Car repair price inflation, 2006→2022

Car Repair Inflation Calculator

Prices for Car Repair, 2006-2022 ($500)

According to the U.S. Bureau of Labor Statistics, prices for motor vehicle repair are 61.18% higher in 2022 versus 2006 (a $305.91 difference in value).

Between 2006 and 2022: Car repair experienced an average inflation rate of 3.03% per year. This rate of change indicates significant inflation. In other words, car repair costing $500 in the year 2006 would cost $805.91 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.36% during this same period, inflation for car repair was higher.

In the year 2006: Pricing changed by 4.75%, which is above the average yearly change for car repair during the 2006-2022 time period. Compared to inflation for all items in 2006 (3.23%), 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: 2022 (9.89%), 2006 (4.75%), and 2008 (4.69%).

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Buying power of $500.00 since 2006

Below are calculations of equivalent buying power for Car repair, over time, for $500 beginning in 2006. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2006	$500.00	4.75%
2007	$517.45	3.49%
2008	$541.69	4.69%
2009	$562.65	3.87%
2010	$575.62	2.31%
2011	$590.64	2.61%
2012	$599.25	1.46%
2013	$608.35	1.52%
2014	$619.19	1.78%
2015	$633.27	2.27%
2016	$646.23	2.05%
2017	$656.57	1.60%
2018	$662.40	0.89%
2019	$675.61	2.00%
2020	$703.89	4.19%
2021	$733.39	4.19%
2022	$805.91	9.89%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.

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	2022
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	194.698	213.952

Adjust car repair prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2006 * 2006 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Motor vehicle repair was 132.738 in the year 2006 and 213.952 in 2022:

213.952 / 132.738 * $500 = $805.91

Therefore, according to U.S. Bureau of Labor Statistics, $500 in 2006 has the same "purchasing power" as $805.91 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.