According to the U.S. Bureau of Labor Statistics, prices for ship fare are 10.03% higher in 2024 versus 2020 (a $2.01 difference in value).
Between 2020 and 2024: Ship fare experienced an average inflation rate of 2.42% per year. This rate of change indicates significant inflation. In other words, ship fare costing $20 in the year 2020 would cost $22.01 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.89% during this same period, inflation for ship fare was lower.
In the year 2020: Pricing changed by -6.73%, which is significantly below the average yearly change for ship fare during the 2020-2024 time period. Compared to inflation for all items in 2020 (1.23%), inflation for ship fare was much lower.
Below are calculations of equivalent buying power for Ship fare, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2020 | $20.00 | -6.73% |
| 2021 | $21.42 | 7.08% |
| 2022 | $20.57 | -3.93% |
| 2023 | $21.43 | 4.16% |
| 2024 | $22.01 | 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 |