According to the U.S. Bureau of Labor Statistics, prices for motor vehicle fees were 12.90% higher in 2021 versus 2013 (a $12.90 difference in value).
Between 2013 and 2021: Motor vehicle fees experienced an average inflation rate of 1.53% per year. In other words, motor vehicle fees costing $100 in the year 2013 would cost $112.90 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.54% during this same period, inflation for motor vehicle fees was lower.
In the year 2013: Pricing changed by 1.58%, which is above the average yearly change for motor vehicle fees during the 2013-2021 time period. Compared to inflation for all items in 2013 (1.46%), inflation for motor vehicle fees was higher.
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 |
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 | 197.331 |
Below are calculations of equivalent buying power for Motor vehicle fees, over time, for $100 beginning in 2013. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2013 | $100.00 | 1.58% |
2014 | $100.95 | 0.95% |
2015 | $102.35 | 1.38% |
2016 | $104.46 | 2.06% |
2017 | $105.86 | 1.34% |
2018 | $107.94 | 1.97% |
2019 | $110.34 | 2.22% |
2020 | $111.90 | 1.42% |
2021 | $112.90 | 0.89%* |