Car repair priced at $500 in 2001 $910.53 in 2022

Car Repair Inflation Calculator

$

Prices for Car Repair, 2001-2022 ($500)

According to the U.S. Bureau of Labor Statistics, prices for motor vehicle repair are 82.11% higher in 2022 versus 2001 (a $410.53 difference in value).

Between 2001 and 2022: Car repair experienced an average inflation rate of 2.90% per year. This rate of change indicates significant inflation. In other words, car repair costing $500 in the year 2001 would cost $910.53 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.35% during this same period, inflation for car repair was higher.

In the year 2001: Pricing changed by 3.34%, which is above the average yearly change for car repair during the 2001-2022 time period. Compared to inflation for all items in 2001 (2.83%), 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 2022 (4.55%).

View price changes for other categories
Jewelry · Frankfurters · San Francisco, California · Chicago, Illinois · More

Buying power of $500.00 since 2001

Below are calculations of equivalent buying power for Car repair, over time, for $500 beginning in 2001. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2001$500.003.34%
2002$518.723.74%
2003$534.863.11%
2004$548.832.61%
2005$566.863.29%
2006$593.774.75%
2007$614.483.49%
2008$643.284.69%
2009$668.173.87%
2010$683.572.31%
2011$701.402.61%
2012$711.631.46%
2013$722.431.52%
2014$735.311.78%
2015$752.032.27%
2016$767.412.05%
2017$779.691.60%
2018$786.620.89%
2019$802.312.00%
2020$835.894.19%
2021$870.924.19%
2022$910.534.55%*
* Not final. See inflation summary for latest details.

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

Year19971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI100.000101.208104.469108.169111.777115.962119.569122.692126.723132.738137.370143.807149.371152.814156.802159.088161.503164.382168.119171.558174.303175.851179.360186.867194.698203.553

Adjust car repair prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2001 * 2001 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Motor vehicle repair was 111.777 in the year 2001 and 203.553 in 2022:

203.553 / 111.777 * $500 = $910.53

Therefore, according to U.S. Bureau of Labor Statistics, $500 in 2001 has the same "purchasing power" as $910.53 in 2022 (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.

» Read more about inflation and investment.