According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 40.69% lower in 1979 versus 2017.
Between 1979 and 2017: Car parts experienced an average inflation rate of 1.38% per year. In other words, car parts costing $500 in the year 1979 would cost $842.99 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 3.25% during this same period, car parts inflation was lower.
In the year 1979: Pricing changed by 8.79%, significantly above the average yearly change for car parts during the 1979-2017 time period. Compared to overall inflation for all items in 1979 (10.12%), price inflation for car parts was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Motor vehicle parts and equipment: