State motor vehicle registration and license fees priced at $20 in 1997 $37.43 in 2022

State Motor Vehicle Registration And License Fees Inflation Calculator

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Prices for State Motor Vehicle Registration And License Fees, 1997-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for state motor vehicle registration and license fees are 87.14% higher in 2022 versus 1997 (a $17.43 difference in value).

Between 1997 and 2022: State motor vehicle registration and license fees experienced an average inflation rate of 2.54% 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 $37.43 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.37% 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$37.430.47%*
* Not final. See inflation summary for latest details.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for State motor vehicle registration and license fees:

Year19971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI100.000101.085101.792105.069105.615108.454112.723131.331133.185137.323138.785141.931152.088164.926165.856166.691167.819168.286169.527173.000175.848178.376180.804185.058186.268187.143

Adjust state motor vehicle registration and license fees prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1997 * 1997 USD value = 2022 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 187.143 in 2022:

187.143 / 100.000 * $20 = $37.43

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $37.43 in 2022 (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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