According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 33.57% lower in 1980 versus 2017.
Between 1980 and 2017: Car parts experienced an average inflation rate of 1.11% per year. In other words, car parts costing $500 in the year 1980 would cost $752.67 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.98% during this same period, car parts inflation was lower.
In the year 1980: Pricing changed by 10.71%, significantly above the average yearly change for car parts during the 1980-2017 time period. Compared to overall inflation for all items in 1980 (11.93%), 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: