Private transportation priced at $20 in 2002 $35.66 in 2022

Private Transportation Inflation Calculator

$

Prices for Private Transportation, 2002-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for private transportation are 78.30% higher in 2022 versus 2002 (a $15.66 difference in value).

Between 2002 and 2022: Private transportation experienced an average inflation rate of 2.93% per year. This rate of change indicates significant inflation. In other words, private transportation costing $20 in the year 2002 would cost $35.66 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.46% during this same period, inflation for private transportation was higher.

In the year 2002: Pricing changed by -0.85%, which is significantly below the average yearly change for private transportation during the 2002-2022 time period. Compared to inflation for all items in 2002 (1.59%), 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%), 2021 (15.63%), and 2022 (15.47%).

View price changes for other categories
Admission to sporting events · Houston, Texas · Wine at home · Baby food · More

Buying power of $20.00 since 2002

Below are calculations of equivalent buying power for Private transportation, over time, for $20 beginning in 2002. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2002$20.00-0.85%
2003$20.653.24%
2004$21.423.76%
2005$22.886.80%
2006$23.793.97%
2007$24.302.16%
2008$25.685.68%
2009$23.49-8.52%
2010$25.378.00%
2011$27.9110.01%
2012$28.602.46%
2013$28.55-0.17%
2014$28.37-0.66%
2015$26.04-8.20%
2016$25.48-2.17%
2017$26.433.76%
2018$27.754.99%
2019$27.66-0.32%
2020$26.71-3.46%
2021$30.8815.63%
2022$35.6615.47%*

* 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:

Year1935193619371938193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI14.62514.88315.40015.44014.90014.74015.62017.74017.36017.40017.30018.52020.81523.03824.43824.49225.58527.31527.80027.13826.67727.05428.62329.50830.78530.60830.85431.43831.56932.00032.52332.91533.80034.80035.98537.52339.39239.68541.03846.13850.59255.60859.65462.48571.73884.17793.74697.14699.292103.585106.154101.200104.238107.562112.915118.815121.908124.615127.515131.392136.269140.023140.969137.900140.477149.123150.038148.769153.585159.362170.192176.954180.778191.039174.762188.747207.641212.752212.399210.994193.698189.502196.635206.442205.774198.661229.703265.249

Adjust private transportation prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2002 * 2002 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Private transportation was 148.769 in the year 2002 and 265.249 in 2022:

265.249 / 148.769 * $20 = $35.66

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2002 has the same "purchasing power" as $35.66 in 2022 (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.

» Read more about inflation and investment.