According to the U.S. Bureau of Labor Statistics, prices for motor vehicle repair are 19.29% higher in 2022 versus 2019 (a $96.43 difference in value).
Between 2019 and 2022: Car repair experienced an average inflation rate of 6.05% per year. This rate of change indicates significant inflation. In other words, car repair costing $500 in the year 2019 would cost $596.43 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 4.61% during this same period, inflation for car repair was higher.
In the year 2019: Pricing changed by 2%, which is significantly below the average yearly change for car repair during the 2019-2022 time period. Compared to inflation for all items in 2019 (1.81%), inflation for car repair was higher.
Below are calculations of equivalent buying power for Car repair, over time, for $500 beginning in 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation 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: