According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment are 89.40% higher in 2024 versus 1986 (a $447 difference in value).
Between 1986 and 2024: Car parts experienced an average inflation rate of 1.69% per year. In other words, car parts costing $500 in the year 1986 would cost $947 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.80% during this same period, inflation for car parts was lower.
In the year 1986: Pricing changed by -0.51%, which is below the average yearly change for car parts during the 1986-2024 time period. Compared to inflation for all items in 1986 (1.90%), inflation for car parts was lower.
Below are calculations of equivalent buying power for Car parts, 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 | -0.51% |
1987 | $503.51 | 0.70% |
1988 | $512.86 | 1.86% |
1989 | $525.15 | 2.40% |
1990 | $528.74 | 0.68% |
1991 | $535.31 | 1.24% |
1992 | $540.03 | 0.88% |
1993 | $532.49 | -1.40% |
1994 | $531.16 | -0.25% |
1995 | $535.11 | 0.74% |
1996 | $535.55 | 0.08% |
1997 | $533.90 | -0.31% |
1998 | $529.91 | -0.75% |
1999 | $526.64 | -0.62% |
2000 | $532.05 | 1.03% |
2001 | $549.18 | 3.22% |
2002 | $560.14 | 2.00% |
2003 | $564.98 | 0.86% |
2004 | $569.53 | 0.81% |
2005 | $586.46 | 2.97% |
2006 | $614.52 | 4.78% |
2007 | $637.13 | 3.68% |
2008 | $674.67 | 5.89% |
2009 | $702.45 | 4.12% |
2010 | $717.89 | 2.20% |
2011 | $754.12 | 5.05% |
2012 | $778.49 | 3.23% |
2013 | $767.29 | -1.44% |
2014 | $758.91 | -1.09% |
2015 | $755.83 | -0.41% |
2016 | $752.26 | -0.47% |
2017 | $749.57 | -0.36% |
2018 | $752.83 | 0.43% |
2019 | $767.37 | 1.93% |
2020 | $775.82 | 1.10% |
2021 | $812.76 | 4.76% |
2022 | $920.98 | 13.32% |
2023 | $947.47 | 2.88% |
2024 | $947.00 | -0.05%* |
* 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 parts and equipment:
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 | 75.300 | 77.592 | 85.069 | 95.277 | 101.069 | 103.615 | 100.777 | 95.615 | 95.908 | 95.415 | 96.085 | 97.869 | 100.215 | 100.900 | 102.154 | 103.054 | 101.615 | 101.362 | 102.115 | 102.200 | 101.885 | 101.123 | 100.500 | 101.531 | 104.800 | 106.892 | 107.815 | 108.685 | 111.915 | 117.269 | 121.583 | 128.747 | 134.050 | 136.995 | 143.909 | 148.560 | 146.422 | 144.823 | 144.236 | 143.555 | 143.041 | 143.662 | 146.437 | 148.051 | 155.100 | 175.752 | 180.806 | 180.716 |