According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 40.53% higher in 2018 versus 2000.
Between 2000 and 2018: Car parts experienced an average inflation rate of 1.91% per year. In other words, car parts costing $500 in the year 2000 would cost $702.67 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.06% during this same period, inflation for car parts was lower.
In the year 2000: Pricing changed by 1.03%, below the average yearly change for car parts during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), 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: