According to the U.S. Bureau of Labor Statistics, prices for private transportation were 7.32% lower in 2020 versus 2013 (a $1.46 difference in value).
Between 2013 and 2020: Private transportation experienced an average inflation rate of -1.08% per year. In other words, private transportation costing $20 in the year 2013 would cost $18.54 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.47% during this same period, inflation for private transportation was lower.
In the year 2013: Pricing changed by -0.17%, which is above the average yearly change for private transportation during the 2013-2020 time period. Compared to inflation for all items in 2013 (1.46%), inflation for private transportation was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Private transportation:
Below are calculations of equivalent buying power for Private transportation, over time, for $20 beginning in 2013. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|