According to the U.S. Bureau of Labor Statistics, prices for motor vehicle maintenance and servicing are 223.67% higher in 2024 versus 1986 (a $1,118.35 difference in value).
Between 1986 and 2024: Car servicing experienced an average inflation rate of 3.14% per year. This rate of change indicates significant inflation. In other words, car servicing costing $500 in the year 1986 would cost $1,618.35 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.80% during this same period, inflation for car servicing was higher.
In the year 1986: Pricing changed by 2.86%, which is below the average yearly change for car servicing during the 1986-2024 time period. Compared to inflation for all items in 1986 (1.90%), inflation for car servicing was higher.
Below are calculations of equivalent buying power for Car servicing, over time, for $500 beginning in 1986. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1986 | $500.00 | 2.86% |
1987 | $523.34 | 4.67% |
1988 | $546.40 | 4.41% |
1989 | $563.20 | 3.08% |
1990 | $580.26 | 3.03% |
1991 | $606.92 | 4.59% |
1992 | $629.51 | 3.72% |
1993 | $642.68 | 2.09% |
1994 | $651.21 | 1.33% |
1995 | $664.67 | 2.07% |
1996 | $680.44 | 2.37% |
1997 | $694.00 | 1.99% |
1998 | $718.38 | 3.51% |
1999 | $736.65 | 2.54% |
2000 | $754.75 | 2.46% |
2001 | $783.12 | 3.76% |
2002 | $811.88 | 3.67% |
2003 | $832.91 | 2.59% |
2004 | $847.89 | 1.80% |
2005 | $877.87 | 3.54% |
2006 | $907.78 | 3.41% |
2007 | $937.85 | 3.31% |
2008 | $988.50 | 5.40% |
2009 | $1,031.49 | 4.35% |
2010 | $1,044.90 | 1.30% |
2011 | $1,059.19 | 1.37% |
2012 | $1,082.27 | 2.18% |
2013 | $1,099.21 | 1.57% |
2014 | $1,115.07 | 1.44% |
2015 | $1,128.97 | 1.25% |
2016 | $1,144.41 | 1.37% |
2017 | $1,169.21 | 2.17% |
2018 | $1,198.94 | 2.54% |
2019 | $1,248.92 | 4.17% |
2020 | $1,285.91 | 2.96% |
2021 | $1,332.49 | 3.62% |
2022 | $1,421.41 | 6.67% |
2023 | $1,538.04 | 8.21% |
2024 | $1,618.35 | 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 |