According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 49.42% higher in 2018 versus 1984.
Between 1984 and 2018: Car parts experienced an average inflation rate of 1.19% per year. In other words, car parts costing $500 in the year 1984 would cost $747.09 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.61% during this same period, inflation for car parts was lower.
In the year 1984: Pricing changed by -5.12%, significantly below the average yearly change for car parts during the 1984-2018 time period. Compared to inflation for all items in 1984 (4.30%), 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: