Parking and tolls priced at $5 in 1997 $12.35 in 2021

Parking And Tolls Inflation Calculator

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Prices for Parking And Tolls, 1997-2021 ($5)

According to the U.S. Bureau of Labor Statistics, prices for parking fees and tolls were 147.10% higher in 2021 versus 1997 (a $7.35 difference in value).

Between 1997 and 2021: Parking and tolls experienced an average inflation rate of 3.84% per year. This rate of change indicates significant inflation. In other words, parking and tolls costing $5 in the year 1997 would cost $12.35 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.06% during this same period, inflation for parking and tolls was higher.

Price Inflation for Parking fees and tolls since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2012 (8.69%), 2009 (7.76%), and 2005 (7.08%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Parking fees and tolls:

Year 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
CPI 100.000 106.000 108.638 113.085 118.231 122.492 125.908 132.069 141.415 145.569 150.402 160.320 172.765 178.377 182.524 198.384 205.393 210.396 215.851 221.876 227.284 232.508 238.995 240.531 247.097

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Buying power of $5 since 1997

Below are calculations of equivalent buying power for Parking and tolls, over time, for $5 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1997 $5.00 -
1998 $5.30 6.00%
1999 $5.43 2.49%
2000 $5.65 4.09%
2001 $5.91 4.55%
2002 $6.12 3.60%
2003 $6.30 2.79%
2004 $6.60 4.89%
2005 $7.07 7.08%
2006 $7.28 2.94%
2007 $7.52 3.32%
2008 $8.02 6.59%
2009 $8.64 7.76%
2010 $8.92 3.25%
2011 $9.13 2.32%
2012 $9.92 8.69%
2013 $10.27 3.53%
2014 $10.52 2.44%
2015 $10.79 2.59%
2016 $11.09 2.79%
2017 $11.36 2.44%
2018 $11.63 2.30%
2019 $11.95 2.79%
2020 $12.03 0.64%
2021 $12.35 2.73%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for parking and tolls, 1997-2021

Start with the inflation rate formula:

CPI in 2021 / CPI in 1997 * 1997 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Parking fees and tolls was 100.000 in the year 1997 and 247.097 in 2021:

247.097 / 100.000 * $5 = $12.35

Therefore, according to U.S. Bureau of Labor Statistics, $5 in 1997 has the same "purchasing power" as $12.35 in 2021 (in the CPI category of Parking fees and tolls).


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

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