Other motor fuels priced at $20 in 2018 $17.29 in 2020

Other Motor Fuels Inflation Calculator


Prices for Other Motor Fuels, 2018-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for other motor fuels were 13.55% lower in 2020 versus 2018 (a $2.71 difference in value).

Between 2018 and 2020: Other motor fuels experienced an average inflation rate of -7.02% per year. This rate of change indicates significant deflation. In other words, other motor fuels costing $20 in the year 2018 would cost $17.29 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.37% during this same period, inflation for other motor fuels was significantly lower.

Price Inflation for Other motor fuels since 2018

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2020 (-10.57%), and 2019 (-3.33%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Other motor fuels:

Year 2018 2019 2020
CPI 228.810 221.200 197.813

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Buying power of $20 since 2018

Below are calculations of equivalent buying power for Other motor fuels, over time, for $20 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2018 $20.00 -
2019 $19.33 -3.33%
2020 $17.29 -10.57%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for other motor fuels, 2018-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 2018 * 2018 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Other motor fuels was 228.810 in the year 2018 and 197.813 in 2020:

197.813 / 228.810 * $20 = $17.29

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2018 has the same "purchasing power" as $17.29 in 2020 (in the CPI category of Other motor fuels).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Other motor fuels in 2018. In addition to other motor fuels, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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