According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 27.90% higher in 2017 versus 2005.
Between 2005 and 2017: Car parts experienced an average inflation rate of 2.07% per year. This rate of change indicates significant inflation. In other words, car parts costing $500 in the year 2005 would cost $639.49 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 1.91% during this same period, inflation for car parts was similar.
In the year 2005: Pricing changed by 2.97%, above the average yearly change for car parts during the 2005-2017 time period. Compared to inflation for all items in 2005 (3.39%), 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: