According to the U.S. Bureau of Labor Statistics, prices for motor vehicle maintenance and repair were 5.82% higher in 2019 versus 2016 (a $29.10 difference in value).
Between 2016 and 2019: Car maintenance experienced an average inflation rate of 1.90% per year. In other words, car maintenance costing $500 in the year 2016 would cost $529.10 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 1.67% during this same period, inflation for car maintenance was higher.
In the year 2016: Pricing changed by 1.71%, which is below the average yearly change for car maintenance during the 2016-2019 time period. Compared to inflation for all items in 2016 (1.26%), inflation for car maintenance was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Motor vehicle maintenance and repair:
Below are calculations of equivalent buying power for Car maintenance, over time, for $500 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|