According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 42.16% higher in 2018 versus 1999.
Between 1999 and 2018: Car parts experienced an average inflation rate of 1.87% per year. In other words, car parts costing $500 in the year 1999 would cost $710.78 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.14% during this same period, inflation for car parts was lower.
In the year 1999: Pricing changed by -0.62%, below the average yearly change for car parts during the 1999-2018 time period. Compared to inflation for all items in 1999 (2.19%), 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: