According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 45.98% higher in 2018 versus 1988.
Between 1988 and 2018: Car parts experienced an average inflation rate of 1.27% per year. In other words, car parts costing $500 in the year 1988 would cost $729.89 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.52% during this same period, inflation for car parts was lower.
In the year 1988: Pricing changed by 1.86%, above the average yearly change for car parts during the 1988-2018 time period. Compared to inflation for all items in 1988 (4.08%), 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: