According to the U.S. Bureau of Labor Statistics, prices for transportation are 36.33% higher in 2024 versus 2015 (a $14,016.97 difference in value).
Between 2015 and 2024: Transportation experienced an average inflation rate of 3.50% per year. This rate of change indicates significant inflation. In other words, transportation costing $38,585 in the year 2015 would cost $52,601.97 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.14% during this same period, inflation for transportation was higher.
In the year 2015: Pricing changed by -7.81%, which is significantly below the average yearly change for transportation during the 2015-2024 time period. Compared to inflation for all items in 2015 (0.12%), inflation for transportation was much lower.
Below are calculations of equivalent buying power for Transportation, over time, for $38,585 beginning in 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2015 | $38,585.00 | -7.81% |
| 2016 | $37,776.15 | -2.10% |
| 2017 | $39,069.28 | 3.42% |
| 2018 | $40,832.83 | 4.51% |
| 2019 | $40,717.44 | -0.28% |
| 2020 | $39,024.53 | -4.16% |
| 2021 | $44,708.15 | 14.56% |
| 2022 | $51,622.60 | 15.47% |
| 2023 | $51,748.31 | 0.24% |
| 2024 | $52,601.97 | 1.65%* |
* 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:
| Year | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 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 | 14.200 | 14.267 | 14.560 | 14.620 | 14.300 | 14.220 | 14.760 | 16.020 | 15.920 | 15.900 | 15.900 | 16.860 | 18.454 | 20.577 | 22.115 | 22.685 | 24.138 | 25.731 | 26.469 | 26.085 | 25.769 | 26.231 | 27.692 | 28.608 | 29.792 | 29.785 | 30.123 | 30.754 | 30.923 | 31.385 | 31.900 | 32.354 | 33.277 | 34.338 | 35.662 | 37.492 | 39.462 | 39.923 | 41.185 | 45.800 | 50.100 | 55.085 | 58.969 | 61.731 | 70.531 | 83.092 | 93.154 | 96.992 | 99.308 | 103.715 | 106.454 | 102.315 | 105.408 | 108.662 | 114.100 | 120.515 | 123.831 | 126.538 | 130.362 | 134.300 | 139.108 | 143.031 | 144.277 | 141.554 | 144.400 | 153.331 | 154.254 | 152.862 | 157.562 | 163.100 | 173.908 | 180.862 | 184.682 | 195.549 | 179.252 | 193.396 | 212.366 | 217.337 | 217.412 | 215.939 | 199.067 | 194.894 | 201.565 | 210.664 | 210.068 | 201.334 | 230.657 | 266.330 | 266.978 | 271.383 |