According to the U.S. Bureau of Labor Statistics, prices for motor vehicle fees were 4.75% higher in 2021 versus 2018 (a $4.75 difference in value).
Between 2018 and 2021: Motor vehicle fees experienced an average inflation rate of 1.56% per year. In other words, motor vehicle fees costing $100 in the year 2018 would cost $104.75 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.19% during this same period, inflation for motor vehicle fees was lower.
In the year 2018: Pricing changed by 1.97%, which is above the average yearly change for motor vehicle fees during the 2018-2021 time period. Compared to inflation for all items in 2018 (2.44%), 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 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|