According to the U.S. Bureau of Labor Statistics, prices for motor vehicle repair were 77.48% higher in 2021 versus 2000 (a $387.39 difference in value).
Between 2000 and 2021: Car repair experienced an average inflation rate of 2.77% per year. This rate of change indicates significant inflation. In other words, car repair costing $500 in the year 2000 would cost $887.39 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.04% during this same period, inflation for car repair was higher.
In the year 2000: Pricing changed by 3.54%, which is above the average yearly change for car repair during the 2000-2021 time period. Compared to inflation for all items in 2000 (3.38%), inflation for car repair was higher.
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 |
Below are calculations of equivalent buying power for Car repair, over time, for $500 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2000 | $500.00 | 3.54% |
2001 | $516.68 | 3.34% |
2002 | $536.02 | 3.74% |
2003 | $552.70 | 3.11% |
2004 | $567.13 | 2.61% |
2005 | $585.76 | 3.29% |
2006 | $613.57 | 4.75% |
2007 | $634.98 | 3.49% |
2008 | $664.73 | 4.69% |
2009 | $690.45 | 3.87% |
2010 | $706.37 | 2.31% |
2011 | $724.80 | 2.61% |
2012 | $735.37 | 1.46% |
2013 | $746.53 | 1.52% |
2014 | $759.84 | 1.78% |
2015 | $777.11 | 2.27% |
2016 | $793.01 | 2.05% |
2017 | $805.70 | 1.60% |
2018 | $812.85 | 0.89% |
2019 | $829.07 | 2.00% |
2020 | $863.77 | 4.19% |
2021 | $887.39 | 2.74%* |