Motor vehicle body work priced at $20 in 2016 $26.26 in 2022

Motor Vehicle Body Work Inflation Calculator


Prices for Motor Vehicle Body Work, 2016-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for motor vehicle body work are 31.29% higher in 2022 versus 2016 (a $6.26 difference in value).

Between 2016 and 2022: Motor vehicle body work experienced an average inflation rate of 4.64% per year. This rate of change indicates significant inflation. In other words, motor vehicle body work costing $20 in the year 2016 would cost $26.26 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.11% during this same period, inflation for motor vehicle body work was higher.

In the year 2016: Pricing changed by 2.42%, which is below the average yearly change for motor vehicle body work during the 2016-2022 time period. Compared to inflation for all items in 2016 (1.26%), 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 (10.09%).

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Buying power of $20.00 since 2016

Below are calculations of equivalent buying power for Motor vehicle body work, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
* 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:


Adjust motor vehicle body work prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2016 * 2016 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Motor vehicle body work was 287.580 in the year 2016 and 377.554 in 2022:

377.554 / 287.580 * $20 = $26.26

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $26.26 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.

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