According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 38.46% higher in 2018 versus 1992.
Between 1992 and 2018: Car parts experienced an average inflation rate of 1.26% per year. In other words, car parts costing $500 in the year 1992 would cost $692.28 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.22% during this same period, inflation for car parts was lower.
In the year 1992: Pricing changed by 0.88%, below the average yearly change for car parts during the 1992-2018 time period. Compared to inflation for all items in 1992 (3.03%), 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: