According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 67.94% higher in 2018 versus 1979.
Between 1979 and 2018: Car parts experienced an average inflation rate of 1.34% per year. In other words, car parts costing $500 in the year 1979 would cost $839.71 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 3.21% during this same period, inflation for car parts was lower.
In the year 1979: Pricing changed by 9.64%, significantly above the average yearly change for car parts during the 1979-2018 time period. Compared to inflation for all items in 1979 (11.26%), price inflation for car parts was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Motor vehicle parts and equipment: