Car repair priced at $500 in 1999 $918.82 in 2021

Car Repair Inflation Calculator

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Prices for Car Repair, 1999-2021 ($500)

According to the U.S. Bureau of Labor Statistics, prices for motor vehicle repair were 83.76% higher in 2021 versus 1999 (a $418.82 difference in value).

Between 1999 and 2021: Car repair experienced an average inflation rate of 2.80% per year. This rate of change indicates significant inflation. In other words, car repair costing $500 in the year 1999 would cost $918.82 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.10% during this same period, inflation for car repair was higher.

In the year 1999: Pricing changed by 3.22%, which is above the average yearly change for car repair during the 1999-2021 time period. Compared to inflation for all items in 1999 (2.19%), 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: 2006 (4.75%), 2008 (4.69%), and 2020 (4.19%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Motor vehicle repair:

Year 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 100.000 101.208 104.469 108.169 111.777 115.962 119.569 122.692 126.723 132.738 137.370 143.807 149.371 152.814 156.802 159.088 161.503 164.382 168.119 171.558 174.303 175.851 179.360 186.867 191.978

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Buying power of $500 since 1999

Below are calculations of equivalent buying power for Car repair, over time, for $500 beginning in 1999. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1999 $500.00 3.22%
2000 $517.71 3.54%
2001 $534.98 3.34%
2002 $555.00 3.74%
2003 $572.27 3.11%
2004 $587.22 2.61%
2005 $606.51 3.29%
2006 $635.30 4.75%
2007 $657.47 3.49%
2008 $688.28 4.69%
2009 $714.91 3.87%
2010 $731.38 2.31%
2011 $750.47 2.61%
2012 $761.41 1.46%
2013 $772.97 1.52%
2014 $786.75 1.78%
2015 $804.64 2.27%
2016 $821.09 2.05%
2017 $834.23 1.60%
2018 $841.64 0.89%
2019 $858.43 2.00%
2020 $894.36 4.19%
2021 $918.82 2.74%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for car repair, 1999-2021

Start with the inflation rate formula:

CPI in 2021 / CPI in 1999 * 1999 USD value = 2021 USD value

Then plug in historical CPI values from above. The CPI for Motor vehicle repair was 104.469 in the year 1999 and 191.978 in 2021:

191.978 / 104.469 * $500 = $918.82

Therefore, according to U.S. Bureau of Labor Statistics, $500 in 1999 has the same "purchasing power" as $918.82 in 2021 (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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