According to the U.S. Bureau of Labor Statistics, prices for car and truck rental were 3.99% higher in 2021 versus 2020 (a $0.80 difference in value).
Between 2020 and 2021: Car and truck rental experienced an average inflation rate of 3.99% per year. This rate of change indicates significant inflation. In other words, car and truck rental costing $20 in the year 2020 would cost $20.80 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.07% during this same period, inflation for car and truck rental was higher.
In the year 2020: Pricing changed by 0.66%, which is significantly below the average yearly change for car and truck rental during the 2020-2021 time period. Compared to inflation for all items in 2020 (1.23%), 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 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|