According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 29.33% lower in 1994 versus 2017.
Between 1994 and 2017: Car parts experienced an average inflation rate of 1.52% per year. In other words, car parts costing $500 in the year 1994 would cost $707.49 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.20% during this same period, car parts inflation 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 overall inflation for all items in 1994 (2.54%), 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: