Laundry and dry cleaning services priced at $20 in 1999 $41.70 in 2023

Laundry And Dry Cleaning Services Inflation Calculator

$

Prices for Laundry And Dry Cleaning Services, 1999-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for laundry and dry cleaning services are 108.52% higher in 2023 versus 1999 (a $21.70 difference in value).

Between 1999 and 2023: Laundry and dry cleaning services experienced an average inflation rate of 3.11% per year. This rate of change indicates significant inflation. In other words, laundry and dry cleaning services costing $20 in the year 1999 would cost $41.70 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.54% during this same period, inflation for laundry and dry cleaning services was higher.

In the year 1999: Pricing changed by 2.45%, which is below the average yearly change for laundry and dry cleaning services during the 1999-2023 time period. Compared to inflation for all items in 1999 (2.19%), inflation for laundry and dry cleaning services was higher.

Price Inflation for Laundry and dry cleaning services since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2022 (8.83%), 2023 (5.75%), and 2021 (4.50%).

View price changes for other categories
Dallas-Fort Worth, Texas · New cars · Admission to sporting events · Public transportation · More

Buying power of $20.00 since 1999

Below are calculations of equivalent buying power for Laundry and dry cleaning services, over time, for $20 beginning in 1999. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1999$20.002.45%
2000$20.412.03%
2001$21.143.61%
2002$21.793.07%
2003$22.292.27%
2004$22.912.78%
2005$23.432.30%
2006$24.143.03%
2007$24.913.17%
2008$26.014.40%
2009$26.762.91%
2010$27.362.25%
2011$27.771.48%
2012$28.271.80%
2013$28.761.75%
2014$29.291.86%
2015$29.972.32%
2016$30.883.03%
2017$31.702.65%
2018$32.612.88%
2019$33.833.74%
2020$34.682.49%
2021$36.244.50%
2022$39.448.83%
2023$41.705.75%*

* 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 Laundry and dry cleaning services:

Year199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
CPI100.000101.438103.923106.031109.862113.231115.800119.023121.762125.454129.436135.133139.061142.184144.281146.874149.442152.218155.747160.462164.719169.455175.798180.180188.295204.914216.701

Adjust laundry and dry cleaning services prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 1999 * 1999 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Laundry and dry cleaning services was 103.923 in the year 1999 and 216.701 in 2023:

216.701 / 103.923 * $20 = $41.70

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1999 has the same "purchasing power" as $41.70 in 2023 (in the CPI category of Laundry and dry cleaning services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Laundry and dry cleaning services in 1997. In addition to laundry and dry cleaning services, 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.