Private transportation priced at $20 in 1956 $154.35 in 2021

Private Transportation Inflation Calculator

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Prices for Private Transportation, 1956-2021 ($20)

According to the U.S. Bureau of Labor Statistics, prices for private transportation were 671.76% higher in 2021 versus 1956 (a $134.35 difference in value).

Between 1956 and 2021: Private transportation experienced an average inflation rate of 3.19% per year. This rate of change indicates significant inflation. In other words, private transportation costing $20 in the year 1956 would cost $154.35 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 3.55% during this same period, inflation for private transportation was lower.

In the year 1956: Pricing changed by 1.41%, which is below the average yearly change for private transportation during the 1956-2021 time period. Compared to inflation for all items in 1956 (1.52%), inflation for private transportation was lower.

Price Inflation for Private transportation since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (17.34%), 1979 (14.81%), and 1942 (13.57%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Private transportation:

Year 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 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 2020 2021
CPI 14.625 14.883 15.400 15.440 14.900 14.740 15.620 17.740 17.360 17.400 17.300 18.520 20.815 23.038 24.438 24.492 25.585 27.315 27.800 27.138 26.677 27.054 28.623 29.508 30.785 30.608 30.854 31.438 31.569 32.000 32.523 32.915 33.800 34.800 35.985 37.523 39.392 39.685 41.038 46.138 50.592 55.608 59.654 62.485 71.738 84.177 93.746 97.146 99.292 103.585 106.154 101.200 104.238 107.562 112.915 118.815 121.908 124.615 127.515 131.392 136.269 140.023 140.969 137.900 140.477 149.123 150.038 148.769 153.585 159.362 170.192 176.954 180.778 191.039 174.762 188.747 207.641 212.752 212.399 210.994 193.698 189.502 196.635 206.442 205.774 198.661 208.790

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Buying power of $20 since 1956

Below are calculations of equivalent buying power for Private transportation, over time, for $20 beginning in 1956. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1956 $20.00 1.41%
1957 $21.16 5.80%
1958 $21.81 3.09%
1959 $22.76 4.33%
1960 $22.63 -0.57%
1961 $22.81 0.80%
1962 $23.24 1.89%
1963 $23.34 0.42%
1964 $23.66 1.36%
1965 $24.04 1.63%
1966 $24.33 1.21%
1967 $24.99 2.69%
1968 $25.73 2.96%
1969 $26.60 3.40%
1970 $27.74 4.28%
1971 $29.12 4.98%
1972 $29.34 0.74%
1973 $30.34 3.41%
1974 $34.11 12.43%
1975 $37.40 9.65%
1976 $41.11 9.91%
1977 $44.10 7.28%
1978 $46.19 4.75%
1979 $53.03 14.81%
1980 $62.23 17.34%
1981 $69.30 11.37%
1982 $71.82 3.63%
1983 $73.40 2.21%
1984 $76.58 4.32%
1985 $78.48 2.48%
1986 $74.81 -4.67%
1987 $77.06 3.00%
1988 $79.52 3.19%
1989 $83.47 4.98%
1990 $87.84 5.23%
1991 $90.12 2.60%
1992 $92.12 2.22%
1993 $94.27 2.33%
1994 $97.13 3.04%
1995 $100.74 3.71%
1996 $103.51 2.75%
1997 $104.21 0.68%
1998 $101.94 -2.18%
1999 $103.85 1.87%
2000 $110.24 6.15%
2001 $110.92 0.61%
2002 $109.98 -0.85%
2003 $113.54 3.24%
2004 $117.81 3.76%
2005 $125.82 6.80%
2006 $130.82 3.97%
2007 $133.64 2.16%
2008 $141.23 5.68%
2009 $129.20 -8.52%
2010 $139.53 8.00%
2011 $153.50 10.01%
2012 $157.28 2.46%
2013 $157.02 -0.17%
2014 $155.98 -0.66%
2015 $143.19 -8.20%
2016 $140.09 -2.17%
2017 $145.37 3.76%
2018 $152.62 4.99%
2019 $152.12 -0.32%
2020 $146.86 -3.46%
2021 $154.35 5.10%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for private transportation, 1956-2021

Start with the inflation rate formula:

CPI in 2021 / CPI in 1956 * 1956 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Private transportation was 27.054 in the year 1956 and 208.790 in 2021:

208.790 / 27.054 * $20 = $154.35

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1956 has the same "purchasing power" as $154.35 in 2021 (in the CPI category of Private transportation).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Private transportation in 1935. In addition to private transportation, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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