According to the U.S. Bureau of Labor Statistics, prices for public transportation were 11.57% lower in 2020 versus 2018 (a $0.58 difference in value).
Between 2018 and 2020: Public transport experienced an average inflation rate of -5.96% per year. This rate of change indicates significant deflation. In other words, public transport costing $5 in the year 2018 would cost $4.42 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.37% during this same period, inflation for public transport was significantly lower.
In the year 2018: Pricing changed by -1.66%, which is significantly above the average yearly change for public transport during the 2018-2020 time period. Compared to inflation for all items in 2018 (2.44%), 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 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|