According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 41.62% higher in 2017 versus 1981.
Between 1981 and 2017: Car parts experienced an average inflation rate of 0.97% per year. In other words, car parts costing $500 in the year 1981 would cost $708.11 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.79% during this same period, inflation for car parts was lower.
In the year 1981: Pricing changed by 6.08%, significantly above the average yearly change for car parts during the 1981-2017 time period. Compared to inflation for all items in 1981 (10.33%), 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: