According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 41.21% higher in 2017 versus 1994.
Between 1994 and 2017: Car parts experienced an average inflation rate of 1.51% per year. In other words, car parts costing $500 in the year 1994 would cost $706.07 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.21% during this same period, inflation for car parts was lower.
In the year 1994: Pricing changed by -0.25%, below the average yearly change for car parts during the 1994-2017 time period. Compared to inflation for all items in 1994 (2.60%), 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: