According to the U.S. Bureau of Labor Statistics, prices for motor vehicle fees were 10.87% higher in 2020 versus 2014 (a $10.87 difference in value).
Between 2014 and 2020: Motor vehicle fees experienced an average inflation rate of 1.73% per year. In other words, motor vehicle fees costing $100 in the year 2014 would cost $110.87 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.41% during this same period, inflation for motor vehicle fees was higher.
In the year 2014: Pricing changed by 0.95%, which is below the average yearly change for motor vehicle fees during the 2014-2020 time period. Compared to inflation for all items in 2014 (1.62%), inflation for motor vehicle fees was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Motor vehicle fees:
Below are calculations of equivalent buying power for Motor vehicle fees, over time, for $100 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|