Car servicing priced at $500 in 2018 $576.17 in 2022

Car Servicing Inflation Calculator

$

Prices for Car Servicing, 2018-2022 ($500)

According to the U.S. Bureau of Labor Statistics, prices for motor vehicle maintenance and servicing are 15.23% higher in 2022 versus 2018 (a $76.17 difference in value).

Between 2018 and 2022: Car servicing experienced an average inflation rate of 3.61% per year. This rate of change indicates significant inflation. In other words, car servicing costing $500 in the year 2018 would cost $576.17 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.52% during this same period, inflation for car servicing was higher.

In the year 2018: Pricing changed by 2.54%, which is below the average yearly change for car servicing during the 2018-2022 time period. Compared to inflation for all items in 2018 (2.44%), 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%).

View price changes for other categories
Detroit, Michigan · Film and photographic supplies · San Diego, California · Indoor plants and flowers · More

Buying power of $500.00 since 2018

Below are calculations of equivalent buying power for Car servicing, over time, for $500 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2018$500.002.54%
2019$520.844.17%
2020$536.272.96%
2021$555.703.62%
2022$576.173.68%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Motor vehicle maintenance and servicing:

Year1977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI66.10069.13876.06283.71590.76996.931100.469102.600104.769107.769112.800117.769121.392125.069130.815135.685138.523140.362143.262146.662149.585154.838158.777162.677168.792174.992179.523182.754189.215195.662202.143213.060222.326225.217228.295233.271236.922240.340243.337246.664252.009258.418269.191277.163287.204297.785

Adjust car servicing prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2018 * 2018 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Motor vehicle maintenance and servicing was 258.418 in the year 2018 and 297.785 in 2022:

297.785 / 258.418 * $500 = $576.17

Therefore, according to U.S. Bureau of Labor Statistics, $500 in 2018 has the same "purchasing power" as $576.17 in 2022 (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.