Leased cars and trucks priced at $20 in 2002 $17.99 in 2018

Historical Price Inflation for Leased cars and trucks

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Prices for Leased Cars And Trucks, 2002-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for leased cars and trucks were 10.03% lower in 2018 versus 2002 (a $2.01 difference in value).

Between 2002 and 2018: Leased cars and trucks experienced an average inflation rate of -0.66% per year. In other words, leased cars and trucks costing $20 in the year 2002 would cost $17.99 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.11% during this same period, inflation for leased cars and trucks was lower.

Price Inflation for Leased cars and trucks since 2002

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2009 (7.76%), 2010 (-5.33%), and 2012 (-5.16%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Leased cars and trucks:

Year 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CPI 99.017 96.775 93.558 92.683 93.100 92.643 95.055 102.429 96.972 94.372 89.502 86.746 84.782 84.223 84.538 84.799 89.086

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Buying power of $20 since 2002

Below are calculations of equivalent buying power for Leased cars and trucks, over time, for $20 beginning in 2002. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2002 $20.00 -
2003 $19.55 -2.26%
2004 $18.90 -3.32%
2005 $18.72 -0.94%
2006 $18.80 0.45%
2007 $18.71 -0.49%
2008 $19.20 2.60%
2009 $20.69 7.76%
2010 $19.59 -5.33%
2011 $19.06 -2.68%
2012 $18.08 -5.16%
2013 $17.52 -3.08%
2014 $17.12 -2.26%
2015 $17.01 -0.66%
2016 $17.08 0.37%
2017 $17.13 0.31%
2018 $17.99 5.06%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for leased cars and trucks, 2002-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2002 * 2002 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Leased cars and trucks was 99.017 in the year 2002 and 89.086 in 2018:

89.086 / 99.017 * $20 = $17.99

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2002 has the same "purchasing power" as $17.99 in 2018 (in the CPI category of Leased cars and trucks).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Leased cars and trucks in 2002. In addition to leased cars and trucks, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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