Vehicle parts and equipment other than tires priced at $20 in 2001 $36.86 in 2024

Vehicle Parts And Equipment Other Than Tires Inflation Calculator

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Prices for Vehicle Parts And Equipment Other Than Tires, 2001-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for vehicle parts and equipment other than tires are 84.32% higher in 2024 versus 2001 (a $16.86 difference in value).

Between 2001 and 2024: Vehicle parts and equipment other than tires experienced an average inflation rate of 2.69% per year. This rate of change indicates significant inflation. In other words, vehicle parts and equipment other than tires costing $20 in the year 2001 would cost $36.86 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.52% during this same period, inflation for vehicle parts and equipment other than tires was higher.

In the year 2001: Pricing changed by 2.08%, which is below the average yearly change for vehicle parts and equipment other than tires during the 2001-2024 time period. Compared to inflation for all items in 2001 (2.83%), inflation for vehicle parts and equipment other than tires was lower.

Price Inflation for Vehicle parts and equipment other than tires since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1979 (11.58%), 2022 (10.71%), and 1980 (9.90%).

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Buying power of $20.00 since 2001

Below are calculations of equivalent buying power for Vehicle parts and equipment other than tires, over time, for $20 beginning in 2001. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2001$20.002.08%
2002$20.402.02%
2003$20.751.69%
2004$20.910.76%
2005$21.352.14%
2006$22.284.34%
2007$23.093.65%
2008$24.445.83%
2009$25.454.13%
2010$25.891.72%
2011$26.442.12%
2012$26.951.95%
2013$27.622.47%
2014$27.941.15%
2015$28.261.17%
2016$28.400.47%
2017$28.610.75%
2018$29.272.31%
2019$29.912.19%
2020$30.873.21%
2021$31.602.37%
2022$34.9810.71%
2023$36.333.86%
2024$36.861.46%*

* 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 parts and equipment other than tires:

Year197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI74.60077.18586.12394.64697.923101.23199.18599.56999.615100.992102.638104.538106.200108.415109.662109.908107.677106.962106.823107.292107.808107.915107.869108.569110.831113.069114.977115.854118.338123.469127.975135.436141.033143.463146.507149.363153.051154.815156.627157.358158.538162.193165.740171.055175.113193.860201.345204.288

Adjust vehicle parts and equipment other than tires prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 2001 * 2001 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Vehicle parts and equipment other than tires was 110.831 in the year 2001 and 204.288 in 2024:

204.288 / 110.831 * $20 = $36.86

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2001 has the same "purchasing power" as $36.86 in 2024 (in the CPI category of Vehicle parts and equipment other than tires).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Vehicle parts and equipment other than tires in 1977. In addition to vehicle parts and equipment 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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