Car parts priced at $500 in 2000 $718.44 in 2019

Historical Price Inflation for Car parts

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Prices for Car Parts, 2000-2019 ($500)

According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 43.69% higher in 2019 versus 2000 (a $218.44 difference in value).

Between 2000 and 2019: Car parts experienced an average inflation rate of 1.93% per year. In other words, car parts costing $500 in the year 2000 would cost $718.44 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 2.08% during this same period, inflation for car parts was lower.

In the year 2000: Pricing changed by 1.03%, which is below the average yearly change for car parts during the 2000-2019 time period. Compared to inflation for all items in 2000 (3.38%), inflation for car parts was lower.

Price Inflation for Motor vehicle parts and equipment since 1991

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2008 (5.89%), 2011 (5.05%), and 2006 (4.78%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Motor vehicle parts and equipment:

Year 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 2019
CPI 102.150 103.058 101.617 101.358 102.108 102.192 101.883 101.125 100.500 101.533 104.800 106.892 107.817 108.683 111.917 117.267 121.583 128.747 134.049 136.995 143.909 148.560 146.422 144.823 144.236 143.555 143.040 143.662 145.892

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Buying power of $500 since 2000

Below are calculations of equivalent buying power for Car parts, over time, for $500 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 $500.00 1.03%
2001 $516.09 3.22%
2002 $526.39 2.00%
2003 $530.94 0.87%
2004 $535.21 0.80%
2005 $551.13 2.98%
2006 $577.48 4.78%
2007 $598.73 3.68%
2008 $634.01 5.89%
2009 $660.13 4.12%
2010 $674.63 2.20%
2011 $708.68 5.05%
2012 $731.58 3.23%
2013 $721.05 -1.44%
2014 $713.18 -1.09%
2015 $710.29 -0.41%
2016 $706.94 -0.47%
2017 $704.40 -0.36%
2018 $707.46 0.43%
2019 $718.44 1.55%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for car parts, 2000-2019

Start with the inflation rate formula:

CPI in 2019 / CPI in 2000 * 2000 USD value = 2019 USD value

Then plug in historical CPI values from above. The CPI for Motor vehicle parts and equipment was 101.533 in the year 2000 and 145.892 in 2019:

145.892 / 101.533 * $500 = $718.44

Therefore, according to U.S. Bureau of Labor Statistics, $500 in 2000 has the same "purchasing power" as $718.44 in 2019 (in the CPI category of Motor vehicle parts and equipment).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Motor vehicle parts and equipment in 1991. In addition to car parts, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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