Apparel services other than laundry and dry cleaning priced at $20 in 2023 $20.63 in 2024

Apparel Services Other Than Laundry And Dry Cleaning Inflation Calculator

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Prices for Apparel Services Other Than Laundry And Dry Cleaning, 2023-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for apparel services other than laundry and dry cleaning are 3.17% higher in 2024 versus 2023 (a $0.63 difference in value).

Between 2023 and 2024: Apparel services other than laundry and dry cleaning experienced an average inflation rate of 3.17% 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 2023 would cost $20.63 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 1.86% during this same period, inflation for apparel services other than laundry and dry cleaning was higher.

In the year 2023: Pricing changed by 10.52%, which is significantly above the average yearly change for apparel services other than laundry and dry cleaning during the 2023-2024 time period. Compared to inflation for all items in 2023 (4.12%), inflation for apparel services other than laundry and dry cleaning was much 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: 2023 (10.52%), 2022 (10.08%), and 2008 (6.49%).

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Buying power of $20.00 since 2023

Below are calculations of equivalent buying power for Apparel services other than laundry and dry cleaning, over time, for $20 beginning in 2023. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2023$20.0010.52%
2024$20.633.17%*

* 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:

Year1997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI100.000101.000103.192106.423111.408113.992116.638120.662126.277131.762136.904145.787152.456157.841163.759168.737174.356178.025181.616184.725186.915189.112197.817207.542211.995233.361257.916266.095

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

Start with the inflation rate formula:

CPI in 2024 / CPI in 2023 * 2023 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Apparel services other than laundry and dry cleaning was 257.916 in the year 2023 and 266.095 in 2024:

266.095 / 257.916 * $20 = $20.63

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2023 has the same "purchasing power" as $20.63 in 2024 (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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