Public transport price inflation, 2022→2024

Public Transport Inflation Calculator

Prices for Public Transport, 2022-2024 ($5)

According to the U.S. Bureau of Labor Statistics, prices for public transportation are 5.52% lower in 2024 versus 2022 (a $0.28 difference in value).

Between 2022 and 2024: Public transport experienced an average inflation rate of -2.80% per year. This rate of change indicates significant deflation. In other words, public transport costing $5 in the year 2022 would cost $4.72 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.47% during this same period, inflation for public transport was significantly lower.

In the year 2022: Pricing changed by 19.94%, which is significantly above the average yearly change for public transport during the 2022-2024 time period. Compared to inflation for all items in 2022 (8%), inflation for public transport was much higher.

Price Inflation for Public transportation since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 1980 (25.59%), 1981 (24.02%), and 2022 (19.94%).

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Buying power of $5.00 since 2022

Below are calculations of equivalent buying power for Public transport, over time, for $5 beginning in 2022. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2022	$5.00	19.94%
2023	$4.83	-3.49%
2024	$4.72	-2.11%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Public transportation:

Year	1935	1936	1937	1938	1939	1940	1941	1942	1943	1944	1945	1946	1947	1948	1949	1950	1951	1952	1953	1954	1955	1956	1957	1958	1959	1960	1961	1962	1963	1964	1965	1966	1967	1968	1969	1970	1971	1972	1973	1974	1975	1976	1977	1978	1979	1980	1981	1982	1983	1984	1985	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
CPI	9.100	8.983	8.920	9.040	9.100	9.100	9.100	9.160	9.200	9.200	9.200	9.480	9.869	11.177	12.415	13.400	14.815	15.785	16.831	17.969	18.462	19.200	19.931	20.877	21.492	22.223	23.208	23.969	24.262	24.708	25.215	26.108	27.431	28.715	30.915	35.223	37.754	39.315	39.708	40.600	43.500	47.777	50.031	51.515	54.946	69.008	85.585	94.892	99.454	105.654	110.477	116.954	121.077	123.285	129.515	142.623	148.931	151.369	166.992	171.962	175.885	181.892	186.723	190.338	197.685	209.562	210.638	207.354	209.300	209.062	217.254	226.577	230.002	250.549	236.348	251.351	269.403	271.351	278.851	276.394	268.725	265.397	263.116	258.771	259.463	227.453	231.209	277.304	267.634	261.999

Adjust public transport prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2022 * 2022 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Public transportation was 277.304 in the year 2022 and 261.999 in 2024:

261.999 / 277.304 * $5 = $4.72

Therefore, according to U.S. Bureau of Labor Statistics, $5 in 2022 has the same "purchasing power" as $4.72 in 2024 (in the CPI category of Public transportation).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Public transportation in 1935. In addition to public transport, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.