According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 1.13% higher in 2019 versus 2011 (a $5.63 difference in value).
Between 2011 and 2019: Car parts experienced an average inflation rate of 0.14% per year. In other words, car parts costing $500 in the year 2011 would cost $505.63 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 1.44% during this same period, inflation for car parts was lower.
In the year 2011: Pricing changed by 5.05%, which is significantly above the average yearly change for car parts during the 2011-2019 time period. Compared to inflation for all items in 2011 (3.16%), 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 2011. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|