According to the U.S. Bureau of Labor Statistics, prices for new trucks are 67.27% higher in 2024 versus 1988 (a $16,816.62 difference in value).
Between 1988 and 2024: Trucks experienced an average inflation rate of 1.44% per year. In other words, trucks costing $25,000 in the year 1988 would cost $41,816.62 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.75% during this same period, inflation for trucks was lower.
In the year 1988: Pricing changed by 1.16%, which is below the average yearly change for trucks during the 1988-2024 time period. Compared to inflation for all items in 1988 (4.08%), inflation for trucks was lower.
Below are calculations of equivalent buying power for Trucks, over time, for $25,000 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1988 | $25,000.00 | 1.16% |
| 1989 | $25,765.63 | 3.06% |
| 1990 | $26,768.41 | 3.89% |
| 1991 | $27,964.29 | 4.47% |
| 1992 | $28,828.17 | 3.09% |
| 1993 | $29,890.24 | 3.68% |
| 1994 | $31,197.91 | 4.37% |
| 1995 | $32,132.94 | 3.00% |
| 1996 | $32,923.98 | 2.46% |
| 1997 | $33,344.06 | 1.28% |
| 1998 | $33,262.75 | -0.24% |
| 1999 | $33,471.10 | 0.63% |
| 2000 | $33,394.88 | -0.23% |
| 2001 | $33,189.92 | -0.61% |
| 2002 | $32,539.47 | -1.96% |
| 2003 | $32,165.12 | -1.15% |
| 2004 | $31,929.67 | -0.73% |
| 2005 | $31,995.73 | 0.21% |
| 2006 | $31,463.85 | -1.66% |
| 2007 | $30,985.94 | -1.52% |
| 2008 | $30,193.78 | -2.56% |
| 2009 | $30,573.18 | 1.26% |
| 2010 | $31,422.15 | 2.78% |
| 2011 | $32,270.34 | 2.70% |
| 2012 | $32,896.93 | 1.94% |
| 2013 | $33,437.68 | 1.64% |
| 2014 | $33,815.18 | 1.13% |
| 2015 | $34,228.88 | 1.22% |
| 2016 | $34,447.93 | 0.64% |
| 2017 | $34,478.32 | 0.09% |
| 2018 | $34,304.53 | -0.50% |
| 2019 | $34,408.53 | 0.30% |
| 2020 | $34,597.04 | 0.55% |
| 2021 | $36,705.40 | 6.09% |
| 2022 | $40,442.07 | 10.18% |
| 2023 | $42,011.96 | 3.88% |
| 2024 | $41,816.62 | -0.46%* |
* 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:
| Year | 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 | 100.000 | 101.285 | 105.538 | 110.169 | 112.231 | 113.531 | 117.008 | 121.562 | 126.992 | 130.915 | 135.738 | 141.677 | 145.923 | 149.515 | 151.423 | 151.054 | 152.000 | 151.654 | 150.723 | 147.769 | 146.069 | 145.000 | 145.300 | 142.885 | 140.714 | 137.117 | 138.840 | 142.695 | 146.547 | 149.393 | 151.848 | 153.563 | 155.441 | 156.436 | 156.574 | 155.785 | 156.257 | 157.113 | 166.688 | 183.657 | 190.786 | 189.899 |