out has become more expensive and rising housing costs are keeping inflation above the target the Federal Reserve wants to see, according to the latest Consumer Price Index from the U.S. Bureau of Labor Statistics. Prices rose 2.6% year-over-year in May in the Consumer Price Index for Denver-Aurora-Lakewood. That is below the annual increase of 3.3% measured nationally and down from the 5.1% annual rate seen in May 2023. ...
The Denver-Aurora-Lakewood Consumer Price Index showed no movement between July and September, although various items in the basket of goods to measure inflation did shift around, according to an update Thursday from the U.S. Bureau of Labor Statistics. Annual inflation rose 1.4% in September in metro Denver, matching the 1.4% annual pace seen in July. Denver’s inflation rate is running cooler than the 2.4% rate measured nationally in September with only Tampa, Fla., having a lower rate. ...
Denver has announced that the state’s rate of inflation has hit its lowest in three years.... The report would say that “Over the last 12 months, the CPI-U advanced 2.8 percent. The...
Outsized declines in food and gasoline prices helped push consumer inflation in the Denver-Aurora-Lakewood area below 3% for the first time in three years, according to a bimonthly update from the U.S. Bureau of Labor Statistics. The Consumer Price Index for metro Denver advanced 2.8% over the past 12 months, down from an annual rate of 3.5% in January. Nationally, the CPI-U rose to a 3.5% annual rate, compared to a 3.2% rate in February and a 3.1% rate in January. The latest numbers reverse a 14-month streak where Denver’s inflation rate ran ...
Adjust Denver prices for inflation ; Start with the inflation rate formula: ; CPI in 2023 / CPI in 1984 * 1984 USD value = 2023 USD value ; Then plug in historical CPI values from above. The CPI for Denver, Colorado was 104.300 in the year 1984 and 320.300 in 2023:
Inflation in metro Denver continues to run much hotter than the rest of the country, with energy prices a significant contributor to a stubborn gap that is denying area consumers the reprieve seen in other parts of the country. The Consumer Price Index for All Urban Consumers in Denver-Aurora-Lakewood rose at a 5.4% annual pace, ahead of the U.S. city average rate of 3.7%, according to September CPI numbers the U.S. Bureau of Labor Statistics released on Thursday. As was the case this summer, metro Denver continues to report some of the highest ...
Gasoline prices dropped by nearly a fifth between September and November and meat and poultry prices fell by 6.7% in metro Denver, leading to the first bi-monthly decline in consumer inflation in 14 months, according to an update Tuesday from the U.S. Bureau of Labor Statistics. “Between September and November, prices in Denver fell by 0.34%. This was the first two-month period of deflation since September of last year,” said Cole Anderson, a research analyst with the Common Sense Institute,...
Rising energy and food costs continued to keep upward pressure on consumer prices in metro Denver, with overall inflation rising at an 8.2% annual rate in July, down slightly from the 8.3% pace in May and below the U.S. rate of 8.5%, according to the Consumer Price Index for All Urban Consumers for Denver-Aurora-Lakewood , from the U.S. Bureau of Labor Statistics. The local CPI report, which covers a basket of commonly purchased goods and services, comes out every two months. After showing signs...
The City and County of Denver's local minimum wage will increase $1 per hour to $18.29 from $17.29 beginning on Jan. 1, 2024. This is a lower minimum wage adjustment from the year before due to slowing inflation. The local ordinance requires annual adjustments to ensure wages keep up with Denver's cost of living. For 2024's adjustment, the CPI-W for the Denver-Aurora-Lakewood area was 5.8%, less than the CPI-W of 8.94% for 2023. The minimum wage for tipped food and beverage workers will be $15.27 per hour provided they earn at least $3.02 in ac ...