Vehicle accessories other than tires priced at $20 in 2016 $26.44 in 2024

Vehicle Accessories Other Than Tires Inflation Calculator

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Prices for Vehicle Accessories Other Than Tires, 2016-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for vehicle accessories other than tires are 32.20% higher in 2024 versus 2016 (a $6.44 difference in value).

Between 2016 and 2024: Vehicle accessories other than tires experienced an average inflation rate of 3.55% per year. This rate of change indicates significant inflation. In other words, vehicle accessories other than tires costing $20 in the year 2016 would cost $26.44 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.39% during this same period, inflation for vehicle accessories other than tires was higher.

In the year 2016: Pricing changed by 0.18%, which is significantly below the average yearly change for vehicle accessories other than tires during the 2016-2024 time period. Compared to inflation for all items in 2016 (1.26%), inflation for vehicle accessories other than tires was lower.

Price Inflation for Vehicle accessories other than tires since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2022 (12.75%), 2008 (7.78%), and 2006 (6.30%).

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Buying power of $20.00 since 2016

Below are calculations of equivalent buying power for Vehicle accessories other than tires, over time, for $20 beginning in 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2016$20.000.18%
2017$20.160.78%
2018$20.642.41%
2019$21.112.24%
2020$21.672.67%
2021$22.383.27%
2022$25.2312.75%
2023$26.324.31%
2024$26.440.45%*

* 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 Vehicle accessories other than tires:

Year1997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI100.00099.66299.492101.592105.008107.915110.131111.992115.877123.177128.856138.876145.962149.124154.642159.108162.159164.357166.066166.373167.676171.717175.566180.262186.165209.909218.957219.950

Adjust vehicle accessories other than tires prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2016 * 2016 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Vehicle accessories other than tires was 166.373 in the year 2016 and 219.950 in 2024:

219.950 / 166.373 * $20 = $26.44

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2016 has the same "purchasing power" as $26.44 in 2024 (in the CPI category of Vehicle accessories other than tires).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Vehicle accessories other than tires in 1997. In addition to vehicle accessories other than tires, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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