Car maintenance priced at $500 in 1967 $4,708.54 in 2018

Historical Price Inflation for Car maintenance

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Prices for Car Maintenance, 1967-2018 ($500)

According to the U.S. Bureau of Labor Statistics, prices for motor vehicle maintenance and repair were 841.71% higher in 2018 versus 1967 (a $4,208.54 difference in value).

Between 1967 and 2018: Car maintenance experienced an average inflation rate of 4.50% per year. This rate of change indicates significant inflation. In other words, car maintenance costing $500 in the year 1967 would cost $4,708.54 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 4.04% during this same period, inflation for car maintenance was higher.

Price Inflation for Motor vehicle maintenance and repair since 1967

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1975 (12.61%), 1980 (10.60%), and 1974 (10.30%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Motor vehicle maintenance and repair:

Year 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 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 30.408 32.025 34.083 36.642 39.267 41.067 43.200 47.650 53.658 57.650 61.900 67.033 73.717 81.533 89.200 95.967 100.267 103.750 106.783 110.342 114.767 119.708 124.883 130.117 135.975 141.267 145.850 150.158 154.017 158.350 162.733 167.075 171.867 177.325 183.508 190.225 195.592 200.158 206.917 215.625 222.963 233.859 243.337 247.954 253.099 257.582 261.641 266.025 270.716 275.351 280.827 286.358

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Buying power of $500 since 1967

Below are calculations of equivalent buying power for Car maintenance, over time, for $500 beginning in 1967. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1967 $500.00 -
1968 $526.58 5.32%
1969 $560.43 6.43%
1970 $602.49 7.51%
1971 $645.66 7.16%
1972 $675.25 4.58%
1973 $710.33 5.19%
1974 $783.50 10.30%
1975 $882.30 12.61%
1976 $947.93 7.44%
1977 $1,017.81 7.37%
1978 $1,102.22 8.29%
1979 $1,212.11 9.97%
1980 $1,340.64 10.60%
1981 $1,466.70 9.40%
1982 $1,577.97 7.59%
1983 $1,648.67 4.48%
1984 $1,705.95 3.47%
1985 $1,755.82 2.92%
1986 $1,814.33 3.33%
1987 $1,887.09 4.01%
1988 $1,968.35 4.31%
1989 $2,053.44 4.32%
1990 $2,139.49 4.19%
1991 $2,235.82 4.50%
1992 $2,322.83 3.89%
1993 $2,398.19 3.24%
1994 $2,469.03 2.95%
1995 $2,532.47 2.57%
1996 $2,603.73 2.81%
1997 $2,675.80 2.77%
1998 $2,747.19 2.67%
1999 $2,825.98 2.87%
2000 $2,915.73 3.18%
2001 $3,017.40 3.49%
2002 $3,127.84 3.66%
2003 $3,216.09 2.82%
2004 $3,291.18 2.33%
2005 $3,402.30 3.38%
2006 $3,545.49 4.21%
2007 $3,666.14 3.40%
2008 $3,845.32 4.89%
2009 $4,001.15 4.05%
2010 $4,077.07 1.90%
2011 $4,161.68 2.08%
2012 $4,235.39 1.77%
2013 $4,302.13 1.58%
2014 $4,374.21 1.68%
2015 $4,451.35 1.76%
2016 $4,527.56 1.71%
2017 $4,617.59 1.99%
2018 $4,708.54 1.97%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for car maintenance, 1967-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 1967 * 1967 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Motor vehicle maintenance and repair was 30.408 in the year 1967 and 286.358 in 2018:

286.358 / 30.408 * $500 = $4,708.54

Therefore, according to U.S. Bureau of Labor Statistics, $500 in 1967 has the same "purchasing power" as $4,708.54 in 2018 (in the CPI category of Motor vehicle maintenance and repair).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Motor vehicle maintenance and repair in 1967. In addition to car maintenance, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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