According to the U.S. Bureau of Labor Statistics, prices for car and truck rental are 15.26% lower in 2024 versus 2022 (a $3.05 difference in value).
Between 2022 and 2024: Car and truck rental experienced an average inflation rate of -7.95% per year. This rate of change indicates significant deflation. In other words, car and truck rental costing $20 in the year 2022 would cost $16.95 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.47% during this same period, inflation for car and truck rental was significantly lower.
In the year 2022: Pricing changed by 1.72%, which is significantly above the average yearly change for car and truck rental during the 2022-2024 time period. Compared to inflation for all items in 2022 (8%), inflation for car and truck rental was much lower.
Below are calculations of equivalent buying power for Car and truck rental, over time, for $20 beginning in 2022. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2022 | $20.00 | 1.72% |
| 2023 | $18.32 | -8.42% |
| 2024 | $16.95 | -7.47%* |
* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.
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 | 2022 | 2023 | 2024 |
| 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 | 190.396 | 193.675 | 177.370 | 164.112 |