According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 4.32% higher in 2021 versus 2015 (a $21.58 difference in value).
Between 2015 and 2021: Car parts experienced an average inflation rate of 0.71% per year. In other words, car parts costing $500 in the year 2015 would cost $521.58 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.96% during this same period, inflation for car parts was lower.
In the year 2015: Pricing changed by -0.41%, which is below the average yearly change for car parts during the 2015-2021 time period. Compared to inflation for all items in 2015 (0.12%), 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 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|