Transportation commodities less motor fuel priced at $20 in 2014 $24.44 in 2024

Transportation Commodities Less Motor Fuel Inflation Calculator

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Prices for Transportation Commodities Less Motor Fuel, 2014-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for transportation commodities less motor fuel are 22.18% higher in 2024 versus 2014 (a $4.44 difference in value).

Between 2014 and 2024: Transportation commodities less motor fuel experienced an average inflation rate of 2.02% per year. This rate of change indicates significant inflation. In other words, transportation commodities less motor fuel costing $20 in the year 2014 would cost $24.44 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.84% during this same period, inflation for transportation commodities less motor fuel was lower.

In the year 2014: Pricing changed by -0.08%, which is below the average yearly change for transportation commodities less motor fuel during the 2014-2024 time period. Compared to inflation for all items in 2014 (1.62%), inflation for transportation commodities less motor fuel was lower.

Price Inflation for Transportation commodities less motor fuel since 2009

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2021 (13.87%), 2022 (11.40%), and 2011 (3.40%).

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Buying power of $20.00 since 2014

Below are calculations of equivalent buying power for Transportation commodities less motor fuel, over time, for $20 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2014$20.00-0.08%
2015$19.99-0.03%
2016$19.87-0.63%
2017$19.59-1.40%
2018$19.56-0.16%
2019$19.690.69%
2020$20.011.59%
2021$22.7813.87%
2022$25.3811.40%
2023$25.03-1.39%
2024$24.44-2.37%*

* 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 Transportation commodities less motor fuel:

Year2009201020112012201320142015201620172018201920202021202220232024
CPI100.000101.128104.566106.125106.553106.464106.436105.765104.285104.116104.835106.505121.272135.102133.225130.074

Adjust transportation commodities less motor fuel prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2014 * 2014 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Transportation commodities less motor fuel was 106.464 in the year 2014 and 130.074 in 2024:

130.074 / 106.464 * $20 = $24.44

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2014 has the same "purchasing power" as $24.44 in 2024 (in the CPI category of Transportation commodities less motor fuel).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Transportation commodities less motor fuel in 2009. In addition to transportation commodities less motor fuel, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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