According to the U.S. Bureau of Labor Statistics, prices for transportation commodities less motor fuel are 22.98% higher in 2024 versus 2016 (a $4.60 difference in value).
Between 2016 and 2024: Transportation commodities less motor fuel experienced an average inflation rate of 2.62% per year. This rate of change indicates significant inflation. In other words, transportation commodities less motor fuel costing $20 in the year 2016 would cost $24.60 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.39% during this same period, inflation for transportation commodities less motor fuel was lower.
In the year 2016: Pricing changed by -0.63%, which is significantly below the average yearly change for transportation commodities less motor fuel during the 2016-2024 time period. Compared to inflation for all items in 2016 (1.26%), inflation for transportation commodities less motor fuel was lower.
Below are calculations of equivalent buying power for Transportation commodities less motor fuel, 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 | -0.63% |
| 2017 | $19.72 | -1.40% |
| 2018 | $19.69 | -0.16% |
| 2019 | $19.82 | 0.69% |
| 2020 | $20.14 | 1.59% |
| 2021 | $22.93 | 13.87% |
| 2022 | $25.55 | 11.40% |
| 2023 | $25.19 | -1.39% |
| 2024 | $24.60 | -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:
| Year | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| CPI | 100.000 | 101.128 | 104.566 | 106.125 | 106.553 | 106.464 | 106.436 | 105.765 | 104.285 | 104.116 | 104.835 | 106.505 | 121.272 | 135.102 | 133.225 | 130.074 |