Parking and tolls price inflation, 2014→2024

Parking And Tolls Inflation Calculator

Prices for Parking And Tolls, 2014-2024 ($5)

According to the U.S. Bureau of Labor Statistics, prices for parking fees and tolls are 31.98% higher in 2024 versus 2014 (a $1.60 difference in value).

Between 2014 and 2024: Parking and tolls experienced an average inflation rate of 2.81% per year. This rate of change indicates significant inflation. In other words, parking and tolls costing $5 in the year 2014 would cost $6.60 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.84% during this same period, inflation for parking and tolls was lower.

In the year 2014: Pricing changed by 2.44%, which is below the average yearly change for parking and tolls during the 2014-2024 time period. Compared to inflation for all items in 2014 (1.62%), inflation for parking and tolls was higher.

Price Inflation for Parking fees and tolls since 1997

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

Years with the largest changes in pricing: 2012 (8.69%), 2009 (7.76%), and 2005 (7.08%).

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Buying power of $5.00 since 2014

Below are calculations of equivalent buying power for Parking and tolls, over time, for $5 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2014	$5.00	2.44%
2015	$5.13	2.59%
2016	$5.27	2.79%
2017	$5.40	2.44%
2018	$5.53	2.30%
2019	$5.68	2.79%
2020	$5.72	0.64%
2021	$5.92	3.55%
2022	$6.08	2.78%
2023	$6.28	3.26%
2024	$6.60	5.05%*

* 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 fees and tolls:

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	106.000	108.638	113.085	118.231	122.492	125.908	132.069	141.415	145.569	150.402	160.320	172.765	178.377	182.524	198.384	205.393	210.396	215.851	221.876	227.284	232.508	238.995	240.531	249.059	255.992	264.327	277.677

Adjust parking and tolls prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2014 * 2014 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Parking fees and tolls was 210.396 in the year 2014 and 277.677 in 2024:

277.677 / 210.396 * $5 = $6.60

Therefore, according to U.S. Bureau of Labor Statistics, $5 in 2014 has the same "purchasing power" as $6.60 in 2024 (in the CPI category of Parking fees and tolls).

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