According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 29.93% lower in 1999 versus 2017.
Between 1999 and 2017: Car parts experienced an average inflation rate of 2% per year. In other words, car parts costing $500 in the year 1999 would cost $713.55 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.16% during this same period, car parts inflation was lower.
In the year 1999: Pricing changed by -0.62%, below the average yearly change for car parts during the 1999-2017 time period. Compared to overall inflation for all items in 1999 (2.14%), 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: