According to the U.S. Bureau of Labor Statistics, prices for car and truck rental were 7.37% lower in 2018 versus 2016.
Between 2016 and 2018: Car and truck rental experienced an average inflation rate of -3.76% per year. This rate of change indicates significant deflation. In other words, car and truck rental costing $20 in the year 2016 would cost $18.53 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.91% during this same period, inflation for car and truck rental was significantly lower.
In the year 2016: Pricing changed by 2.61%, significantly above the average yearly change for car and truck rental during the 2016-2018 time period. Compared to inflation for all items in 2016 (1.26%), price inflation for car and truck rental was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Car and truck rental: