Car and truck rental priced at $20 in 2003 $22.47 in 2018

Historical Price Inflation for Car and truck rental

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Prices for Car And Truck Rental, 2003-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for car and truck rental were 12.35% higher in 2018 versus 2003.

Between 2003 and 2018: Car and truck rental experienced an average inflation rate of 0.78% per year. In other words, car and truck rental costing $20 in the year 2003 would cost $22.47 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.05% during this same period, inflation for car and truck rental was lower.

In the year 2003: Pricing changed by -1.07%, below the average yearly change for car and truck rental during the 2003-2018 time period. Compared to inflation for all items in 2003 (2.27%), price inflation for car and truck rental was much lower.

Price Inflation for Car and truck rental since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2009 (8.39%), 2002 (5.55%), and 2018 (-5.34%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Car and truck rental:

Year 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CPI 100.000 101.792 104.623 107.692 103.531 109.277 108.108 105.108 106.662 110.400 113.686 117.686 127.556 123.783 123.892 123.567 125.769 127.894 127.791 131.125 128.306 121.457

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How to calculate the inflation rate for car and truck rental, 2003-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2003 * 2003 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Car and truck rental was 108.108 in the year 2003 and 121.457 in 2018:

121.457 / 108.108 * $20 = $22.47

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2003 has the same "purchasing power" as $22.47 in 2018 (in the category of Car and truck rental).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Car and truck rental in 1997. In addition to car and truck rental, the index produces monthly data on changes in prices paid by urban consumers for a variety of other goods and services.

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