According to the U.S. Bureau of Labor Statistics, prices for leased cars and trucks are 37.43% higher in 2024 versus 2016 (a $7.49 difference in value).
Between 2016 and 2024: Leased cars and trucks experienced an average inflation rate of 4.05% per year. This rate of change indicates significant inflation. In other words, leased cars and trucks costing $20 in the year 2016 would cost $27.49 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.40% during this same period, inflation for leased cars and trucks was higher.
In the year 2016: Pricing changed by 0.37%, which is significantly below the average yearly change for leased cars and trucks during the 2016-2024 time period. Compared to inflation for all items in 2016 (1.26%), inflation for leased cars and trucks was lower.
Below are calculations of equivalent buying power for Leased cars and trucks, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2016 | $20.00 | 0.37% |
| 2017 | $20.06 | 0.31% |
| 2018 | $21.10 | 5.16% |
| 2019 | $20.57 | -2.50% |
| 2020 | $20.10 | -2.30% |
| 2021 | $19.40 | -3.44% |
| 2022 | $25.61 | 31.96% |
| 2023 | $27.37 | 6.88% |
| 2024 | $27.49 | 0.44%* |
* 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 Leased cars and trucks:
| Year | 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 | 99.038 | 96.785 | 93.569 | 92.692 | 93.100 | 92.637 | 95.055 | 102.414 | 96.956 | 94.360 | 89.489 | 86.746 | 84.782 | 84.223 | 84.538 | 84.799 | 89.174 | 86.947 | 84.944 | 82.018 | 108.231 | 115.676 | 116.180 |