Parking and other fees price inflation, 2003→2024

Parking And Other Fees Inflation Calculator

Prices for Parking And Other Fees, 2003-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for parking and other fees are 89.49% higher in 2024 versus 2003 (a $17.90 difference in value).

Between 2003 and 2024: Parking and other fees experienced an average inflation rate of 3.09% per year. This rate of change indicates significant inflation. In other words, parking and other fees costing $20 in the year 2003 would cost $37.90 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.57% during this same period, inflation for parking and other fees was higher.

In the year 2003: Pricing changed by 2.44%, which is below the average yearly change for parking and other fees during the 2003-2024 time period. Compared to inflation for all items in 2003 (2.27%), inflation for parking and other fees was higher.

Price Inflation for Parking and other fees since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 2012 (6.61%), 2009 (6.13%), and 1998 (5.78%).

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Buying power of $20.00 since 2003

Below are calculations of equivalent buying power for Parking and other fees, over time, for $20 beginning in 2003. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2003	$20.00	2.44%
2004	$20.86	4.28%
2005	$22.01	5.51%
2006	$22.60	2.69%
2007	$23.32	3.19%
2008	$24.51	5.09%
2009	$26.01	6.13%
2010	$26.70	2.67%
2011	$27.24	2.00%
2012	$29.04	6.61%
2013	$29.90	2.97%
2014	$30.47	1.90%
2015	$31.14	2.20%
2016	$31.77	2.04%
2017	$32.08	0.95%
2018	$32.91	2.61%
2019	$33.97	3.21%
2020	$34.10	0.38%
2021	$34.75	1.92%
2022	$35.39	1.83%
2023	$36.32	2.64%
2024	$37.90	4.33%*

* 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 Parking and other fees:

Year	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	105.777	108.438	112.600	117.685	121.862	124.838	130.177	137.354	141.054	145.552	152.963	162.339	166.674	170.006	181.248	186.632	190.179	194.355	198.326	200.215	205.442	212.037	212.846	216.923	220.902	226.733	236.557

Adjust parking and other fees prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2003 * 2003 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Parking and other fees was 124.838 in the year 2003 and 236.557 in 2024:

236.557 / 124.838 * $20 = $37.90

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2003 has the same "purchasing power" as $37.90 in 2024 (in the CPI category of Parking and other fees).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Parking and other fees in 1997. In addition to parking and other fees, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.