According to the U.S. Bureau of Labor Statistics, prices for motor vehicle parts and equipment were 33.66% higher in 2018 versus 2002.
Between 2002 and 2018: Car parts experienced an average inflation rate of 1.83% per year. In other words, car parts costing $500 in the year 2002 would cost $668.28 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.06% during this same period, inflation for car parts was lower.
In the year 2002: Pricing changed by 2%, above the average yearly change for car parts during the 2002-2018 time period. Compared to inflation for all items in 2002 (1.59%), price inflation for car parts was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Motor vehicle parts and equipment: