According to the U.S. Bureau of Labor Statistics, prices for motor vehicle fees are 82.56% higher in 2024 versus 2003 (a $82.56 difference in value).
Between 2003 and 2024: Motor vehicle fees experienced an average inflation rate of 2.91% per year. This rate of change indicates significant inflation. In other words, motor vehicle fees costing $100 in the year 2003 would cost $182.56 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.57% during this same period, inflation for motor vehicle fees was higher.
In the year 2003: Pricing changed by 3.50%, which is above the average yearly change for motor vehicle fees during the 2003-2024 time period. Compared to inflation for all items in 2003 (2.27%), inflation for motor vehicle fees was higher.
Below are calculations of equivalent buying power for Motor vehicle fees, over time, for $100 beginning in 2003. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2003 | $100.00 | 3.50% |
2004 | $112.48 | 12.48% |
2005 | $115.66 | 2.82% |
2006 | $119.14 | 3.01% |
2007 | $121.24 | 1.76% |
2008 | $125.22 | 3.28% |
2009 | $133.69 | 6.76% |
2010 | $142.11 | 6.30% |
2011 | $143.65 | 1.09% |
2012 | $147.74 | 2.85% |
2013 | $150.08 | 1.58% |
2014 | $151.51 | 0.95% |
2015 | $153.61 | 1.38% |
2016 | $156.77 | 2.06% |
2017 | $158.87 | 1.34% |
2018 | $162.00 | 1.97% |
2019 | $165.60 | 2.22% |
2020 | $167.95 | 1.42% |
2021 | $170.02 | 1.23% |
2022 | $172.92 | 1.71% |
2023 | $177.53 | 2.67% |
2024 | $182.56 | 2.83%* |
* 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 fees:
Year | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
CPI | 100.000 | 102.469 | 103.777 | 107.331 | 109.300 | 112.523 | 116.462 | 131.000 | 134.700 | 138.754 | 141.198 | 145.830 | 155.694 | 165.505 | 167.301 | 172.062 | 174.789 | 176.452 | 178.895 | 182.581 | 185.023 | 188.673 | 192.862 | 195.596 | 198.005 | 201.382 | 206.760 | 212.615 |