Trucks priced at $25,000 in 1983 $47,611.25 in 2024

Trucks Inflation Calculator

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Prices for Trucks, 1983-2024 ($25,000)

According to the U.S. Bureau of Labor Statistics, prices for new trucks are 90.45% higher in 2024 versus 1983 (a $22,611.25 difference in value).

Between 1983 and 2024: Trucks experienced an average inflation rate of 1.58% per year. In other words, trucks costing $25,000 in the year 1983 would cost $47,611.25 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.80% during this same period, inflation for trucks was lower.

Price Inflation for New trucks since 1983

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2022 (10.18%), 2021 (6.09%), and 1991 (4.47%).

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Buying power of $25,000.00 since 1983

Below are calculations of equivalent buying power for Trucks, over time, for $25,000 beginning in 1983. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1983$25,000.00-
1984$25,321.151.28%
1985$26,384.624.20%
1986$27,542.314.39%
1987$28,057.691.87%
1988$28,382.691.16%
1989$29,251.923.06%
1990$30,390.383.89%
1991$31,748.084.47%
1992$32,728.853.09%
1993$33,934.623.68%
1994$35,419.234.37%
1995$36,480.773.00%
1996$37,378.852.46%
1997$37,855.771.28%
1998$37,763.46-0.24%
1999$38,000.000.63%
2000$37,913.46-0.23%
2001$37,680.77-0.61%
2002$36,942.31-1.96%
2003$36,517.31-1.15%
2004$36,250.00-0.73%
2005$36,325.000.21%
2006$35,721.15-1.66%
2007$35,178.58-1.52%
2008$34,279.23-2.56%
2009$34,709.961.26%
2010$35,673.812.78%
2011$36,636.772.70%
2012$37,348.131.94%
2013$37,962.061.64%
2014$38,390.631.13%
2015$38,860.311.22%
2016$39,109.000.64%
2017$39,143.500.09%
2018$38,946.19-0.50%
2019$39,064.270.30%
2020$39,278.290.55%
2021$41,671.926.09%
2022$45,914.1910.18%
2023$47,696.503.88%
2024$47,611.25-0.18%*

* 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 New trucks:

Year198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI100.000101.285105.538110.169112.231113.531117.008121.562126.992130.915135.738141.677145.923149.515151.423151.054152.000151.654150.723147.769146.069145.000145.300142.885140.714137.117138.840142.695146.547149.393151.848153.563155.441156.436156.574155.785156.257157.113166.688183.657190.786190.445

Adjust trucks prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1983 * 1983 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for New trucks was 100.000 in the year 1983 and 190.445 in 2024:

190.445 / 100.000 * $25,000 = $47,611.25

Therefore, according to U.S. Bureau of Labor Statistics, $25,000 in 1983 has the same "purchasing power" as $47,611.25 in 2024 (in the CPI category of New trucks).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for New trucks in 1983. In addition to trucks, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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