Apparel services other than laundry and dry cleaning priced at $20 in 2004 $37.75 in 2022

Apparel Services Other Than Laundry And Dry Cleaning Inflation Calculator

$

Prices for Apparel Services Other Than Laundry And Dry Cleaning, 2004-2022 ($20)

According to the U.S. Bureau of Labor Statistics, prices for apparel services other than laundry and dry cleaning are 88.77% higher in 2022 versus 2004 (a $17.75 difference in value).

Between 2004 and 2022: Apparel services other than laundry and dry cleaning experienced an average inflation rate of 3.59% 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 2004 would cost $37.75 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 2004: Pricing changed by 3.45%, which is below the average yearly change for apparel services other than laundry and dry cleaning during the 2004-2022 time period. Compared to inflation for all items in 2004 (2.68%), 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: 2022 (7.44%), 2008 (6.49%), and 2020 (4.92%).

View price changes for other categories
Dental services · Public transportation · Electricity · Atlanta, Georgia · More

Buying power of $20.00 since 2004

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

YearUSD ValueInflation Rate
2004$20.003.45%
2005$20.934.65%
2006$21.844.34%
2007$22.693.90%
2008$24.166.49%
2009$25.274.57%
2010$26.163.53%
2011$27.143.75%
2012$27.973.04%
2013$28.903.33%
2014$29.512.10%
2015$30.102.02%
2016$30.621.71%
2017$30.981.19%
2018$31.351.18%
2019$32.794.60%
2020$34.404.92%
2021$35.142.15%
2022$37.757.44%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.


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

Year19971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI100.000101.000103.192106.423111.408113.992116.638120.662126.277131.762136.904145.787152.456157.841163.759168.737174.356178.025181.616184.725186.915189.112197.817207.542211.995227.767

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

Start with the inflation rate formula:

CPI in 2022 / CPI in 2004 * 2004 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 120.662 in the year 2004 and 227.767 in 2022:

227.767 / 120.662 * $20 = $37.75

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2004 has the same "purchasing power" as $37.75 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.

» Read more about inflation and investment.