According to the U.S. Bureau of Labor Statistics, prices for new cars and trucks were 1.23% higher in 2021 versus 2020 (a $246.83 difference in value).
Between 2020 and 2021: New cars and trucks experienced an average inflation rate of 1.23% per year. In other words, new cars and trucks costing $20,000 in the year 2020 would cost $20,246.83 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.68% during this same period, inflation for new cars and trucks was lower.
In the year 2020: Pricing changed by 0.52%, which is below the average yearly change for new cars and trucks during the 2020-2021 time period. Compared to inflation for all items in 2020 (1.23%), inflation for new cars and trucks was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for New cars and trucks:
Below are calculations of equivalent buying power for New cars and trucks, over time, for $20000 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|