Car and truck rental priced at $20 in 1997 $37.45 in 2021

Car And Truck Rental Inflation Calculator

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Prices for Car And Truck Rental, 1997-2021 ($20)

According to the U.S. Bureau of Labor Statistics, prices for car and truck rental were 87.24% higher in 2021 versus 1997 (a $17.45 difference in value).

Between 1997 and 2021: Car and truck rental experienced an average inflation rate of 2.65% per year. This rate of change indicates significant inflation. In other words, car and truck rental costing $20 in the year 1997 would cost $37.45 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.16% during this same period, inflation for car and truck rental was higher.

Price Inflation for Car and truck rental since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2021 (45.92%), 2009 (8.39%), and 2002 (5.55%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Car and truck rental:

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 2021
CPI 100.000 101.792 104.623 107.692 103.531 109.277 108.108 105.108 106.662 110.400 113.686 117.686 127.556 123.783 123.892 123.567 125.769 127.894 127.791 131.125 128.306 126.722 127.472 128.311 187.236

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Buying power of $20 since 1997

Below are calculations of equivalent buying power for Car and truck rental, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1997 $20.00 -
1998 $20.36 1.79%
1999 $20.92 2.78%
2000 $21.54 2.93%
2001 $20.71 -3.86%
2002 $21.86 5.55%
2003 $21.62 -1.07%
2004 $21.02 -2.78%
2005 $21.33 1.48%
2006 $22.08 3.50%
2007 $22.74 2.98%
2008 $23.54 3.52%
2009 $25.51 8.39%
2010 $24.76 -2.96%
2011 $24.78 0.09%
2012 $24.71 -0.26%
2013 $25.15 1.78%
2014 $25.58 1.69%
2015 $25.56 -0.08%
2016 $26.23 2.61%
2017 $25.66 -2.15%
2018 $25.34 -1.24%
2019 $25.49 0.59%
2020 $25.66 0.66%
2021 $37.45 45.92%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for car and truck rental, 1997-2021

Start with the inflation rate formula:

CPI in 2021 / CPI in 1997 * 1997 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Car and truck rental was 100.000 in the year 1997 and 187.236 in 2021:

187.236 / 100.000 * $20 = $37.45

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $37.45 in 2021 (in the CPI category of Car and truck rental).


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

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