According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 40.12% higher in 2017 versus 1991.
Between 1991 and 2017: Car parts experienced an average inflation rate of 1.31% per year. In other words, car parts costing $500 in the year 1991 would cost $700.60 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.28% during this same period, inflation for car parts was lower.
In the year 1991: Pricing changed by 1.24%, below the average yearly change for car parts during the 1991-2017 time period. Compared to inflation for all items in 1991 (4.23%), price inflation for car parts was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Motor vehicle parts and equipment: