Car maintenance priced at $500 in 1997 $875.28 in 2018

Historical Price Inflation for Car maintenance

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Prices for Car Maintenance, 1997-2018 ($500)

According to the U.S. Bureau of Labor Statistics, prices for motor vehicle maintenance and repair were 75.06% higher in 2018 versus 1997 (a $375.28 difference in value).

Between 1997 and 2018: Car maintenance experienced an average inflation rate of 2.70% per year. This rate of change indicates significant inflation. In other words, car maintenance costing $500 in the year 1997 would cost $875.28 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.14% during this same period, inflation for car maintenance was higher.

In the year 1997: Pricing changed by 2.75%, which is above the average yearly change for car maintenance during the 1997-2018 time period. Compared to inflation for all items in 1997 (2.33%), inflation for car maintenance was higher.

Price Inflation for Motor vehicle maintenance and repair since 1935

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1975 (12.64%), 1980 (10.61%), and 1974 (10.23%).

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

Year 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 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 13.100 13.100 13.100 13.100 13.100 13.100 13.600 14.800 15.000 15.200 15.300 15.800 17.217 18.180 18.560 18.980 20.440 20.900 22.060 22.780 23.260 24.240 25.100 25.440 26.020 26.500 27.180 27.460 27.860 28.233 28.800 29.280 30.392 32.031 34.100 36.631 39.262 41.054 43.215 47.638 53.662 57.623 61.908 67.015 73.723 81.546 89.223 95.969 100.269 103.754 106.785 110.338 114.769 119.708 124.877 130.108 135.985 141.269 145.854 150.162 154.015 158.369 162.731 167.069 171.862 177.315 183.515 190.215 195.592 200.162 206.915 215.623 222.963 233.859 243.337 247.954 253.099 257.582 261.641 266.025 270.717 275.351 280.827 284.870

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Buying power of $500 since 1997

Below are calculations of equivalent buying power for Car maintenance, over time, for $500 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 $500.00 2.75%
1998 $513.33 2.67%
1999 $528.05 2.87%
2000 $544.81 3.17%
2001 $563.86 3.50%
2002 $584.45 3.65%
2003 $600.97 2.83%
2004 $615.01 2.34%
2005 $635.76 3.37%
2006 $662.51 4.21%
2007 $685.07 3.40%
2008 $718.55 4.89%
2009 $747.67 4.05%
2010 $761.85 1.90%
2011 $777.66 2.08%
2012 $791.44 1.77%
2013 $803.91 1.58%
2014 $817.38 1.68%
2015 $831.79 1.76%
2016 $846.03 1.71%
2017 $862.86 1.99%
2018 $875.28 1.44%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for car maintenance, 1997-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 1997 * 1997 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Motor vehicle maintenance and repair was 162.731 in the year 1997 and 284.870 in 2018:

284.870 / 162.731 * $500 = $875.28

Therefore, according to U.S. Bureau of Labor Statistics, $500 in 1997 has the same "purchasing power" as $875.28 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 1935. 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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