Car servicing priced at $500 in 1999 $897.33 in 2021

Car Servicing Inflation Calculator

$

Prices for Car Servicing, 1999-2021 ($500)

According to the U.S. Bureau of Labor Statistics, prices for motor vehicle maintenance and servicing were 79.47% higher in 2021 versus 1999 (a $397.33 difference in value).

Between 1999 and 2021: Car servicing experienced an average inflation rate of 2.69% per year. This rate of change indicates significant inflation. In other words, car servicing costing $500 in the year 1999 would cost $897.33 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.20% during this same period, inflation for car servicing was higher.

In the year 1999: Pricing changed by 2.54%, which is below the average yearly change for car servicing during the 1999-2021 time period. Compared to inflation for all items in 1999 (2.19%), inflation for car servicing was higher.

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%).

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
CPI 66.100 69.138 76.062 83.715 90.769 96.931 100.469 102.600 104.769 107.769 112.800 117.769 121.392 125.069 130.815 135.685 138.523 140.362 143.262 146.662 149.585 154.838 158.777 162.677 168.792 174.992 179.523 182.754 189.215 195.662 202.143 213.060 222.326 225.217 228.295 233.271 236.922 240.340 243.337 246.664 252.009 258.418 269.191 277.163 284.952

View price changes for other categories
Bananas · Philadelphia, Pennsylvania · Wine at home · Atlanta, Georgia · More

Buying power of $500 since 1999

Below are calculations of equivalent buying power for Car servicing, over time, for $500 beginning in 1999. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1999 $500.00 2.54%
2000 $512.28 2.46%
2001 $531.54 3.76%
2002 $551.06 3.67%
2003 $565.33 2.59%
2004 $575.51 1.80%
2005 $595.85 3.54%
2006 $616.15 3.41%
2007 $636.56 3.31%
2008 $670.94 5.40%
2009 $700.12 4.35%
2010 $709.22 1.30%
2011 $718.92 1.37%
2012 $734.59 2.18%
2013 $746.08 1.57%
2014 $756.85 1.44%
2015 $766.28 1.25%
2016 $776.76 1.37%
2017 $793.59 2.17%
2018 $813.78 2.54%
2019 $847.70 4.17%
2020 $872.81 2.96%
2021 $897.33 2.81%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for car servicing, 1999-2021

Start with the inflation rate formula:

CPI in 2021 / CPI in 1999 * 1999 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Motor vehicle maintenance and servicing was 158.777 in the year 1999 and 284.952 in 2021:

284.952 / 158.777 * $500 = $897.33

Therefore, according to U.S. Bureau of Labor Statistics, $500 in 1999 has the same "purchasing power" as $897.33 in 2021 (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.

» Read more about inflation and investment.