According to the U.S. Bureau of Labor Statistics, prices for motor vehicle maintenance and servicing are 196.19% higher in 2024 versus 1988 (a $980.93 difference in value).
Between 1988 and 2024: Car servicing experienced an average inflation rate of 3.06% per year. This rate of change indicates significant inflation. In other words, car servicing costing $500 in the year 1988 would cost $1,480.93 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.74% during this same period, inflation for car servicing was higher.
In the year 1988: Pricing changed by 4.41%, which is above the average yearly change for car servicing during the 1988-2024 time period. Compared to inflation for all items in 1988 (4.08%), inflation for car servicing was higher.
Below are calculations of equivalent buying power for Car servicing, over time, for $500 beginning in 1988. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1988 | $500.00 | 4.41% |
| 1989 | $515.38 | 3.08% |
| 1990 | $530.99 | 3.03% |
| 1991 | $555.39 | 4.59% |
| 1992 | $576.06 | 3.72% |
| 1993 | $588.11 | 2.09% |
| 1994 | $595.92 | 1.33% |
| 1995 | $608.23 | 2.07% |
| 1996 | $622.66 | 2.37% |
| 1997 | $635.08 | 1.99% |
| 1998 | $657.38 | 3.51% |
| 1999 | $674.10 | 2.54% |
| 2000 | $690.66 | 2.46% |
| 2001 | $716.62 | 3.76% |
| 2002 | $742.95 | 3.67% |
| 2003 | $762.18 | 2.59% |
| 2004 | $775.90 | 1.80% |
| 2005 | $803.33 | 3.54% |
| 2006 | $830.70 | 3.41% |
| 2007 | $858.22 | 3.31% |
| 2008 | $904.56 | 5.40% |
| 2009 | $943.90 | 4.35% |
| 2010 | $956.18 | 1.30% |
| 2011 | $969.25 | 1.37% |
| 2012 | $990.37 | 2.18% |
| 2013 | $1,005.87 | 1.57% |
| 2014 | $1,020.38 | 1.44% |
| 2015 | $1,033.11 | 1.25% |
| 2016 | $1,047.23 | 1.37% |
| 2017 | $1,069.93 | 2.17% |
| 2018 | $1,097.14 | 2.54% |
| 2019 | $1,142.87 | 4.17% |
| 2020 | $1,176.72 | 2.96% |
| 2021 | $1,219.35 | 3.62% |
| 2022 | $1,300.71 | 6.67% |
| 2023 | $1,407.44 | 8.21% |
| 2024 | $1,480.93 | 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 |