Car repair priced at $500 in 2018 $509.98 in 2019

Car Repair Inflation Calculator


Prices for Car Repair, 2018-2019 ($500)

According to the U.S. Bureau of Labor Statistics, prices for motor vehicle repair were 2% higher in 2019 versus 2018 (a $9.98 difference in value).

Between 2018 and 2019: Car repair experienced an average inflation rate of 2% per year. In other words, car repair costing $500 in the year 2018 would cost $509.98 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 1.81% during this same period, inflation for car repair was higher.

Price Inflation for Motor vehicle repair since 2018

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: and 2019 (2%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Motor vehicle repair:

Year 2018 2019
CPI 175.851 179.360

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Buying power of $500 since 2018

Below are calculations of equivalent buying power for Car repair, over time, for $500 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2018 $500.00 -
2019 $509.98 2.00%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for car repair, 2018-2019

Start with the inflation rate formula:

CPI in 2019 / CPI in 2018 * 2018 USD value = 2019 USD value

Then plug in historical CPI values from above. The CPI for Motor vehicle repair was 175.851 in the year 2018 and 179.360 in 2019:

179.360 / 175.851 * $500 = $509.98

Therefore, according to U.S. Bureau of Labor Statistics, $500 in 2018 has the same "purchasing power" as $509.98 in 2019 (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 2018. 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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