According to the U.S. Bureau of Labor Statistics, prices for motor vehicle repair were 50.70% higher in 2021 versus 2005 (a $253.51 difference in value).
Between 2005 and 2021: Car repair experienced an average inflation rate of 2.60% per year. This rate of change indicates significant inflation. In other words, car repair costing $500 in the year 2005 would cost $753.51 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.86% during this same period, inflation for car repair was higher.
In the year 2005: Pricing changed by 3.29%, which is above the average yearly change for car repair during the 2005-2021 time period. Compared to inflation for all items in 2005 (3.39%), inflation for car repair was lower.
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 | 190.975 |
Below are calculations of equivalent buying power for Car repair, over time, for $500 beginning in 2005. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2005 | $500.00 | 3.29% |
| 2006 | $523.73 | 4.75% |
| 2007 | $542.01 | 3.49% |
| 2008 | $567.41 | 4.69% |
| 2009 | $589.36 | 3.87% |
| 2010 | $602.95 | 2.31% |
| 2011 | $618.68 | 2.61% |
| 2012 | $627.70 | 1.46% |
| 2013 | $637.23 | 1.52% |
| 2014 | $648.59 | 1.78% |
| 2015 | $663.33 | 2.27% |
| 2016 | $676.90 | 2.05% |
| 2017 | $687.73 | 1.60% |
| 2018 | $693.84 | 0.89% |
| 2019 | $707.68 | 2.00% |
| 2020 | $737.30 | 4.19% |
| 2021 | $753.51 | 2.20%* |