Car servicing priced at $500 in 1979 $2,292.99 in 2024

Car Servicing Inflation Calculator

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Prices for Car Servicing, 1979-2024 ($500)

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.

Price Inflation for Motor vehicle maintenance and servicing since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (10.06%), 1979 (10.01%), and 1981 (8.43%).

View price changes for other categories
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Buying power of $500.00 since 1979

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:

YearUSD ValueInflation Rate
1979$500.0010.01%
1980$550.3110.06%
1981$596.688.43%
1982$637.196.79%
1983$660.453.65%
1984$674.452.12%
1985$688.712.11%
1986$708.432.86%
1987$741.504.67%
1988$774.174.41%
1989$797.993.08%
1990$822.163.03%
1991$859.934.59%
1992$891.943.72%
1993$910.602.09%
1994$922.681.33%
1995$941.752.07%
1996$964.102.37%
1997$983.311.99%
1998$1,017.853.51%
1999$1,043.742.54%
2000$1,069.382.46%
2001$1,109.583.76%
2002$1,150.333.67%
2003$1,180.122.59%
2004$1,201.361.80%
2005$1,243.833.54%
2006$1,286.213.41%
2007$1,328.813.31%
2008$1,400.575.40%
2009$1,461.494.35%
2010$1,480.491.30%
2011$1,500.731.37%
2012$1,533.432.18%
2013$1,557.441.57%
2014$1,579.901.44%
2015$1,599.601.25%
2016$1,621.471.37%
2017$1,656.612.17%
2018$1,698.742.54%
2019$1,769.564.17%
2020$1,821.972.96%
2021$1,887.973.62%
2022$2,013.956.67%
2023$2,179.208.21%
2024$2,292.995.22%*

* 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:

Year197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI66.10069.13876.06283.71590.76996.931100.469102.600104.769107.769112.800117.769121.392125.069130.815135.685138.523140.362143.262146.662149.585154.838158.777162.677168.792174.992179.523182.754189.215195.662202.143213.060222.326225.217228.295233.271236.922240.340243.337246.664252.009258.418269.191277.163287.204306.368331.507348.816

Adjust car servicing prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1979 * 1979 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Motor vehicle maintenance and servicing was 76.062 in the year 1979 and 348.816 in 2024:

348.816 / 76.062 * $500 = $2,292.99

Therefore, according to U.S. Bureau of Labor Statistics, $500 in 1979 has the same "purchasing power" as $2,292.99 in 2024 (in the CPI category of Motor vehicle maintenance and servicing).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Motor vehicle maintenance and servicing in 1977. In addition to car servicing, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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