Parking and tolls priced at $5 in 2016 $5.23 in 2018

Historical Price Inflation for Parking and tolls


Prices for Parking And Tolls, 2016-2018 ($5)

According to the U.S. Bureau of Labor Statistics, prices for parking fees and tolls were 4.68% higher in 2018 versus 2016 (a $0.23 difference in value).

Between 2016 and 2018: Parking and tolls experienced an average inflation rate of 2.31% per year. This rate of change indicates significant inflation. In other words, parking and tolls costing $5 in the year 2016 would cost $5.23 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.28% 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 2016-2018 time period. Compared to inflation for all items in 2016 (1.26%), inflation for parking and tolls was higher.

Price Inflation for Parking fees and tolls since 2011

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2012 (8.45%), 2013 (3.53%), and 2016 (2.80%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Parking fees and tolls:

Year 2011 2012 2013 2014 2015 2016 2017 2018
CPI 182.926 198.384 205.378 210.382 215.837 221.872 227.280 232.262

View price changes for other categories
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Buying power of $5 since 2016

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
2016 $5.00 2.80%
2017 $5.12 2.44%
2018 $5.23 2.19%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for parking and tolls, 2016-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2016 * 2016 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Parking fees and tolls was 221.872 in the year 2016 and 232.262 in 2018:

232.262 / 221.872 * $5 = $5.23

Therefore, according to U.S. Bureau of Labor Statistics, $5 in 2016 has the same "purchasing power" as $5.23 in 2018 (in the CPI category of Parking fees and tolls).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Parking fees and tolls in 2011. In addition to parking and tolls, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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