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