Apparel services other than laundry and dry cleaning priced at $20 in 1997 $41.09 in 2020

Apparel Services Other Than Laundry And Dry Cleaning Inflation Calculator

$

Prices for Apparel Services Other Than Laundry And Dry Cleaning, 1997-2020 ($20)

According to the U.S. Bureau of Labor Statistics, prices for apparel services other than laundry and dry cleaning were 105.47% higher in 2020 versus 1997 (a $21.09 difference in value).

Between 1997 and 2020: Apparel services other than laundry and dry cleaning experienced an average inflation rate of 3.18% per year. This rate of change indicates significant inflation. In other words, apparel services other than laundry and dry cleaning costing $20 in the year 1997 would cost $41.09 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 2.08% during this same period, inflation for apparel services other than laundry and dry cleaning was higher.

Price Inflation for Apparel services other than laundry and dry cleaning since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2008 (6.49%), 2001 (4.68%), and 2005 (4.65%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Apparel services other than laundry and dry cleaning:

Year 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
CPI 100.000 101.000 103.192 106.423 111.408 113.992 116.638 120.662 126.277 131.762 136.904 145.787 152.456 157.841 163.759 168.737 174.356 178.025 181.616 184.725 186.915 189.112 197.817 205.469

View price changes for other categories
Medical care · Film and photographic supplies · Wireless telephone services · Frankfurters · More

Buying power of $20 since 1997

Below are calculations of equivalent buying power for Apparel services other than laundry and dry cleaning, over time, for $20 beginning in 1997. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
1997 $20.00 -
1998 $20.20 1.00%
1999 $20.64 2.17%
2000 $21.28 3.13%
2001 $22.28 4.68%
2002 $22.80 2.32%
2003 $23.33 2.32%
2004 $24.13 3.45%
2005 $25.26 4.65%
2006 $26.35 4.34%
2007 $27.38 3.90%
2008 $29.16 6.49%
2009 $30.49 4.57%
2010 $31.57 3.53%
2011 $32.75 3.75%
2012 $33.75 3.04%
2013 $34.87 3.33%
2014 $35.60 2.10%
2015 $36.32 2.02%
2016 $36.94 1.71%
2017 $37.38 1.19%
2018 $37.82 1.18%
2019 $39.56 4.60%
2020 $41.09 3.87%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for apparel services other than laundry and dry cleaning, 1997-2020

Start with the inflation rate formula:

CPI in 2020 / CPI in 1997 * 1997 USD value = 2020 USD value

Then plug in historical CPI values from above. The CPI for Apparel services other than laundry and dry cleaning was 100.000 in the year 1997 and 205.469 in 2020:

205.469 / 100.000 * $20 = $41.09

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1997 has the same "purchasing power" as $41.09 in 2020 (in the CPI category of Apparel services other than laundry and dry cleaning).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Apparel services other than laundry and dry cleaning in 1997. In addition to apparel services other than laundry and dry cleaning, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.