According to the U.S. Bureau of Labor Statistics, prices for motor vehicle body work were 2.45% higher in 2021 versus 2020 (a $0.49 difference in value).
Between 2020 and 2021: Motor vehicle body work experienced an average inflation rate of 2.45% per year. This rate of change indicates significant inflation. In other words, motor vehicle body work costing $20 in the year 2020 would cost $20.49 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.06% during this same period, inflation for motor vehicle body work was higher.
In the year 2020: Pricing changed by 3.58%, which is above the average yearly change for motor vehicle body work during the 2020-2021 time period. Compared to inflation for all items in 2020 (1.23%), inflation for motor vehicle body work was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Motor vehicle body work:
Below are calculations of equivalent buying power for Motor vehicle body work, over time, for $20 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|