According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 41.58% higher in 2018 versus 1983.
Between 1983 and 2018: Car parts experienced an average inflation rate of 1% per year. In other words, car parts costing $500 in the year 1983 would cost $707.92 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.65% during this same period, inflation for car parts was lower.
In the year 1983: Pricing changed by -2.74%, significantly below the average yearly change for car parts during the 1983-2018 time period. Compared to inflation for all items in 1983 (3.21%), 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: