Motor vehicle fees price inflation, 2003→2024

Motor Vehicle Fees Inflation Calculator

Prices for Motor Vehicle Fees, 2003-2024 ($100)

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.

Price Inflation for Motor vehicle fees since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 2004 (12.48%), 2009 (6.76%), and 2010 (6.30%).

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Buying power of $100.00 since 2003

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

Adjust motor vehicle fees prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2003 * 2003 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Motor vehicle fees was 116.462 in the year 2003 and 212.615 in 2024:

212.615 / 116.462 * $100 = $182.56

Therefore, according to U.S. Bureau of Labor Statistics, $100 in 2003 has the same "purchasing power" as $182.56 in 2024 (in the CPI category of Motor vehicle fees).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Motor vehicle fees in 1997. In addition to motor vehicle fees, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.