Car parts priced at $500 in 1991 $703.19 in 2018

Historical Price Inflation for Car parts

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Prices for Car Parts, 1991-2018 ($500)

According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 40.64% higher in 2018 versus 1991 (a $203.19 difference in value).

Between 1991 and 2018: Car parts experienced an average inflation rate of 1.27% per year. In other words, car parts costing $500 in the year 1991 would cost $703.19 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.29% during this same period, inflation for car parts was lower.

Price Inflation for Motor vehicle parts and equipment since 1991

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2008 (5.89%), 2011 (5.05%), and 2006 (4.78%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Motor vehicle parts and equipment:

Year 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CPI 102.150 103.058 101.617 101.358 102.108 102.192 101.883 101.125 100.500 101.533 104.800 106.892 107.817 108.683 111.917 117.267 121.583 128.747 134.049 136.995 143.909 148.560 146.422 144.823 144.236 143.555 143.041 143.662

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Buying power of $500 since 1991

Below are calculations of equivalent buying power for Car parts, over time, for $500 beginning in 1991. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1991 $500.00 -
1992 $504.45 0.89%
1993 $497.39 -1.40%
1994 $496.12 -0.25%
1995 $499.80 0.74%
1996 $500.20 0.08%
1997 $498.69 -0.30%
1998 $494.98 -0.74%
1999 $491.92 -0.62%
2000 $496.98 1.03%
2001 $512.97 3.22%
2002 $523.21 2.00%
2003 $527.74 0.87%
2004 $531.98 0.80%
2005 $547.81 2.98%
2006 $573.99 4.78%
2007 $595.12 3.68%
2008 $630.19 5.89%
2009 $656.14 4.12%
2010 $670.56 2.20%
2011 $704.40 5.05%
2012 $727.16 3.23%
2013 $716.70 -1.44%
2014 $708.87 -1.09%
2015 $706.00 -0.41%
2016 $702.67 -0.47%
2017 $700.15 -0.36%
2018 $703.19 0.43%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for car parts, 1991-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 1991 * 1991 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Motor vehicle parts and equipment was 102.150 in the year 1991 and 143.662 in 2018:

143.662 / 102.150 * $500 = $703.19

Therefore, according to U.S. Bureau of Labor Statistics, $500 in 1991 has the same "purchasing power" as $703.19 in 2018 (in the CPI category of Motor vehicle parts and equipment).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Motor vehicle parts and equipment in 1991. In addition to car parts, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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