According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 40.98% higher in 2017 versus 2000.
Between 2000 and 2017: Car parts experienced an average inflation rate of 2.04% per year. This rate of change indicates significant inflation. In other words, car parts costing $500 in the year 2000 would cost $704.89 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.10% 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 2000-2017 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: