According to the U.S. Bureau of Labor Statistics, prices for private transportation were 1.63% higher in 2020 versus 2015 (a $0.33 difference in value).
Between 2015 and 2020: Private transportation experienced an average inflation rate of 0.32% per year. In other words, private transportation costing $20 in the year 2015 would cost $20.33 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.71% during this same period, inflation for private transportation was lower.
In the year 2015: Pricing changed by -8.20%, which is significantly below the average yearly change for private transportation during the 2015-2020 time period. Compared to inflation for all items in 2015 (0.12%), inflation for private transportation was much 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 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|