Used cars and trucks priced at $20 in 2000 $17.78 in 2018

Historical Price Inflation for Used cars and trucks

$

Prices for Used Cars And Trucks, 2000-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for used cars and trucks were 11.08% lower in 2018 versus 2000 (a $2.22 difference in value).

Between 2000 and 2018: Used cars and trucks experienced an average inflation rate of -0.65% per year. In other words, used cars and trucks costing $20 in the year 2000 would cost $17.78 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for used cars and trucks was lower.

In the year 2000: Pricing changed by 2.48%, which is significantly above the average yearly change for used cars and trucks during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation for used cars and trucks was lower.

Price Inflation for Used cars and trucks since 1984

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2010 (12.72%), 1995 (10.45%), and 1993 (8.71%).

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

Year 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CPI 112.500 113.700 108.800 113.100 118.000 120.433 117.600 118.133 123.167 133.900 141.667 156.467 157.033 151.100 150.600 152.033 155.800 158.700 152.000 142.933 133.300 139.433 140.000 135.747 133.951 126.973 143.128 149.011 150.330 149.887 149.094 147.120 143.488 138.259 138.530

View price changes for other categories
Baby food · College tuition and fees · Bread · Detroit, Michigan · More

Buying power of $20 since 2000

Below are calculations of equivalent buying power for Used cars and trucks, 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 2.48%
2001 $20.37 1.86%
2002 $19.51 -4.22%
2003 $18.35 -5.96%
2004 $17.11 -6.74%
2005 $17.90 4.60%
2006 $17.97 0.41%
2007 $17.43 -3.04%
2008 $17.20 -1.32%
2009 $16.30 -5.21%
2010 $18.37 12.72%
2011 $19.13 4.11%
2012 $19.30 0.89%
2013 $19.24 -0.30%
2014 $19.14 -0.53%
2015 $18.89 -1.32%
2016 $18.42 -2.47%
2017 $17.75 -3.64%
2018 $17.78 0.20%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for used cars and trucks, 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 Used cars and trucks was 155.800 in the year 2000 and 138.530 in 2018:

138.530 / 155.800 * $20 = $17.78

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $17.78 in 2018 (in the CPI category of Used cars and trucks).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Used cars and trucks in 1984. In addition to used cars and trucks, 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.