According to the U.S. Bureau of Labor Statistics, prices for public transportation were 17.64% lower in 2020 versus 2014 (a $0.88 difference in value).
Between 2014 and 2020: Public transport experienced an average inflation rate of -3.18% per year. This rate of change indicates significant deflation. In other words, public transport costing $5 in the year 2014 would cost $4.12 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.46% during this same period, inflation for public transport was significantly lower.
In the year 2014: Pricing changed by -0.94%, which is above the average yearly change for public transport during the 2014-2020 time period. Compared to inflation for all items in 2014 (1.62%), inflation for public transport was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Public transportation:
Below are calculations of equivalent buying power for Public transport, over time, for $5 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|