According to the U.S. Bureau of Labor Statistics, prices for public transportation were 9.95% lower in 2020 versus 2017 (a $0.50 difference in value).
Between 2017 and 2020: Public transport experienced an average inflation rate of -3.43% per year. This rate of change indicates significant deflation. In other words, public transport costing $5 in the year 2017 would cost $4.50 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.66% during this same period, inflation for public transport was significantly lower.
In the year 2017: Pricing changed by -0.90%, which is above the average yearly change for public transport during the 2017-2020 time period. Compared to inflation for all items in 2017 (2.13%), inflation for public transport was much 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 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|