According to the U.S. Bureau of Labor Statistics, prices for car and truck rental were 18.24% higher in 2018 versus 1998.
Between 1998 and 2018: Car and truck rental experienced an average inflation rate of 0.84% per year. In other words, car and truck rental costing $20 in the year 1998 would cost $23.65 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.14% during this same period, inflation for car and truck rental was lower.
In the year 1998: Pricing changed by 1.79%, above the average yearly change for car and truck rental during the 1998-2018 time period. Compared to inflation for all items in 1998 (1.55%), price inflation for car and truck rental was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Car and truck rental: