According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 48.69% higher in 2018 versus 1987.
Between 1987 and 2018: Car parts experienced an average inflation rate of 1.29% per year. In other words, car parts costing $500 in the year 1987 would cost $743.45 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.57% during this same period, inflation for car parts was lower.
In the year 1987: Pricing changed by 0.70%, below the average yearly change for car parts during the 1987-2018 time period. Compared to inflation for all items in 1987 (3.66%), 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: