According to the U.S. Bureau of Labor Statistics, prices for apparel services other than laundry and dry cleaning are 56.23% higher in 2022 versus 2008 (a $11.25 difference in value).
Between 2008 and 2022: Apparel services other than laundry and dry cleaning experienced an average inflation rate of 3.24% 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 2008 would cost $31.25 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.16% during this same period, inflation for apparel services other than laundry and dry cleaning was higher.
In the year 2008: Pricing changed by 6.49%, which is significantly above the average yearly change for apparel services other than laundry and dry cleaning during the 2008-2022 time period. Compared to inflation for all items in 2008 (3.84%), inflation for apparel services other than laundry and dry cleaning was higher.
Below are calculations of equivalent buying power for Apparel services other than laundry and dry cleaning, over time, for $20 beginning in 2008. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
* 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: