Motor vehicle body work priced at $20 in 1998 $42.30 in 2022

Motor Vehicle Body Work Inflation Calculator

$

Prices for Motor Vehicle Body Work, 1998-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for motor vehicle body work are 111.52% higher in 2022 versus 1998 (a $22.30 difference in value).

Between 1998 and 2022: Motor vehicle body work experienced an average inflation rate of 3.17% per year. This rate of change indicates significant inflation. In other words, motor vehicle body work costing $20 in the year 1998 would cost $42.30 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.42% during this same period, inflation for motor vehicle body work was higher.

In the year 1998: Pricing changed by 3.82%, which is above the average yearly change for motor vehicle body work during the 1998-2022 time period. Compared to inflation for all items in 1998 (1.55%), inflation for motor vehicle body work was higher.

Price Inflation for Motor vehicle body work since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (12.62%), 1979 (10.99%), and 2022 (10.69%).

View price changes for other categories
Food · Wireless telephone services · Gasoline (all types) · Film and photographic supplies · More

Buying power of $20.00 since 1998

Below are calculations of equivalent buying power for Motor vehicle body work, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1998$20.003.82%
1999$20.311.53%
2000$20.933.06%
2001$21.713.76%
2002$22.242.44%
2003$22.621.67%
2004$23.212.61%
2005$23.963.26%
2006$25.054.53%
2007$25.883.32%
2008$26.723.23%
2009$27.703.68%
2010$28.352.35%
2011$28.972.17%
2012$29.521.93%
2013$30.202.28%
2014$30.982.58%
2015$31.291.02%
2016$32.052.42%
2017$32.812.39%
2018$33.742.81%
2019$34.933.55%
2020$36.183.58%
2021$38.225.63%
2022$42.3010.69%*
* Not final. See inflation summary for latest details.

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

Year1977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI60.50063.53170.51579.41587.02394.946100.492104.592108.762112.115117.223123.377130.538135.892140.285143.831147.892153.562158.900166.031172.869179.469182.208187.785194.854199.600202.938208.238215.031224.769232.233239.732248.548254.398259.930264.941270.976277.958280.793287.580294.463302.730313.465324.686342.961379.622

Adjust motor vehicle body work prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1998 * 1998 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Motor vehicle body work was 179.469 in the year 1998 and 379.622 in 2022:

379.622 / 179.469 * $20 = $42.30

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1998 has the same "purchasing power" as $42.30 in 2022 (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 1977. 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.

» Read more about inflation and investment.