According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 25.47% lower in 2002 versus 2017.
Between 2002 and 2017: Car parts experienced an average inflation rate of 1.98% per year. In other words, car parts costing $500 in the year 2002 would cost $670.88 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.07% during this same period, car parts inflation was lower.
In the year 2002: Pricing changed by 1.96%, below the average yearly change for car parts during the 2002-2017 time period. Compared to overall inflation for all items in 2002 (1.56%), price inflation for car parts was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Motor vehicle parts and equipment: