Car and truck rental price history from 2019 through 2021

Car And Truck Rental Inflation Calculator

Prices for Car And Truck Rental, 2019-2021 ($20)

According to the U.S. Bureau of Labor Statistics, prices for car and truck rental were 28.99% higher in 2021 versus 2019 (a $5.80 difference in value).

Between 2019 and 2021: Car and truck rental experienced an average inflation rate of 13.57% per year. This rate of change indicates significant inflation. In other words, car and truck rental costing $20 in the year 2019 would cost $25.80 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.84% during this same period, inflation for car and truck rental was significantly higher.

In the year 2019: Pricing changed by 0.59%, which is significantly below the average yearly change for car and truck rental during the 2019-2021 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 1997

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 2021 (28.15%), 2009 (8.39%), and 2002 (5.55%).

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

Year	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021
CPI	100.000	101.792	104.623	107.692	103.531	109.277	108.108	105.108	106.662	110.400	113.686	117.686	127.556	123.783	123.892	123.567	125.769	127.894	127.791	131.125	128.306	126.722	127.472	128.311	164.427

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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	$20.13	0.66%
2021	$25.80	28.15%*

* Not final. See inflation summary for latest details.

How to calculate the inflation rate for car and truck rental, 2019-2021

Start with the inflation rate formula:

CPI in 2021 / CPI in 2019 * 2019 USD value = 2021 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 164.427 in 2021:

164.427 / 127.472 * $20 = $25.80

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2019 has the same "purchasing power" as $25.80 in 2021 (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 1997. 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.