According to the U.S. Bureau of Labor Statistics, prices for car and truck rental are 51.28% higher in 2022 versus 2014 (a $10.26 difference in value).
Between 2014 and 2022: Car and truck rental experienced an average inflation rate of 5.31% per year. This rate of change indicates significant inflation. In other words, car and truck rental costing $20 in the year 2014 would cost $30.26 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.50% during this same period, inflation for car and truck rental was higher.
In the year 2014: Pricing changed by 1.69%, which is significantly below the average yearly change for car and truck rental during the 2014-2022 time period. Compared to inflation for all items in 2014 (1.62%), 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 2014. 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: