According to the U.S. Bureau of Labor Statistics, prices for leased cars and trucks were 5.38% higher in 2018 versus 2016 (a $1.08 difference in value).
Between 2016 and 2018: Leased cars and trucks experienced an average inflation rate of 2.65% per year. This rate of change indicates significant inflation. In other words, leased cars and trucks costing $20 in the year 2016 would cost $21.08 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.28% during this same period, inflation for leased cars and trucks was higher.
In the year 2016: Pricing changed by 0.37%, which is below the average yearly change for leased cars and trucks during the 2016-2018 time period. Compared to inflation for all items in 2016 (1.26%), inflation for leased cars and trucks was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Leased cars and trucks:
Below are calculations of equivalent buying power for Leased cars and trucks, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|