According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 28.96% lower in 1997 versus 2017.
Between 1997 and 2017: Car parts experienced an average inflation rate of 1.72% per year. In other words, car parts costing $500 in the year 1997 would cost $703.86 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.13% during this same period, car parts inflation 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 overall inflation for all items in 1997 (2.28%), 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: