Car repair priced at $500 in 1997 $1,326.87 in 2024

Car Repair Inflation Calculator

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Prices for Car Repair, 1997-2024 ($500)

According to the U.S. Bureau of Labor Statistics, prices for motor vehicle repair are 165.37% higher in 2024 versus 1997 (a $826.87 difference in value).

Between 1997 and 2024: Car repair experienced an average inflation rate of 3.68% per year. This rate of change indicates significant inflation. In other words, car repair costing $500 in the year 1997 would cost $1,326.87 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.49% during this same period, inflation for car repair was higher.

Price Inflation for Motor vehicle repair since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2023 (17.11%), 2022 (9.89%), and 2024 (5.92%).

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Buying power of $500.00 since 1997

Below are calculations of equivalent buying power for Car repair, over time, for $500 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1997$500.00-
1998$506.041.21%
1999$522.353.22%
2000$540.853.54%
2001$558.883.34%
2002$579.813.74%
2003$597.853.11%
2004$613.462.61%
2005$633.623.29%
2006$663.694.75%
2007$686.853.49%
2008$719.044.69%
2009$746.863.87%
2010$764.072.31%
2011$784.012.61%
2012$795.441.46%
2013$807.511.52%
2014$821.911.78%
2015$840.602.27%
2016$857.792.05%
2017$871.521.60%
2018$879.250.89%
2019$896.802.00%
2020$934.334.19%
2021$973.494.19%
2022$1,069.769.89%
2023$1,252.7717.11%
2024$1,326.875.92%*

* 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 repair:

Year1997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI100.000101.208104.469108.169111.777115.962119.569122.692126.723132.738137.370143.807149.371152.814156.802159.088161.503164.382168.119171.558174.303175.851179.360186.867194.698213.952250.553265.375

Adjust car repair prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1997 * 1997 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Motor vehicle repair was 100.000 in the year 1997 and 265.375 in 2024:

265.375 / 100.000 * $500 = $1,326.87

Therefore, according to U.S. Bureau of Labor Statistics, $500 in 1997 has the same "purchasing power" as $1,326.87 in 2024 (in the CPI category of Motor vehicle repair).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Motor vehicle repair in 1997. In addition to car repair, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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