According to the U.S. Bureau of Labor Statistics, prices for motor vehicle maintenance and servicing are 389.74% higher in 2023 versus 1977 (a $1,948.72 difference in value).
Between 1977 and 2023: Car servicing experienced an average inflation rate of 3.51% per year. This rate of change indicates significant inflation. In other words, car servicing costing $500 in the year 1977 would cost $2,448.72 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.54% during this same period, inflation for car servicing was lower.
Below are calculations of equivalent buying power for Car servicing, over time, for $500 beginning in 1977. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1977 | $500.00 | - |
| 1978 | $522.98 | 4.60% |
| 1979 | $575.35 | 10.01% |
| 1980 | $633.25 | 10.06% |
| 1981 | $686.61 | 8.43% |
| 1982 | $733.21 | 6.79% |
| 1983 | $759.98 | 3.65% |
| 1984 | $776.10 | 2.12% |
| 1985 | $792.51 | 2.11% |
| 1986 | $815.20 | 2.86% |
| 1987 | $853.25 | 4.67% |
| 1988 | $890.84 | 4.41% |
| 1989 | $918.25 | 3.08% |
| 1990 | $946.06 | 3.03% |
| 1991 | $989.53 | 4.59% |
| 1992 | $1,026.36 | 3.72% |
| 1993 | $1,047.83 | 2.09% |
| 1994 | $1,061.74 | 1.33% |
| 1995 | $1,083.67 | 2.07% |
| 1996 | $1,109.39 | 2.37% |
| 1997 | $1,131.50 | 1.99% |
| 1998 | $1,171.24 | 3.51% |
| 1999 | $1,201.04 | 2.54% |
| 2000 | $1,230.54 | 2.46% |
| 2001 | $1,276.80 | 3.76% |
| 2002 | $1,323.69 | 3.67% |
| 2003 | $1,357.97 | 2.59% |
| 2004 | $1,382.40 | 1.80% |
| 2005 | $1,431.28 | 3.54% |
| 2006 | $1,480.04 | 3.41% |
| 2007 | $1,529.07 | 3.31% |
| 2008 | $1,611.65 | 5.40% |
| 2009 | $1,681.74 | 4.35% |
| 2010 | $1,703.61 | 1.30% |
| 2011 | $1,726.89 | 1.37% |
| 2012 | $1,764.53 | 2.18% |
| 2013 | $1,792.15 | 1.57% |
| 2014 | $1,818.00 | 1.44% |
| 2015 | $1,840.67 | 1.25% |
| 2016 | $1,865.84 | 1.37% |
| 2017 | $1,906.27 | 2.17% |
| 2018 | $1,954.75 | 2.54% |
| 2019 | $2,036.24 | 4.17% |
| 2020 | $2,096.54 | 2.96% |
| 2021 | $2,172.49 | 3.62% |
| 2022 | $2,317.46 | 6.67% |
| 2023 | $2,448.72 | 5.66%* |
* 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 maintenance and servicing:
| Year | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| CPI | 66.100 | 69.138 | 76.062 | 83.715 | 90.769 | 96.931 | 100.469 | 102.600 | 104.769 | 107.769 | 112.800 | 117.769 | 121.392 | 125.069 | 130.815 | 135.685 | 138.523 | 140.362 | 143.262 | 146.662 | 149.585 | 154.838 | 158.777 | 162.677 | 168.792 | 174.992 | 179.523 | 182.754 | 189.215 | 195.662 | 202.143 | 213.060 | 222.326 | 225.217 | 228.295 | 233.271 | 236.922 | 240.340 | 243.337 | 246.664 | 252.009 | 258.418 | 269.191 | 277.163 | 287.204 | 306.368 | 323.721 |