According to the U.S. Bureau of Labor Statistics, prices for parking fees and tolls were 6.66% higher in 2019 versus 2016 (a $0.33 difference in value).
Between 2016 and 2019: Parking and tolls experienced an average inflation rate of 2.17% per year. This rate of change indicates significant inflation. In other words, parking and tolls costing $5 in the year 2016 would cost $5.33 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 1.67% during this same period, inflation for parking and tolls was higher.
In the year 2016: Pricing changed by 2.80%, which is above the average yearly change for parking and tolls during the 2016-2019 time period. Compared to inflation for all items in 2016 (1.26%), inflation for parking and tolls was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Parking fees and tolls:
Below are calculations of equivalent buying power for Parking and tolls, over time, for $5 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|