According to the U.S. Bureau of Labor Statistics, prices for new vehicles were 0.84% higher in 2019 versus 2014 (a $0.17 difference in value).
Between 2014 and 2019: Vehicles experienced an average inflation rate of 0.17% per year. In other words, vehicles costing $20 in the year 2014 would cost $20.17 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 1.51% during this same period, inflation for vehicles was lower.
In the year 2014: Pricing changed by 0.34%, which is above the average yearly change for vehicles during the 2014-2019 time period. Compared to inflation for all items in 2014 (1.62%), inflation for vehicles was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for New vehicles:
Below are calculations of equivalent buying power for Vehicles, over time, for $20 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|