State motor vehicle registration and license fees priced at $20 in 1997 $37.23 in 2021

State Motor Vehicle Registration And License Fees Inflation Calculator

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Prices for State Motor Vehicle Registration And License Fees, 1997-2021 ($20)

According to the U.S. Bureau of Labor Statistics, prices for state motor vehicle registration and license fees were 86.14% higher in 2021 versus 1997 (a $17.23 difference in value).

Between 1997 and 2021: State motor vehicle registration and license fees experienced an average inflation rate of 2.62% 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 $37.23 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.10% 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%).

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

Year 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
CPI 100.000 101.085 101.792 105.069 105.615 108.454 112.723 131.331 133.185 137.323 138.785 141.931 152.088 164.926 165.856 166.691 167.819 168.286 169.527 173.000 175.848 178.376 180.804 185.058 186.143

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Buying power of $20 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:

Year USD Value Inflation Rate
1997 $20.00 -
1998 $20.22 1.08%
1999 $20.36 0.70%
2000 $21.01 3.22%
2001 $21.12 0.52%
2002 $21.69 2.69%
2003 $22.54 3.94%
2004 $26.27 16.51%
2005 $26.64 1.41%
2006 $27.46 3.11%
2007 $27.76 1.06%
2008 $28.39 2.27%
2009 $30.42 7.16%
2010 $32.99 8.44%
2011 $33.17 0.56%
2012 $33.34 0.50%
2013 $33.56 0.68%
2014 $33.66 0.28%
2015 $33.91 0.74%
2016 $34.60 2.05%
2017 $35.17 1.65%
2018 $35.68 1.44%
2019 $36.16 1.36%
2020 $37.01 2.35%
2021 $37.23 0.59%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for state motor vehicle registration and license fees, 1997-2021

Start with the inflation rate formula:

CPI in 2021 / CPI in 1997 * 1997 USD value = 2021 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 186.143 in 2021:

186.143 / 100.000 * $20 = $37.23

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $37.23 in 2021 (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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