Car repair priced at $500 in 2004 $829.53 in 2022

Car Repair Inflation Calculator

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Prices for Car Repair, 2004-2022 ($500)

According to the U.S. Bureau of Labor Statistics, prices for motor vehicle repair are 65.91% higher in 2022 versus 2004 (a $329.53 difference in value).

Between 2004 and 2022: Car repair experienced an average inflation rate of 2.85% per year. This rate of change indicates significant inflation. In other words, car repair costing $500 in the year 2004 would cost $829.53 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.38% during this same period, inflation for car repair was higher.

In the year 2004: Pricing changed by 2.61%, which is below the average yearly change for car repair during the 2004-2022 time period. Compared to inflation for all items in 2004 (2.68%), inflation for car repair was lower.

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%).

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Buying power of $500.00 since 2004

Below are calculations of equivalent buying power for Car repair, over time, for $500 beginning in 2004. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2004$500.002.61%
2005$516.433.29%
2006$540.944.75%
2007$559.813.49%
2008$586.054.69%
2009$608.723.87%
2010$622.752.31%
2011$639.002.61%
2012$648.321.46%
2013$658.161.52%
2014$669.891.78%
2015$685.132.27%
2016$699.142.05%
2017$710.331.60%
2018$716.630.89%
2019$730.932.00%
2020$761.534.19%
2021$793.444.19%
2022$829.534.55%*
* 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 2004 * 2004 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Motor vehicle repair was 122.692 in the year 2004 and 203.553 in 2022:

203.553 / 122.692 * $500 = $829.53

Therefore, according to U.S. Bureau of Labor Statistics, $500 in 2004 has the same "purchasing power" as $829.53 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.

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