Car parts priced at $500 in 1988 $732.74 in 2017

Historical Price Inflation for Car parts

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Prices for Car Parts, 1988-2017 ($500)

According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 31.76% lower in 1988 versus 2017.

Car parts experienced an average inflation rate of 1.33% per year between 1988 and 2017. In other words, car parts costing $500 in the year 1988 would cost $732.74 in 2017 for an equivalent purchase.

Pricing changed by 1.82% in 1988, above the yearly average change for car parts during the 1988-2017 time period. Compared to overall inflation for all items in 1988 (3.92%), price inflation for car parts was lower.

Price Inflation for Motor vehicle parts and equipment since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (10.71%), 1979 (8.79%), and 1981 (5.73%).

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

Year 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 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
CPI 75.300 77.592 85.069 95.277 101.069 103.615 100.777 95.615 95.908 95.415 96.085 97.869 100.215 100.900 102.154 103.054 101.615 101.362 102.115 102.200 101.885 101.123 100.500 101.531 104.800 106.892 107.815 108.685 111.915 117.269 121.583 128.747 134.050 136.995 143.909 148.560 146.422 144.823 144.236 143.555 143.424

View price changes for other categories
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How to calculate the inflation rate for car parts, 1988-2017

Start with the inflation rate formula:

CPI in 2017 / CPI in 1988 * 1988 USD value = 2017 USD value

Then plug in historical CPI values from above. The CPI for Motor vehicle parts and equipment was 97.869 in the year 1988 and 143.424 in 2017:

143.424 / 97.869 * $500 = $732.74

Therefore, according to U.S. Bureau of Labor Statistics, the "purchasing power" of $500 from 1988 is $732.74 in 2017 (in the 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 1977. In addition to car parts, the index produces monthly data on changes in prices paid by urban consumers for a variety of other goods and services.

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