According to the U.S. Bureau of Labor Statistics, prices for apparel services other than laundry and dry cleaning are 6.45% higher in 2024 versus 2023 (a $1.29 difference in value).
Between 2023 and 2024: Apparel services other than laundry and dry cleaning experienced an average inflation rate of 6.45% 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 $21.29 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.83% during this same period, inflation for apparel services other than laundry and dry cleaning was significantly 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.
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:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2023 | $20.00 | 10.52% |
| 2024 | $21.29 | 6.45%* |
* 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:
| 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 | 2021 | 2022 | 2023 | 2024 |
| 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 | 211.995 | 233.361 | 257.916 | 274.558 |