According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 40.49% higher in 2017 versus 1997.
Between 1997 and 2017: Car parts experienced an average inflation rate of 1.71% per year. In other words, car parts costing $500 in the year 1997 would cost $702.45 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.14% during this same period, inflation for car parts was lower.
In the year 1997: Pricing changed by -0.31%, below the average yearly change for car parts during the 1997-2017 time period. Compared to inflation for all items in 1997 (2.33%), 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: