Ship fare priced at $20 in 1997 $12.11 in 2020

Ship Fare Inflation Calculator

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Prices for Ship Fare, 1997-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for ship fare were 39.45% lower in 2020 versus 1997 (a $7.89 difference in value).

Between 1997 and 2020: Ship fare experienced an average inflation rate of -2.16% per year. This rate of change indicates significant deflation. In other words, ship fare costing $20 in the year 1997 would cost $12.11 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.10% during this same period, inflation for ship fare was significantly lower.

Price Inflation for Ship fare since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2000 (-10.40%), 2001 (-9.66%), and 2009 (-9.26%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Ship fare:

Year 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
CPI 100.000 104.477 101.215 90.692 81.931 78.677 72.223 70.954 71.831 71.592 71.197 70.024 63.542 64.280 63.680 61.940 61.664 61.230 61.760 66.334 65.975 66.395 64.917 60.549

View price changes for other categories
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Buying power of $20 since 1997

Below are calculations of equivalent buying power for Ship fare, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1997 $20.00 -
1998 $20.90 4.48%
1999 $20.24 -3.12%
2000 $18.14 -10.40%
2001 $16.39 -9.66%
2002 $15.74 -3.97%
2003 $14.44 -8.20%
2004 $14.19 -1.76%
2005 $14.37 1.24%
2006 $14.32 -0.33%
2007 $14.24 -0.55%
2008 $14.00 -1.65%
2009 $12.71 -9.26%
2010 $12.86 1.16%
2011 $12.74 -0.93%
2012 $12.39 -2.73%
2013 $12.33 -0.44%
2014 $12.25 -0.70%
2015 $12.35 0.87%
2016 $13.27 7.41%
2017 $13.20 -0.54%
2018 $13.28 0.64%
2019 $12.98 -2.23%
2020 $12.11 -6.73%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for ship fare, 1997-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 1997 * 1997 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Ship fare was 100.000 in the year 1997 and 60.549 in 2020:

60.549 / 100.000 * $20 = $12.11

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $12.11 in 2020 (in the CPI category of Ship fare).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Ship fare in 1997. In addition to ship fare, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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