Vehicles priced at $1 in 2008 $1.03 in 2010

Vehicles Inflation Calculator

$

Prices for Vehicles, 2008-2010 ($1)

According to the U.S. Bureau of Labor Statistics, prices for new vehicles were 2.84% higher in 2010 versus 2008 (a $0.03 difference in value).

Between 2008 and 2010: Vehicles experienced an average inflation rate of 1.41% per year. In other words, vehicles costing $1 in the year 2008 would cost $1.03 in 2010 for an equivalent purchase. Compared to the overall inflation rate of 0.64% during this same period, inflation for vehicles was higher.

In the year 2008: Pricing changed by -1.51%, which is below the average yearly change for vehicles during the 2008-2010 time period. Compared to inflation for all items in 2008 (3.84%), inflation for vehicles was much lower.

Price Inflation for New vehicles since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1947 (50%), 2022 (10.39%), and 1949 (9.10%).

View price changes for other categories
Houston, Texas · Alcoholic beverages · Hospital services · College tuition and fees · More

Buying power of $1.00 since 2008

Below are calculations of equivalent buying power for Vehicles, over time, for $1 beginning in 2008. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2008$1.00-1.51%
2009$1.011.07%
2010$1.031.76%
2011$1.062.81%
2012$1.071.66%
2013$1.091.08%
2014$1.090.34%
2015$1.100.59%
2016$1.100.15%
2017$1.10-0.25%
2018$1.09-0.48%
2019$1.090.37%
2020$1.100.52%
2021$1.165.85%
2022$1.2910.39%
2023$1.333.72%
2024$1.33-0.17%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.


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

Year193519361937193819391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI20.30020.40020.80021.80021.30021.40023.00023.00023.00023.00023.00023.00034.50037.58041.00041.22043.36046.94047.25446.50844.87746.13848.54650.10852.24651.56951.56251.36251.05450.90849.79248.89249.34650.69251.51553.13155.27754.79254.80857.98562.98566.96970.52375.90081.92388.46993.86997.47799.877102.631106.054110.600114.385116.515119.162121.400125.985129.208132.738137.585140.954143.669144.254143.438142.862142.754142.108140.000137.854137.062137.908137.585136.254134.194135.623138.005141.883144.232145.783146.275147.135147.358146.992146.287146.834147.600156.240172.480178.899178.594

Adjust vehicles prices for inflation

Start with the inflation rate formula:

CPI in 2010 / CPI in 2008 * 2008 USD value = 2010 USD value

Then plug in historical CPI values from above. The CPI for New vehicles was 134.194 in the year 2008 and 138.005 in 2010:

138.005 / 134.194 * $1 = $1.03

Therefore, according to U.S. Bureau of Labor Statistics, $1 in 2008 has the same "purchasing power" as $1.03 in 2010 (in the CPI category of New vehicles).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for New vehicles in 1935. In addition to vehicles, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.