Laundry and dry cleaning services priced at $20 in 2004 $29 in 2019

Historical Price Inflation for Laundry and dry cleaning services

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Prices for Laundry And Dry Cleaning Services, 2004-2019 ($20)

According to the U.S. Bureau of Labor Statistics, prices for laundry and dry cleaning services were 44.98% higher in 2019 versus 2004 (a $9 difference in value).

Between 2004 and 2019: Laundry and dry cleaning services experienced an average inflation rate of 2.51% per year. This rate of change indicates significant inflation. In other words, laundry and dry cleaning services costing $20 in the year 2004 would cost $29 in 2019 for an equivalent purchase. Compared to the overall inflation rate of 1.95% during this same period, inflation for laundry and dry cleaning services was higher.

Price Inflation for Laundry and dry cleaning services since 2004

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2008 (4.41%), 2007 (3.17%), and 2006 (3.03%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Laundry and dry cleaning services:

Year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
CPI 119.025 121.758 125.450 129.432 135.133 139.061 142.184 144.281 146.874 149.442 152.218 155.747 160.462 164.719 169.455 172.562

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Buying power of $20 since 2004

Below are calculations of equivalent buying power for Laundry and dry cleaning services, over time, for $20 beginning in 2004. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2004 $20.00 -
2005 $20.46 2.30%
2006 $21.08 3.03%
2007 $21.75 3.17%
2008 $22.71 4.41%
2009 $23.37 2.91%
2010 $23.89 2.25%
2011 $24.24 1.48%
2012 $24.68 1.80%
2013 $25.11 1.75%
2014 $25.58 1.86%
2015 $26.17 2.32%
2016 $26.96 3.03%
2017 $27.68 2.65%
2018 $28.47 2.88%
2019 $29.00 1.83%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for laundry and dry cleaning services, 2004-2019

Start with the inflation rate formula:

CPI in 2019 / CPI in 2004 * 2004 USD value = 2019 USD value

Then plug in historical CPI values from above. The CPI for Laundry and dry cleaning services was 119.025 in the year 2004 and 172.562 in 2019:

172.562 / 119.025 * $20 = $29

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2004 has the same "purchasing power" as $29 in 2019 (in the CPI category of Laundry and dry cleaning services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Laundry and dry cleaning services in 2004. In addition to laundry and dry cleaning services, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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