According to the U.S. Bureau of Labor Statistics, prices for motor vehicle maintenance and servicing are 358.60% higher in 2024 versus 1979 (a $1,792.99 difference in value).
Between 1979 and 2024: Car servicing experienced an average inflation rate of 3.44% per year. This rate of change indicates significant inflation. In other words, car servicing costing $500 in the year 1979 would cost $2,292.99 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.30% during this same period, inflation for car servicing was higher.
In the year 1979: Pricing changed by 10.01%, which is significantly above the average yearly change for car servicing during the 1979-2024 time period. Compared to inflation for all items in 1979 (11.26%), inflation for car servicing was lower.
Below are calculations of equivalent buying power for Car servicing, over time, for $500 beginning in 1979. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1979 | $500.00 | 10.01% |
1980 | $550.31 | 10.06% |
1981 | $596.68 | 8.43% |
1982 | $637.19 | 6.79% |
1983 | $660.45 | 3.65% |
1984 | $674.45 | 2.12% |
1985 | $688.71 | 2.11% |
1986 | $708.43 | 2.86% |
1987 | $741.50 | 4.67% |
1988 | $774.17 | 4.41% |
1989 | $797.99 | 3.08% |
1990 | $822.16 | 3.03% |
1991 | $859.93 | 4.59% |
1992 | $891.94 | 3.72% |
1993 | $910.60 | 2.09% |
1994 | $922.68 | 1.33% |
1995 | $941.75 | 2.07% |
1996 | $964.10 | 2.37% |
1997 | $983.31 | 1.99% |
1998 | $1,017.85 | 3.51% |
1999 | $1,043.74 | 2.54% |
2000 | $1,069.38 | 2.46% |
2001 | $1,109.58 | 3.76% |
2002 | $1,150.33 | 3.67% |
2003 | $1,180.12 | 2.59% |
2004 | $1,201.36 | 1.80% |
2005 | $1,243.83 | 3.54% |
2006 | $1,286.21 | 3.41% |
2007 | $1,328.81 | 3.31% |
2008 | $1,400.57 | 5.40% |
2009 | $1,461.49 | 4.35% |
2010 | $1,480.49 | 1.30% |
2011 | $1,500.73 | 1.37% |
2012 | $1,533.43 | 2.18% |
2013 | $1,557.44 | 1.57% |
2014 | $1,579.90 | 1.44% |
2015 | $1,599.60 | 1.25% |
2016 | $1,621.47 | 1.37% |
2017 | $1,656.61 | 2.17% |
2018 | $1,698.74 | 2.54% |
2019 | $1,769.56 | 4.17% |
2020 | $1,821.97 | 2.96% |
2021 | $1,887.97 | 3.62% |
2022 | $2,013.95 | 6.67% |
2023 | $2,179.20 | 8.21% |
2024 | $2,292.99 | 5.22%* |
* 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 | 2024 |
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 | 331.507 | 348.816 |