Ship fare priced at $20 in 2018 $18.39 in 2020

Ship Fare Inflation Calculator


Prices for Ship Fare, 2018-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for ship fare were 8.03% lower in 2020 versus 2018 (a $1.61 difference in value).

Between 2018 and 2020: Ship fare experienced an average inflation rate of -4.10% per year. This rate of change indicates significant deflation. In other words, ship fare costing $20 in the year 2018 would cost $18.39 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.37% during this same period, inflation for ship fare was significantly lower.

Price Inflation for Ship fare since 2018

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2020 (-5.94%), and 2019 (-2.23%).

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

Year 2018 2019 2020
CPI 66.395 64.917 61.063

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Buying power of $20 since 2018

Below are calculations of equivalent buying power for Ship fare, over time, for $20 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
2018 $20.00 -
2019 $19.55 -2.23%
2020 $18.39 -5.94%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for ship fare, 2018-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 2018 * 2018 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Ship fare was 66.395 in the year 2018 and 61.063 in 2020:

61.063 / 66.395 * $20 = $18.39

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2018 has the same "purchasing power" as $18.39 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 2018. 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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