According to the U.S. Bureau of Labor Statistics, prices for used cars and trucks were 12.72% higher in 2010 versus 2009 (a $0.13 difference in value).
Between 2009 and 2010: Used cars and trucks experienced an average inflation rate of 12.72% per year. This rate of change indicates significant inflation. In other words, used cars and trucks costing $1 in the year 2009 would cost $1.13 in 2010 for an equivalent purchase. Compared to the overall inflation rate of 1.64% during this same period, inflation for used cars and trucks was significantly higher.
In the year 2009: Pricing changed by -5.21%, which is significantly below the average yearly change for used cars and trucks during the 2009-2010 time period. Compared to inflation for all items in 2009 (-0.36%), inflation for used cars and trucks was much lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Used cars and trucks:
Below are calculations of equivalent buying power for Used cars and trucks, over time, for $1 beginning in 2009. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|