According to the U.S. Bureau of Labor Statistics, prices for ship fare are 36.36% lower in 2024 versus 1998 (a $7.27 difference in value).
Between 1998 and 2024: Ship fare experienced an average inflation rate of -1.72% per year. In other words, ship fare costing $20 in the year 1998 would cost $12.73 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.55% during this same period, inflation for ship fare was significantly lower.
In the year 1998: Pricing changed by 4.48%, which is significantly above the average yearly change for ship fare during the 1998-2024 time period. Compared to inflation for all items in 1998 (1.55%), inflation for ship fare was higher.
Below are calculations of equivalent buying power for Ship fare, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1998 | $20.00 | 4.48% |
| 1999 | $19.38 | -3.12% |
| 2000 | $17.36 | -10.40% |
| 2001 | $15.68 | -9.66% |
| 2002 | $15.06 | -3.97% |
| 2003 | $13.83 | -8.20% |
| 2004 | $13.58 | -1.76% |
| 2005 | $13.75 | 1.24% |
| 2006 | $13.70 | -0.33% |
| 2007 | $13.63 | -0.55% |
| 2008 | $13.40 | -1.65% |
| 2009 | $12.16 | -9.26% |
| 2010 | $12.31 | 1.16% |
| 2011 | $12.19 | -0.93% |
| 2012 | $11.86 | -2.73% |
| 2013 | $11.80 | -0.44% |
| 2014 | $11.72 | -0.70% |
| 2015 | $11.82 | 0.87% |
| 2016 | $12.70 | 7.41% |
| 2017 | $12.63 | -0.54% |
| 2018 | $12.71 | 0.64% |
| 2019 | $12.43 | -2.23% |
| 2020 | $11.59 | -6.73% |
| 2021 | $12.41 | 7.08% |
| 2022 | $11.92 | -3.93% |
| 2023 | $12.42 | 4.16% |
| 2024 | $12.73 | 2.48%* |
* 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 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 | 2021 | 2022 | 2023 | 2024 |
| 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 | 64.836 | 62.285 | 64.875 | 66.485 |