According to the U.S. Bureau of Labor Statistics, prices for apparel services other than laundry and dry cleaning were 64.35% higher in 2020 versus 2005 (a $12.87 difference in value).
Between 2005 and 2020: Apparel services other than laundry and dry cleaning experienced an average inflation rate of 3.37% 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 2005 would cost $32.87 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.90% during this same period, inflation for apparel services other than laundry and dry cleaning was higher.
In the year 2005: Pricing changed by 4.65%, which is above the average yearly change for apparel services other than laundry and dry cleaning during the 2005-2020 time period. Compared to inflation for all items in 2005 (3.39%), inflation for apparel services other than laundry and dry cleaning was higher.
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 | 207.542 |
Below are calculations of equivalent buying power for Apparel services other than laundry and dry cleaning, over time, for $20 beginning in 2005. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
2005 | $20.00 | 4.65% |
2006 | $20.87 | 4.34% |
2007 | $21.68 | 3.90% |
2008 | $23.09 | 6.49% |
2009 | $24.15 | 4.57% |
2010 | $25.00 | 3.53% |
2011 | $25.94 | 3.75% |
2012 | $26.72 | 3.04% |
2013 | $27.61 | 3.33% |
2014 | $28.20 | 2.10% |
2015 | $28.76 | 2.02% |
2016 | $29.26 | 1.71% |
2017 | $29.60 | 1.19% |
2018 | $29.95 | 1.18% |
2019 | $31.33 | 4.60% |
2020 | $32.87 | 4.92%* |