According to the U.S. Bureau of Labor Statistics, prices for sports vehicles including bicycles were 4.42% higher in 2020 versus 2018 (a $0.88 difference in value).
Between 2018 and 2020: Sports vehicles including bicycles experienced an average inflation rate of 2.19% per year. This rate of change indicates significant inflation. In other words, sports vehicles including bicycles costing $20 in the year 2018 would cost $20.88 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.37% during this same period, inflation for sports vehicles including bicycles was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Sports vehicles including bicycles:
Below are calculations of equivalent buying power for Sports vehicles including bicycles, 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|