Car and truck rental priced at $20 in 2019 $18.23 in 2020

Car And Truck Rental Inflation Calculator

$

Prices for Car And Truck Rental, 2019-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for car and truck rental were 8.85% lower in 2020 versus 2019 (a $1.77 difference in value).

Between 2019 and 2020: Car and truck rental experienced an average inflation rate of -8.85% per year. This rate of change indicates significant deflation. In other words, car and truck rental costing $20 in the year 2019 would cost $18.23 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 0.93% during this same period, inflation for car and truck rental was significantly lower.

In the year 2019: Pricing changed by 0.59%, which is significantly above the average yearly change for car and truck rental during the 2019-2020 time period. Compared to inflation for all items in 2019 (1.81%), inflation for car and truck rental was lower.

Price Inflation for Car and truck rental since 2018

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2020 (-8.85%), and 2019 (0.59%).

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

Year 2018 2019 2020
CPI 126.722 127.472 116.185

View price changes for other categories
Dental services · Alcoholic beverages · Philadelphia, Pennsylvania · Milk · More

Buying power of $20 since 2019

Below are calculations of equivalent buying power for Car and truck rental, over time, for $20 beginning in 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2019 $20.00 0.59%
2020 $18.23 -8.85%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for car and truck rental, 2019-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 2019 * 2019 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Car and truck rental was 127.472 in the year 2019 and 116.185 in 2020:

116.185 / 127.472 * $20 = $18.23

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2019 has the same "purchasing power" as $18.23 in 2020 (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 2018. 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.

» Read more about inflation and investment.