Car repair priced at $500 in 2017 $689.23 in 2023

Car Repair Inflation Calculator


Prices for Car Repair, 2017-2023 ($500)

According to the U.S. Bureau of Labor Statistics, prices for motor vehicle repair are 37.85% higher in 2023 versus 2017 (a $189.23 difference in value).

Between 2017 and 2023: Car repair experienced an average inflation rate of 5.50% per year. This rate of change indicates significant inflation. In other words, car repair costing $500 in the year 2017 would cost $689.23 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.42% during this same period, inflation for car repair was higher.

In the year 2017: Pricing changed by 1.60%, which is significantly below the average yearly change for car repair during the 2017-2023 time period. Compared to inflation for all items in 2017 (2.13%), 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: 2023 (12.30%), 2022 (9.89%), and 2006 (4.75%).

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Buying power of $500.00 since 2017

Below are calculations of equivalent buying power for Car repair, over time, for $500 beginning in 2017. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate

* 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:


Adjust car repair prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2017 * 2017 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Motor vehicle repair was 174.303 in the year 2017 and 240.272 in 2023:

240.272 / 174.303 * $500 = $689.23

Therefore, according to U.S. Bureau of Labor Statistics, $500 in 2017 has the same "purchasing power" as $689.23 in 2023 (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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