According to the U.S. Bureau of Labor Statistics, prices for new vehicles were 43.71% higher in 2019 versus 1984 (a $218.57 difference in value).
Between 1984 and 2019: Vehicles experienced an average inflation rate of 1.04% per year. In other words, vehicles costing $500 in the year 1984 would cost $718.57 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 2.60% during this same period, inflation for vehicles was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for New vehicles:
Year | 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 |
CPI | 102.633 | 106.067 | 110.600 | 114.367 | 116.500 | 119.200 | 121.400 | 126.000 | 129.200 | 132.733 | 137.600 | 140.967 | 143.700 | 144.267 | 143.433 | 142.867 | 142.767 | 142.133 | 140.000 | 137.867 | 137.067 | 137.933 | 137.600 | 136.254 | 134.194 | 135.623 | 138.005 | 141.883 | 144.232 | 145.783 | 146.275 | 147.135 | 147.358 | 146.992 | 146.287 | 147.498 |
Below are calculations of equivalent buying power for Vehicles, over time, for $500 beginning in 1984. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1984 | $500.00 | - |
1985 | $516.73 | 3.35% |
1986 | $538.81 | 4.27% |
1987 | $557.16 | 3.41% |
1988 | $567.55 | 1.87% |
1989 | $580.71 | 2.32% |
1990 | $591.43 | 1.85% |
1991 | $613.84 | 3.79% |
1992 | $629.43 | 2.54% |
1993 | $646.64 | 2.73% |
1994 | $670.35 | 3.67% |
1995 | $686.75 | 2.45% |
1996 | $700.06 | 1.94% |
1997 | $702.83 | 0.39% |
1998 | $698.77 | -0.58% |
1999 | $696.01 | -0.40% |
2000 | $695.52 | -0.07% |
2001 | $692.43 | -0.44% |
2002 | $682.04 | -1.50% |
2003 | $671.65 | -1.52% |
2004 | $667.75 | -0.58% |
2005 | $671.97 | 0.63% |
2006 | $670.35 | -0.24% |
2007 | $663.79 | -0.98% |
2008 | $653.75 | -1.51% |
2009 | $660.72 | 1.07% |
2010 | $672.32 | 1.76% |
2011 | $691.21 | 2.81% |
2012 | $702.66 | 1.66% |
2013 | $710.21 | 1.08% |
2014 | $712.61 | 0.34% |
2015 | $716.80 | 0.59% |
2016 | $717.89 | 0.15% |
2017 | $716.10 | -0.25% |
2018 | $712.67 | -0.48% |
2019 | $718.57 | 0.83%* |