Parking and tolls priced at $5 in 2017 $6.11 in 2024

Parking And Tolls Inflation Calculator

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Prices for Parking And Tolls, 2017-2024 ($5)

According to the U.S. Bureau of Labor Statistics, prices for parking fees and tolls are 22.17% higher in 2024 versus 2017 (a $1.11 difference in value).

Between 2017 and 2024: Parking and tolls experienced an average inflation rate of 2.90% per year. This rate of change indicates significant inflation. In other words, parking and tolls costing $5 in the year 2017 would cost $6.11 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.57% during this same period, inflation for parking and tolls was lower.

In the year 2017: Pricing changed by 2.44%, which is below the average yearly change for parking and tolls during the 2017-2024 time period. Compared to inflation for all items in 2017 (2.13%), 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 2017

Below are calculations of equivalent buying power for Parking and tolls, over time, for $5 beginning in 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2017$5.002.44%
2018$5.112.30%
2019$5.262.79%
2020$5.290.64%
2021$5.483.55%
2022$5.632.78%
2023$5.813.26%
2024$6.115.05%*

* 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:

Year1997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI100.000106.000108.638113.085118.231122.492125.908132.069141.415145.569150.402160.320172.765178.377182.524198.384205.393210.396215.851221.876227.284232.508238.995240.531249.059255.992264.327277.677

Adjust parking and tolls prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2017 * 2017 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Parking fees and tolls was 227.284 in the year 2017 and 277.677 in 2024:

277.677 / 227.284 * $5 = $6.11

Therefore, according to U.S. Bureau of Labor Statistics, $5 in 2017 has the same "purchasing power" as $6.11 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.

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