According to the U.S. Bureau of Labor Statistics, prices for motor vehicle repair were 18.98% higher in 2021 versus 2013 (a $94.92 difference in value).
Between 2013 and 2021: Car repair experienced an average inflation rate of 2.20% per year. This rate of change indicates significant inflation. In other words, car repair costing $500 in the year 2013 would cost $594.92 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.68% during this same period, inflation for car repair was higher.
In the year 2013: Pricing changed by 1.52%, which is below the average yearly change for car repair during the 2013-2021 time period. Compared to inflation for all items in 2013 (1.46%), inflation for car repair was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Motor vehicle repair:
Below are calculations of equivalent buying power for Car repair, over time, for $500 beginning in 2013. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|