Ship fare price inflation, 1997→2024

Ship Fare Inflation Calculator

Prices for Ship Fare, 1997-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for ship fare are 33.38% lower in 2024 versus 1997 (a $6.68 difference in value).

Between 1997 and 2024: Ship fare experienced an average inflation rate of -1.49% per year. In other words, ship fare costing $20 in the year 1997 would cost $13.32 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.51% during this same period, inflation for ship fare was significantly lower.

Price Inflation for Ship fare since 1997

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

Years with the largest changes in pricing: 2000 (-10.40%), 2001 (-9.66%), and 2009 (-9.26%).

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Buying power of $20.00 since 1997

Below are calculations of equivalent buying power for Ship fare, over time, for $20 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	$20.00	-
1998	$20.90	4.48%
1999	$20.24	-3.12%
2000	$18.14	-10.40%
2001	$16.39	-9.66%
2002	$15.74	-3.97%
2003	$14.44	-8.20%
2004	$14.19	-1.76%
2005	$14.37	1.24%
2006	$14.32	-0.33%
2007	$14.24	-0.55%
2008	$14.00	-1.65%
2009	$12.71	-9.26%
2010	$12.86	1.16%
2011	$12.74	-0.93%
2012	$12.39	-2.73%
2013	$12.33	-0.44%
2014	$12.25	-0.70%
2015	$12.35	0.87%
2016	$13.27	7.41%
2017	$13.20	-0.54%
2018	$13.28	0.64%
2019	$12.98	-2.23%
2020	$12.11	-6.73%
2021	$12.97	7.08%
2022	$12.46	-3.93%
2023	$12.98	4.16%
2024	$13.32	2.69%*

* 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 Ship fare:

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	2022	2023	2024
CPI	100.000	104.477	101.215	90.692	81.931	78.677	72.223	70.954	71.831	71.592	71.197	70.024	63.542	64.280	63.680	61.940	61.664	61.230	61.760	66.334	65.975	66.395	64.917	60.549	64.836	62.285	64.875	66.619

Adjust ship fare prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1997 * 1997 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Ship fare was 100.000 in the year 1997 and 66.619 in 2024:

66.619 / 100.000 * $20 = $13.32

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $13.32 in 2024 (in the CPI category of Ship fare).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Ship fare in 1997. 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.