Intracity transportation price inflation, 2020→2024

Intracity Transportation Inflation Calculator

Prices for Intracity Transportation, 2020-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for intracity transportation are 7.95% higher in 2024 versus 2020 (a $1.59 difference in value).

Between 2020 and 2024: Intracity transportation experienced an average inflation rate of 1.93% per year. In other words, intracity transportation costing $20 in the year 2020 would cost $21.59 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.89% during this same period, inflation for intracity transportation was lower.

In the year 2020: Pricing changed by -1.93%, which is significantly below the average yearly change for intracity transportation during the 2020-2024 time period. Compared to inflation for all items in 2020 (1.23%), inflation for intracity transportation was much lower.

Price Inflation for Intracity transportation since 1978

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

Years with the largest changes in pricing: 1981 (22.98%), 1980 (15.10%), and 1982 (11.79%).

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Buying power of $20.00 since 2020

Below are calculations of equivalent buying power for Intracity transportation, 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
2020	$20.00	-1.93%
2021	$20.46	2.30%
2022	$21.20	3.61%
2023	$21.39	0.88%
2024	$21.59	0.96%*

* 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 Intracity transportation:

Year	1978	1979	1980	1981	1982	1983	1984	1985	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	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	57.562	60.585	69.731	85.754	95.862	98.992	105.162	107.654	115.769	118.800	121.654	125.231	133.469	138.915	146.892	150.692	152.700	157.462	173.223	175.769	174.215	172.438	174.885	180.138	184.131	197.354	208.908	218.531	225.938	230.623	239.840	251.083	261.045	273.302	281.733	293.787	297.427	303.872	308.912	314.291	319.821	323.311	317.080	324.363	336.080	339.052	342.292

Adjust intracity transportation prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2020 * 2020 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Intracity transportation was 317.080 in the year 2020 and 342.292 in 2024:

342.292 / 317.080 * $20 = $21.59

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2020 has the same "purchasing power" as $21.59 in 2024 (in the CPI category of Intracity transportation).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Intracity transportation in 1978. In addition to intracity transportation, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.