According to the U.S. Bureau of Labor Statistics, prices for motor vehicle fees were 1.43% higher in 2020 versus 2019 (a $1.43 difference in value).
Between 2019 and 2020: Motor vehicle fees experienced an average inflation rate of 1.43% per year. In other words, motor vehicle fees costing $100 in the year 2019 would cost $101.43 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 0.72% during this same period, inflation for motor vehicle fees was higher.
In the year 2019: Pricing changed by 2.22%, which is above the average yearly change for motor vehicle fees during the 2019-2020 time period. Compared to inflation for all items in 2019 (1.81%), inflation for motor vehicle fees was higher.
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 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|