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