According to the U.S. Bureau of Labor Statistics, prices for car and truck rental were 2.92% lower in 2018 versus 2017 (a $0.58 difference in value).
Between 2017 and 2018: Car and truck rental experienced an average inflation rate of -2.92% per year. This rate of change indicates significant deflation. In other words, car and truck rental costing $20 in the year 2017 would cost $19.42 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.23% during this same period, inflation for car and truck rental was significantly lower.
In the year 2017: Pricing changed by -2.22%, which is above the average yearly change for car and truck rental during the 2017-2018 time period. Compared to inflation for all items in 2017 (2.13%), inflation for car and truck rental was much lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Car and truck rental:
Below are calculations of equivalent buying power for Car and truck rental, over time, for $20 beginning in 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|