According to the U.S. Bureau of Labor Statistics, prices for new trucks are 3.42% higher in 2024 versus 2022 (a $855.59 difference in value).
Between 2022 and 2024: Trucks experienced an average inflation rate of 1.70% per year. In other words, trucks costing $25,000 in the year 2022 would cost $25,855.59 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.47% during this same period, inflation for trucks was lower.
In the year 2022: Pricing changed by 10.18%, which is significantly above the average yearly change for trucks during the 2022-2024 time period. Compared to inflation for all items in 2022 (8%), inflation for trucks was higher.
Below are calculations of equivalent buying power for Trucks, over time, for $25,000 beginning in 2022. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2022 | $25,000.00 | 10.18% |
| 2023 | $25,970.46 | 3.88% |
| 2024 | $25,855.59 | -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 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 | 189.942 |