According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 16.57% higher in 2023 versus 2021 (a $82.87 difference in value).
Between 2021 and 2023, Car parts experienced an average inflation rate of 7.97% per year. This rate of change indicates significant inflation. In other words, car parts costing $500 in the year 2021 would cost $582.87 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 6.04% during this same period, inflation for car parts was higher.
In the year 2021: Pricing changed by 4.76%, which is significantly below the average yearly change for car parts during the 2021-2023 time period. Compared to inflation for all items in 2021 (4.70%), inflation for car parts was higher.
The official rate is based on an average household's spending, so your own inflation rate is probably different. The personal inflation calculator works it out from your budget.
Below are calculations of equivalent buying power for Car parts, over time, for $500 beginning in 2021. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2021 | $500.00 | 4.76% |
| 2022 | $566.58 | 13.32% |
| 2023 | $582.87 | 2.88% |
| 2024 | $582.99 | 0.02% |
| 2025 | $596.33 | 2.29% |
| 2026 | $606.98 | 1.79%* |
* 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 | 2025 | 2026 |
| CPI | 75.300 | 77.592 | 85.067 | 95.275 | 101.075 | 103.617 | 100.783 | 95.617 | 95.908 | 95.417 | 96.083 | 97.867 | 100.217 | 100.900 | 102.150 | 103.050 | 101.617 | 101.358 | 102.117 | 102.200 | 101.883 | 101.125 | 100.500 | 101.533 | 104.800 | 106.892 | 107.817 | 108.683 | 111.917 | 117.267 | 121.583 | 128.747 | 134.049 | 136.995 | 143.909 | 148.560 | 146.422 | 144.823 | 144.236 | 143.555 | 143.040 | 143.662 | 146.437 | 148.051 | 155.100 | 175.752 | 180.806 | 180.842 | 184.982 | 188.284 |