Car and truck rental price inflation, 2009→2023

Car And Truck Rental Inflation Calculator

Prices for Car And Truck Rental, 2009-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for car and truck rental are 40.83% higher in 2023 versus 2009 (a $8.17 difference in value).

Between 2009 and 2023: Car and truck rental experienced an average inflation rate of 2.48% per year. This rate of change indicates significant inflation. In other words, car and truck rental costing $20 in the year 2009 would cost $28.17 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.53% during this same period, inflation for car and truck rental was lower.

In the year 2009: Pricing changed by 8.39%, which is significantly above the average yearly change for car and truck rental during the 2009-2023 time period. Compared to inflation for all items in 2009 (-0.36%), inflation for car and truck rental was much 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 (48.39%), 2009 (8.39%), and 2023 (-7.25%).

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Buying power of $20.00 since 2009

Below are calculations of equivalent buying power for Car and truck rental, over time, for $20 beginning in 2009. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2009	$20.00	8.39%
2010	$19.41	-2.96%
2011	$19.43	0.09%
2012	$19.37	-0.26%
2013	$19.72	1.78%
2014	$20.05	1.69%
2015	$20.04	-0.08%
2016	$20.56	2.61%
2017	$20.12	-2.15%
2018	$19.87	-1.24%
2019	$19.99	0.59%
2020	$20.12	0.66%
2021	$29.85	48.39%
2022	$30.37	1.72%
2023	$28.17	-7.25%*

* 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 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	2022	2023
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	190.396	193.675	179.631

Adjust car and truck rental prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2009 * 2009 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Car and truck rental was 127.556 in the year 2009 and 179.631 in 2023:

179.631 / 127.556 * $20 = $28.17

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2009 has the same "purchasing power" as $28.17 in 2023 (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.