According to the U.S. Bureau of Labor Statistics, prices for public transportation were 14.24% lower in 2020 versus 2016 (a $0.71 difference in value).
Between 2016 and 2020: Public transport experienced an average inflation rate of -3.77% per year. This rate of change indicates significant deflation. In other words, public transport costing $5 in the year 2016 would cost $4.29 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.85% during this same period, inflation for public transport was significantly lower.
In the year 2016: Pricing changed by -1.25%, which is above the average yearly change for public transport during the 2016-2020 time period. Compared to inflation for all items in 2016 (1.26%), 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 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|