Leased cars and trucks price inflation, 2001→2024

Leased Cars And Trucks Inflation Calculator

Prices for Leased Cars And Trucks, 2001-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for leased cars and trucks are 16.18% higher in 2024 versus 2001 (a $3.24 difference in value).

Between 2001 and 2024: Leased cars and trucks experienced an average inflation rate of 0.65% per year. In other words, leased cars and trucks costing $20 in the year 2001 would cost $23.24 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.52% during this same period, inflation for leased cars and trucks was lower.

Price Inflation for Leased cars and trucks since 2001

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 2022 (31.96%), 2009 (7.74%), and 2023 (6.88%).

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Buying power of $20.00 since 2001

Below are calculations of equivalent buying power for Leased cars and trucks, over time, for $20 beginning in 2001. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2001	$20.00	-
2002	$19.81	-0.96%
2003	$19.36	-2.28%
2004	$18.71	-3.32%
2005	$18.54	-0.94%
2006	$18.62	0.44%
2007	$18.53	-0.50%
2008	$19.01	2.61%
2009	$20.48	7.74%
2010	$19.39	-5.33%
2011	$18.87	-2.68%
2012	$17.90	-5.16%
2013	$17.35	-3.07%
2014	$16.96	-2.26%
2015	$16.84	-0.66%
2016	$16.91	0.37%
2017	$16.96	0.31%
2018	$17.83	5.16%
2019	$17.39	-2.50%
2020	$16.99	-2.30%
2021	$16.40	-3.44%
2022	$21.65	31.96%
2023	$23.14	6.88%
2024	$23.24	0.44%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.

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

Year	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
CPI	100.000	99.038	96.785	93.569	92.692	93.100	92.637	95.055	102.414	96.956	94.360	89.489	86.746	84.782	84.223	84.538	84.799	89.174	86.947	84.944	82.018	108.231	115.676	116.180

Adjust leased cars and trucks prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2001 * 2001 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Leased cars and trucks was 100.000 in the year 2001 and 116.180 in 2024:

116.180 / 100.000 * $20 = $23.24

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2001 has the same "purchasing power" as $23.24 in 2024 (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 2001. 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.