Automobile service clubs price inflation, 1998→2020

Automobile Service Clubs Inflation Calculator

Prices for Automobile Service Clubs, 1998-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for automobile service clubs are 19.67% higher in 2020 versus 1998 (a $3.93 difference in value).

Between 1998 and 2020: Automobile service clubs experienced an average inflation rate of 0.82% per year. In other words, automobile service clubs costing $20 in the year 1998 would cost $23.93 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for automobile service clubs was lower.

In the year 1998: Pricing changed by 0.78%, which is below the average yearly change for automobile service clubs during the 1998-2020 time period. Compared to inflation for all items in 1998 (1.55%), inflation for automobile service clubs was lower.

Price Inflation for Automobile service clubs since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 2017 (-4.33%), 2001 (3.35%), and 2002 (2.54%).

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Buying power of $20.00 since 1998

Below are calculations of equivalent buying power for Automobile service clubs, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
1998	$20.00	0.78%
1999	$20.36	1.79%
2000	$20.68	1.60%
2001	$21.38	3.35%
2002	$21.92	2.54%
2003	$22.11	0.86%
2004	$22.58	2.12%
2005	$22.67	0.43%
2006	$23.09	1.85%
2007	$23.63	2.33%
2008	$23.74	0.46%
2009	$23.88	0.58%
2010	$23.90	0.08%
2011	$24.24	1.44%
2012	$24.73	2.02%
2013	$24.96	0.95%
2014	$24.85	-0.45%
2015	$25.01	0.65%
2016	$24.53	-1.91%
2017	$23.47	-4.33%
2018	$23.79	1.34%
2019	$23.91	0.52%
2020	$23.93	0.09%*

* 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 Automobile service clubs:

Year	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020
CPI	100.000	100.785	102.592	104.231	107.723	110.462	111.408	113.769	114.254	116.369	119.076	119.620	120.319	120.414	122.144	124.616	125.796	125.235	126.046	123.635	118.280	119.871	120.499	120.612

Adjust automobile service clubs prices for inflation

Start with the inflation rate formula:

CPI in 2020 / CPI in 1998 * 1998 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Automobile service clubs was 100.785 in the year 1998 and 120.612 in 2020:

120.612 / 100.785 * $20 = $23.93

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1998 has the same "purchasing power" as $23.93 in 2020 (in the CPI category of Automobile service clubs).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Automobile service clubs in 1997. In addition to automobile service clubs, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.