Motor vehicle body work priced at $20 in 2018 $21.28 in 2020

Motor Vehicle Body Work Inflation Calculator


Prices for Motor Vehicle Body Work, 2018-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for motor vehicle body work were 6.40% higher in 2020 versus 2018 (a $1.28 difference in value).

Between 2018 and 2020: Motor vehicle body work experienced an average inflation rate of 3.15% per year. This rate of change indicates significant inflation. In other words, motor vehicle body work costing $20 in the year 2018 would cost $21.28 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.46% during this same period, inflation for motor vehicle body work was higher.

Price Inflation for Motor vehicle body work since 2018

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2019 (3.55%), and 2020 (2.76%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Motor vehicle body work:

Year 2018 2019 2020
CPI 302.730 313.465 322.106

View price changes for other categories
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Buying power of $20 since 2018

Below are calculations of equivalent buying power for Motor vehicle body work, over time, for $20 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2018 $20.00 -
2019 $20.71 3.55%
2020 $21.28 2.76%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for motor vehicle body work, 2018-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 2018 * 2018 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Motor vehicle body work was 302.730 in the year 2018 and 322.106 in 2020:

322.106 / 302.730 * $20 = $21.28

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2018 has the same "purchasing power" as $21.28 in 2020 (in the CPI category of Motor vehicle body work).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Motor vehicle body work in 2018. In addition to motor vehicle body work, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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