Motor vehicle fees priced at $100 in 2023 $102.82 in 2024

Motor Vehicle Fees Inflation Calculator

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Prices for Motor Vehicle Fees, 2023-2024 ($100)

According to the U.S. Bureau of Labor Statistics, prices for motor vehicle fees are 2.82% higher in 2024 versus 2023 (a $2.82 difference in value).

Between 2023 and 2024: Motor vehicle fees experienced an average inflation rate of 2.82% per year. This rate of change indicates significant inflation. In other words, motor vehicle fees costing $100 in the year 2023 would cost $102.82 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.83% during this same period, inflation for motor vehicle fees was lower.

In the year 2023: Pricing changed by 2.67%, which is below the average yearly change for motor vehicle fees during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for motor vehicle fees was lower.

Price Inflation for Motor vehicle fees since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2004 (12.48%), 2009 (6.76%), and 2010 (6.30%).

View price changes for other categories
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Buying power of $100.00 since 2023

Below are calculations of equivalent buying power for Motor vehicle fees, over time, for $100 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2023$100.002.67%
2024$102.822.82%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.


Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Motor vehicle fees:

Year1997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI100.000102.469103.777107.331109.300112.523116.462131.000134.700138.754141.198145.830155.694165.505167.301172.062174.789176.452178.895182.581185.023188.673192.862195.596198.005201.382206.760212.600

Adjust motor vehicle fees prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2023 * 2023 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Motor vehicle fees was 206.760 in the year 2023 and 212.600 in 2024:

212.600 / 206.760 * $100 = $102.82

Therefore, according to U.S. Bureau of Labor Statistics, $100 in 2023 has the same "purchasing power" as $102.82 in 2024 (in the CPI category of Motor vehicle fees).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Motor vehicle fees in 1997. In addition to motor vehicle fees, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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