Vehicles priced at $2 in 1984 $2.86 in 2018

Historical Price Inflation for Vehicles

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Prices for Vehicles, 1984-2018 ($2)

According to the U.S. Bureau of Labor Statistics, prices for new vehicles were 42.82% higher in 2018 versus 1984 (a $0.86 difference in value).

Between 1984 and 2018: Vehicles experienced an average inflation rate of 1.05% per year. In other words, vehicles costing $2 in the year 1984 would cost $2.86 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.63% during this same period, inflation for vehicles was lower.

Price Inflation for New vehicles since 1984

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1986 (4.27%), 1991 (3.79%), and 1994 (3.67%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for New vehicles:

Year 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CPI 102.633 106.067 110.600 114.367 116.500 119.200 121.400 126.000 129.200 132.733 137.600 140.967 143.700 144.267 143.433 142.867 142.767 142.133 140.000 137.867 137.067 137.933 137.600 136.254 134.194 135.623 138.005 141.883 144.232 145.783 146.275 147.135 147.358 146.992 146.585

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Buying power of $2 since 1984

Below are calculations of equivalent buying power for Vehicles, over time, for $2 beginning in 1984. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1984 $2.00 -
1985 $2.07 3.35%
1986 $2.16 4.27%
1987 $2.23 3.41%
1988 $2.27 1.87%
1989 $2.32 2.32%
1990 $2.37 1.85%
1991 $2.46 3.79%
1992 $2.52 2.54%
1993 $2.59 2.73%
1994 $2.68 3.67%
1995 $2.75 2.45%
1996 $2.80 1.94%
1997 $2.81 0.39%
1998 $2.80 -0.58%
1999 $2.78 -0.40%
2000 $2.78 -0.07%
2001 $2.77 -0.44%
2002 $2.73 -1.50%
2003 $2.69 -1.52%
2004 $2.67 -0.58%
2005 $2.69 0.63%
2006 $2.68 -0.24%
2007 $2.66 -0.98%
2008 $2.62 -1.51%
2009 $2.64 1.07%
2010 $2.69 1.76%
2011 $2.76 2.81%
2012 $2.81 1.66%
2013 $2.84 1.08%
2014 $2.85 0.34%
2015 $2.87 0.59%
2016 $2.87 0.15%
2017 $2.86 -0.25%
2018 $2.86 -0.28%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for vehicles, 1984-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 1984 * 1984 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for New vehicles was 102.633 in the year 1984 and 146.585 in 2018:

146.585 / 102.633 * $2 = $2.86

Therefore, according to U.S. Bureau of Labor Statistics, $2 in 1984 has the same "purchasing power" as $2.86 in 2018 (in the CPI category of New vehicles).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for New vehicles in 1984. In addition to vehicles, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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