According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 29.53% lower in 1981 versus 2017.
Between 1981 and 2017: Car parts experienced an average inflation rate of 0.98% per year. In other words, car parts costing $500 in the year 1981 would cost $709.54 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.79% during this same period, car parts inflation was lower.
In the year 1981: Pricing changed by 5.73%, significantly above the average yearly change for car parts during the 1981-2017 time period. Compared to overall inflation for all items in 1981 (9.37%), price inflation for car parts was much lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Motor vehicle parts and equipment: