Ship fare priced at $20 in 2002 $16.90 in 2018

Historical Price Inflation for Ship fare

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Prices for Ship Fare, 2002-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for ship fare were 15.48% lower in 2018 versus 2002 (a $3.10 difference in value).

Between 2002 and 2018: Ship fare experienced an average inflation rate of -1.05% per year. In other words, ship fare costing $20 in the year 2002 would cost $16.90 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.11% during this same period, inflation for ship fare was significantly lower.

Price Inflation for Ship fare since 2002

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2009 (-9.26%), 2003 (-8.21%), and 2016 (7.41%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Ship fare:

Year 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CPI 78.658 72.200 70.958 71.825 71.592 71.197 70.024 63.542 64.280 63.679 61.940 61.664 61.230 61.760 66.334 65.975 66.483

View price changes for other categories
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Buying power of $20 since 2002

Below are calculations of equivalent buying power for Ship fare, 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 $18.36 -8.21%
2004 $18.04 -1.72%
2005 $18.26 1.22%
2006 $18.20 -0.32%
2007 $18.10 -0.55%
2008 $17.80 -1.65%
2009 $16.16 -9.26%
2010 $16.34 1.16%
2011 $16.19 -0.93%
2012 $15.75 -2.73%
2013 $15.68 -0.44%
2014 $15.57 -0.70%
2015 $15.70 0.87%
2016 $16.87 7.41%
2017 $16.78 -0.54%
2018 $16.90 0.77%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for ship fare, 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 Ship fare was 78.658 in the year 2002 and 66.483 in 2018:

66.483 / 78.658 * $20 = $16.90

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2002 has the same "purchasing power" as $16.90 in 2018 (in the CPI category of Ship fare).


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

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