According to the U.S. Bureau of Labor Statistics, prices for car and truck rental are 53.84% higher in 2022 versus 2013 (a $10.77 difference in value).
Between 2013 and 2022: Car and truck rental experienced an average inflation rate of 4.90% per year. This rate of change indicates significant inflation. In other words, car and truck rental costing $20 in the year 2013 would cost $30.77 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.40% during this same period, inflation for car and truck rental was higher.
In the year 2013: Pricing changed by 1.78%, which is significantly below the average yearly change for car and truck rental during the 2013-2022 time period. Compared to inflation for all items in 2013 (1.46%), inflation for car and truck rental was higher.
Below are calculations of equivalent buying power for Car and truck rental, over time, for $20 beginning in 2013. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Car and truck rental: