State motor vehicle registration and license fees priced at $20 in 1997 $39.42 in 2024

State Motor Vehicle Registration And License Fees Inflation Calculator

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Prices for State Motor Vehicle Registration And License Fees, 1997-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for state motor vehicle registration and license fees are 97.11% higher in 2024 versus 1997 (a $19.42 difference in value).

Between 1997 and 2024: State motor vehicle registration and license fees experienced an average inflation rate of 2.55% per year. This rate of change indicates significant inflation. In other words, state motor vehicle registration and license fees costing $20 in the year 1997 would cost $39.42 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.50% during this same period, inflation for state motor vehicle registration and license fees was higher.

Price Inflation for State motor vehicle registration and license fees since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2004 (16.51%), 2010 (8.44%), and 2009 (7.16%).

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Buying power of $20.00 since 1997

Below are calculations of equivalent buying power for State motor vehicle registration and license fees, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1997$20.00-
1998$20.221.08%
1999$20.360.70%
2000$21.013.22%
2001$21.120.52%
2002$21.692.69%
2003$22.543.94%
2004$26.2716.51%
2005$26.641.41%
2006$27.463.11%
2007$27.761.06%
2008$28.392.27%
2009$30.427.16%
2010$32.998.44%
2011$33.170.56%
2012$33.340.50%
2013$33.560.68%
2014$33.660.28%
2015$33.910.74%
2016$34.602.05%
2017$35.171.65%
2018$35.681.44%
2019$36.161.36%
2020$37.012.35%
2021$37.250.65%
2022$37.801.47%
2023$38.812.68%
2024$39.421.57%*

* 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 State motor vehicle registration and license fees:

Year1997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI100.000101.085101.792105.069105.615108.454112.723131.331133.185137.323138.785141.931152.088164.926165.856166.691167.819168.286169.527173.000175.848178.376180.804185.058186.268189.011194.071197.110

Adjust state motor vehicle registration and license fees prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1997 * 1997 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for State motor vehicle registration and license fees was 100.000 in the year 1997 and 197.110 in 2024:

197.110 / 100.000 * $20 = $39.42

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $39.42 in 2024 (in the CPI category of State motor vehicle registration and license fees).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for State motor vehicle registration and license fees in 1997. In addition to state motor vehicle registration and license fees, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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