Car parts priced at $500 in 2020 $505 in 2021

Car Parts Inflation Calculator

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Prices for Car Parts, 2020-2021 ($500)

According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 1% higher in 2021 versus 2020 (a $5 difference in value).

Between 2020 and 2021: Car parts experienced an average inflation rate of 1% per year. In other words, car parts costing $500 in the year 2020 would cost $505 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.06% during this same period, inflation for car parts was lower.

In the year 2020: Pricing changed by 1.10%, which is above the average yearly change for car parts during the 2020-2021 time period. Compared to inflation for all items in 2020 (1.23%), inflation for car parts was lower.

Price Inflation for Motor vehicle parts and equipment since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (12%), 1979 (9.64%), and 1981 (6.08%).

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
CPI 75.300 77.592 85.069 95.277 101.069 103.615 100.777 95.615 95.908 95.415 96.085 97.869 100.215 100.900 102.154 103.054 101.615 101.362 102.115 102.200 101.885 101.123 100.500 101.531 104.800 106.892 107.815 108.685 111.915 117.269 121.583 128.747 134.050 136.995 143.909 148.560 146.422 144.823 144.236 143.555 143.041 143.662 146.437 148.051 149.531

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Buying power of $500 since 2020

Below are calculations of equivalent buying power for Car parts, over time, for $500 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2020 $500.00 1.10%
2021 $505.00 1.00%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for car parts, 2020-2021

Start with the inflation rate formula:

CPI in 2021 / CPI in 2020 * 2020 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Motor vehicle parts and equipment was 148.051 in the year 2020 and 149.531 in 2021:

149.531 / 148.051 * $500 = $505

Therefore, according to U.S. Bureau of Labor Statistics, $500 in 2020 has the same "purchasing power" as $505 in 2021 (in the CPI category of Motor vehicle parts and equipment).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Motor vehicle parts and equipment in 1977. In addition to car parts, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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