Apparel services other than laundry and dry cleaning priced at $20 in 1998 $45.05 in 2022

Apparel Services Other Than Laundry And Dry Cleaning Inflation Calculator

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Prices for Apparel Services Other Than Laundry And Dry Cleaning, 1998-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for apparel services other than laundry and dry cleaning are 125.24% higher in 2022 versus 1998 (a $25.05 difference in value).

Between 1998 and 2022: Apparel services other than laundry and dry cleaning experienced an average inflation rate of 3.44% 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 1998 would cost $45.05 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.42% during this same period, inflation for apparel services other than laundry and dry cleaning was higher.

In the year 1998: Pricing changed by 1%, which is below the average yearly change for apparel services other than laundry and dry cleaning during the 1998-2022 time period. Compared to inflation for all items in 1998 (1.55%), inflation for apparel services other than laundry and dry cleaning was lower.

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: 2022 (7.31%), 2008 (6.49%), and 2020 (4.92%).

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Buying power of $20.00 since 1998

Below are calculations of equivalent buying power for Apparel services other than laundry and dry cleaning, over time, for $20 beginning in 1998. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1998$20.001.00%
1999$20.432.17%
2000$21.073.13%
2001$22.064.68%
2002$22.572.32%
2003$23.102.32%
2004$23.893.45%
2005$25.014.65%
2006$26.094.34%
2007$27.113.90%
2008$28.876.49%
2009$30.194.57%
2010$31.263.53%
2011$32.433.75%
2012$33.413.04%
2013$34.533.33%
2014$35.252.10%
2015$35.962.02%
2016$36.581.71%
2017$37.011.19%
2018$37.451.18%
2019$39.174.60%
2020$41.104.92%
2021$41.982.15%
2022$45.057.31%*
* Not final. See inflation summary for latest details.

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

Year19971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI100.000101.000103.192106.423111.408113.992116.638120.662126.277131.762136.904145.787152.456157.841163.759168.737174.356178.025181.616184.725186.915189.112197.817207.542211.995227.497

Adjust apparel services other than laundry and dry cleaning prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 1998 * 1998 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Apparel services other than laundry and dry cleaning was 101.000 in the year 1998 and 227.497 in 2022:

227.497 / 101.000 * $20 = $45.05

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1998 has the same "purchasing power" as $45.05 in 2022 (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.

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