According to the U.S. Bureau of Labor Statistics, prices for motor vehicle fees were 5.53% higher in 2020 versus 2017 (a $5.53 difference in value).
Between 2017 and 2020: Motor vehicle fees experienced an average inflation rate of 1.81% per year. In other words, motor vehicle fees costing $100 in the year 2017 would cost $105.53 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.73% during this same period, inflation for motor vehicle fees was higher.
In the year 2017: Pricing changed by 1.34%, which is below the average yearly change for motor vehicle fees during the 2017-2020 time period. Compared to inflation for all items in 2017 (2.13%), 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 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|