Motor vehicle body work priced at $20 in 2000 $32.21 in 2018

Historical Price Inflation for Motor vehicle body work

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Prices for Motor Vehicle Body Work, 2000-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for motor vehicle body work were 61.04% higher in 2018 versus 2000 (a $12.21 difference in value).

Between 2000 and 2018: Motor vehicle body work experienced an average inflation rate of 2.68% per year. This rate of change indicates significant inflation. In other words, motor vehicle body work costing $20 in the year 2000 would cost $32.21 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.12% during this same period, inflation for motor vehicle body work was higher.

In the year 2000: Pricing changed by 3.06%, which is above the average yearly change for motor vehicle body work during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), inflation for motor vehicle body work was lower.

Price Inflation for Motor vehicle body work since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (12.62%), 1979 (10.99%), and 1981 (9.58%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Motor vehicle body work:

Year 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CPI 60.500 63.531 70.515 79.415 87.023 94.946 100.492 104.592 108.762 112.115 117.223 123.377 130.538 135.892 140.285 143.831 147.892 153.562 158.900 166.031 172.869 179.469 182.208 187.785 194.854 199.600 202.938 208.238 215.031 224.769 232.233 239.732 248.548 254.398 259.930 264.941 270.976 277.958 280.793 287.580 294.463 302.407

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Buying power of $20 since 2000

Below are calculations of equivalent buying power for Motor vehicle body work, over time, for $20 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2000 $20.00 3.06%
2001 $20.75 3.76%
2002 $21.26 2.44%
2003 $21.61 1.67%
2004 $22.18 2.61%
2005 $22.90 3.26%
2006 $23.94 4.53%
2007 $24.73 3.32%
2008 $25.53 3.23%
2009 $26.47 3.68%
2010 $27.09 2.35%
2011 $27.68 2.17%
2012 $28.22 1.93%
2013 $28.86 2.28%
2014 $29.60 2.58%
2015 $29.91 1.02%
2016 $30.63 2.42%
2017 $31.36 2.39%
2018 $32.21 2.70%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for motor vehicle body work, 2000-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2000 * 2000 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Motor vehicle body work was 187.785 in the year 2000 and 302.407 in 2018:

302.407 / 187.785 * $20 = $32.21

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $32.21 in 2018 (in the CPI category of Motor vehicle body work).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Motor vehicle body work in 1977. In addition to motor vehicle body work, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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