According to the U.S. Bureau of Labor Statistics, prices for ship fare are 0.43% higher in 2024 versus 2016 (a $0.09 difference in value).
Between 2016 and 2024: Ship fare experienced an average inflation rate of 0.05% per year. In other words, ship fare costing $20 in the year 2016 would cost $20.09 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.39% during this same period, inflation for ship fare was significantly lower.
In the year 2016: Pricing changed by 7.41%, which is significantly above the average yearly change for ship fare during the 2016-2024 time period. Compared to inflation for all items in 2016 (1.26%), inflation for ship fare was much higher.
Below are calculations of equivalent buying power for Ship fare, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2016 | $20.00 | 7.41% |
| 2017 | $19.89 | -0.54% |
| 2018 | $20.02 | 0.64% |
| 2019 | $19.57 | -2.23% |
| 2020 | $18.26 | -6.73% |
| 2021 | $19.55 | 7.08% |
| 2022 | $18.78 | -3.93% |
| 2023 | $19.56 | 4.16% |
| 2024 | $20.09 | 2.69%* |
* 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 | 66.619 |