According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 1.13% higher in 2020 versus 2013 (a $5.66 difference in value).
Between 2013 and 2020: Car parts experienced an average inflation rate of 0.16% per year. In other words, car parts costing $500 in the year 2013 would cost $505.66 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.50% during this same period, inflation for car parts was lower.
In the year 2013: Pricing changed by -1.44%, which is below the average yearly change for car parts during the 2013-2020 time period. Compared to inflation for all items in 2013 (1.46%), inflation for car parts was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Motor vehicle parts and equipment:
Below are calculations of equivalent buying power for Car parts, over time, for $500 beginning in 2013. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|