According to the U.S. Bureau of Labor Statistics, prices for private transportation are 151.88% higher in 2024 versus 1988 (a $30.38 difference in value).
Between 1988 and 2024: Private transportation experienced an average inflation rate of 2.60% per year. This rate of change indicates significant inflation. In other words, private transportation costing $20 in the year 1988 would cost $50.38 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.74% during this same period, inflation for private transportation was lower.
In the year 1988: Pricing changed by 3.19%, which is above the average yearly change for private transportation during the 1988-2024 time period. Compared to inflation for all items in 1988 (4.08%), inflation for private transportation was lower.
Below are calculations of equivalent buying power for Private transportation, over time, for $20 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1988 | $20.00 | 3.19% |
| 1989 | $21.00 | 4.98% |
| 1990 | $22.09 | 5.23% |
| 1991 | $22.67 | 2.60% |
| 1992 | $23.17 | 2.22% |
| 1993 | $23.71 | 2.33% |
| 1994 | $24.43 | 3.04% |
| 1995 | $25.34 | 3.71% |
| 1996 | $26.04 | 2.75% |
| 1997 | $26.21 | 0.68% |
| 1998 | $25.64 | -2.18% |
| 1999 | $26.12 | 1.87% |
| 2000 | $27.73 | 6.15% |
| 2001 | $27.90 | 0.61% |
| 2002 | $27.66 | -0.85% |
| 2003 | $28.56 | 3.24% |
| 2004 | $29.63 | 3.76% |
| 2005 | $31.65 | 6.80% |
| 2006 | $32.90 | 3.97% |
| 2007 | $33.61 | 2.16% |
| 2008 | $35.52 | 5.68% |
| 2009 | $32.50 | -8.52% |
| 2010 | $35.10 | 8.00% |
| 2011 | $38.61 | 10.01% |
| 2012 | $39.56 | 2.46% |
| 2013 | $39.49 | -0.17% |
| 2014 | $39.23 | -0.66% |
| 2015 | $36.02 | -8.20% |
| 2016 | $35.24 | -2.17% |
| 2017 | $36.56 | 3.76% |
| 2018 | $38.39 | 4.99% |
| 2019 | $38.26 | -0.32% |
| 2020 | $36.94 | -3.46% |
| 2021 | $42.71 | 15.63% |
| 2022 | $49.32 | 15.47% |
| 2023 | $49.53 | 0.42% |
| 2024 | $50.38 | 1.71%* |
* 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 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 | 2022 | 2023 | 2024 |
| 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 | 229.703 | 265.249 | 266.372 | 270.931 |