According to the U.S. Bureau of Labor Statistics, prices for transportation commodities less motor fuel are 2.37% lower in 2024 versus 2023 (a $0.47 difference in value).
Between 2023 and 2024: Transportation commodities less motor fuel experienced an average inflation rate of -2.37% per year. This rate of change indicates significant deflation. In other words, transportation commodities less motor fuel costing $20 in the year 2023 would cost $19.53 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.89% during this same period, inflation for transportation commodities less motor fuel was significantly lower.
In the year 2023: Pricing changed by -1.39%, which is above the average yearly change for transportation commodities less motor fuel during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for transportation commodities less motor fuel was much lower.
Below are calculations of equivalent buying power for Transportation commodities less motor fuel, over time, for $20 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2023 | $20.00 | -1.39% |
| 2024 | $19.53 | -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 | 130.062 |