According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 40.42% higher in 2018 versus 1993.
Between 1993 and 2018: Car parts experienced an average inflation rate of 1.37% per year. In other words, car parts costing $500 in the year 1993 would cost $702.08 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.19% during this same period, inflation for car parts was lower.
In the year 1993: Pricing changed by -1.40%, below the average yearly change for car parts during the 1993-2018 time period. Compared to inflation for all items in 1993 (2.95%), 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: