Motor vehicle body work priced at $20 in 2008 $34.72 in 2024

Motor Vehicle Body Work Inflation Calculator

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Prices for Motor Vehicle Body Work, 2008-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for motor vehicle body work are 73.58% higher in 2024 versus 2008 (a $14.72 difference in value).

Between 2008 and 2024: Motor vehicle body work experienced an average inflation rate of 3.51% per year. This rate of change indicates significant inflation. In other words, motor vehicle body work costing $20 in the year 2008 would cost $34.72 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.37% during this same period, inflation for motor vehicle body work was higher.

In the year 2008: Pricing changed by 3.23%, which is below the average yearly change for motor vehicle body work during the 2008-2024 time period. Compared to inflation for all items in 2008 (3.84%), inflation for motor vehicle body work was lower.

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%), 2022 (12.53%), and 1979 (10.99%).

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Buying power of $20.00 since 2008

Below are calculations of equivalent buying power for Motor vehicle body work, over time, for $20 beginning in 2008. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2008$20.003.23%
2009$20.743.68%
2010$21.222.35%
2011$21.692.17%
2012$22.101.93%
2013$22.612.28%
2014$23.192.58%
2015$23.431.02%
2016$23.992.42%
2017$24.572.39%
2018$25.262.81%
2019$26.153.55%
2020$27.093.58%
2021$28.615.63%
2022$32.2012.53%
2023$34.326.58%
2024$34.721.16%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.


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

Year197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI60.50063.53170.51579.41587.02394.946100.492104.592108.762112.115117.223123.377130.538135.892140.285143.831147.892153.562158.900166.031172.869179.469182.208187.785194.854199.600202.938208.238215.031224.769232.233239.732248.548254.398259.930264.941270.976277.958280.793287.580294.463302.730313.465324.686342.961385.940411.339416.127

Adjust motor vehicle body work prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2008 * 2008 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Motor vehicle body work was 239.732 in the year 2008 and 416.127 in 2024:

416.127 / 239.732 * $20 = $34.72

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2008 has the same "purchasing power" as $34.72 in 2024 (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.

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