According to the U.S. Bureau of Labor Statistics, prices for private transportation were 0.11% higher in 2020 versus 2017 (a $0.02 difference in value).
Between 2017 and 2020: Private transportation experienced an average inflation rate of 0.04% per year. In other words, private transportation costing $20 in the year 2017 would cost $20.02 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.79% during this same period, inflation for private transportation was lower.
In the year 2017: Pricing changed by 3.76%, which is significantly above the average yearly change for private transportation during the 2017-2020 time period. Compared to inflation for all items in 2017 (2.13%), inflation for private transportation was higher.
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 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|