New vehicles (chained) priced at $20 in 2000 $20.47 in 2018

Historical Price Inflation for New vehicles (chained)

$

Prices for New Vehicles (chained), 2000-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for new vehicles (chained) were 2.36% higher in 2018 versus 2000 (a $0.47 difference in value).

Between 2000 and 2018: New vehicles (chained) experienced an average inflation rate of 0.13% per year. In other words, new vehicles (chained) costing $20 in the year 2000 would cost $20.47 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for new vehicles (chained) was lower.

In the year 2000: Pricing changed by -0.53%, which is below the average yearly change for new vehicles (chained) during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation for new vehicles (chained) was much lower.

Price Inflation for New vehicles (chained) since 1999

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2011 (2.71%), 2012 (1.75%), and 2010 (1.70%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for New vehicles (chained):

Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CPI 100.000 99.467 98.908 97.367 95.833 95.292 95.842 95.792 95.040 93.476 94.415 96.020 98.625 100.354 101.290 101.569 102.178 102.349 102.270 101.816

View price changes for other categories
Dental services · Educational books and supplies · Minneapolis-St Paul, Minnesota · Philadelphia, Pennsylvania · More

Buying power of $20 since 2000

Below are calculations of equivalent buying power for New vehicles (chained), over time, for $20 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2000 $20.00 -0.53%
2001 $19.89 -0.56%
2002 $19.58 -1.56%
2003 $19.27 -1.57%
2004 $19.16 -0.57%
2005 $19.27 0.58%
2006 $19.26 -0.05%
2007 $19.11 -0.78%
2008 $18.80 -1.65%
2009 $18.98 1.00%
2010 $19.31 1.70%
2011 $19.83 2.71%
2012 $20.18 1.75%
2013 $20.37 0.93%
2014 $20.42 0.28%
2015 $20.55 0.60%
2016 $20.58 0.17%
2017 $20.56 -0.08%
2018 $20.47 -0.44%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for new vehicles (chained), 2000-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2000 * 2000 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for New vehicles (chained) was 99.467 in the year 2000 and 101.816 in 2018:

101.816 / 99.467 * $20 = $20.47

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $20.47 in 2018 (in the CPI category of New vehicles (chained)).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for New vehicles (chained) in 1999. In addition to new vehicles (chained), the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.