New vehicles (chained) priced at $20 in 1999 $24.76 in 2024

New Vehicles (chained) Inflation Calculator

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Prices for New Vehicles (chained), 1999-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for new vehicles (chained) are 23.79% higher in 2024 versus 1999 (a $4.76 difference in value).

Between 1999 and 2024: New vehicles (chained) experienced an average inflation rate of 0.86% per year. In other words, new vehicles (chained) costing $20 in the year 1999 would cost $24.76 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.56% during this same period, inflation for new vehicles (chained) was lower.

Price Inflation for New vehicles (chained) since 1999

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2022 (10.38%), 2021 (5.76%), and 2023 (3.70%).

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Buying power of $20.00 since 1999

Below are calculations of equivalent buying power for New vehicles (chained), over time, for $20 beginning in 1999. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1999$20.00-
2000$19.89-0.53%
2001$19.78-0.56%
2002$19.47-1.56%
2003$19.17-1.57%
2004$19.06-0.57%
2005$19.170.58%
2006$19.16-0.05%
2007$19.01-0.78%
2008$18.70-1.65%
2009$18.881.00%
2010$19.201.70%
2011$19.732.71%
2012$20.071.75%
2013$20.260.93%
2014$20.310.28%
2015$20.440.60%
2016$20.470.17%
2017$20.45-0.08%
2018$20.36-0.48%
2019$20.410.29%
2020$20.550.64%
2021$21.735.76%
2022$23.9910.38%
2023$24.873.70%
2024$24.76-0.46%*

* 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 vehicles (chained):

Year19992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI100.00099.46798.90897.36795.83395.29295.84295.79295.04093.47694.41596.02098.625100.354101.290101.569102.178102.349102.270101.776102.071102.727108.649119.926124.363123.786

Adjust new vehicles (chained) prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1999 * 1999 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for New vehicles (chained) was 100.000 in the year 1999 and 123.786 in 2024:

123.786 / 100.000 * $20 = $24.76

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1999 has the same "purchasing power" as $24.76 in 2024 (in the CPI category of New vehicles (chained)).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for New vehicles (chained) in 1999. In addition to new vehicles (chained), the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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