According to the U.S. Bureau of Labor Statistics, prices for car and truck rental are 51.40% higher in 2022 versus 2015 (a $10.28 difference in value).
Between 2015 and 2022: Car and truck rental experienced an average inflation rate of 6.10% per year. This rate of change indicates significant inflation. In other words, car and truck rental costing $20 in the year 2015 would cost $30.28 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.84% during this same period, inflation for car and truck rental was significantly higher.
In the year 2015: Pricing changed by -0.08%, which is significantly below the average yearly change for car and truck rental during the 2015-2022 time period. Compared to inflation for all items in 2015 (0.12%), inflation for car and truck rental was lower.
Below are calculations of equivalent buying power for Car and truck rental, over time, for $20 beginning in 2015. 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: