According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 4.62% higher in 2018 versus 2010 (a $23.12 difference in value).
Between 2010 and 2018: Car parts experienced an average inflation rate of 0.57% per year. In other words, car parts costing $500 in the year 2010 would cost $523.12 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.75% during this same period, inflation for car parts was lower.
In the year 2010: Pricing changed by 2.20%, which is above the average yearly change for car parts during the 2010-2018 time period. Compared to inflation for all items in 2010 (1.64%), inflation for car parts was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Motor vehicle parts and equipment:
Below are calculations of equivalent buying power for Car parts, over time, for $500 beginning in 2010. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|