According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 41.36% higher in 2018 versus 1981.
Between 1981 and 2018: Car parts experienced an average inflation rate of 0.94% per year. In other words, car parts costing $500 in the year 1981 would cost $706.78 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.76% during this same period, inflation for car parts was lower.
In the year 1981: Pricing changed by 6.08%, significantly above the average yearly change for car parts during the 1981-2018 time period. Compared to inflation for all items in 1981 (10.33%), price inflation for car parts was much lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Motor vehicle parts and equipment: